Non-business Updates

Output Rise Not on OPEC Summit Agenda

Ford sees tough U.S. market

Ron Paul's "Fringe Views" Are Supported By a Majority of Americans November 14, 2007
U.S. Dollar Will Get Stronger: Bush November 14 , 2007
Why the Media Blackout of Denzel Washington's Extraordinary Gift to a Texas Military Hospital? November 14, 2007
Zogby Predicts Ron Paul Could Get 15 to 18 Percent in New Hampshire November 14, 2007

State Attorney Admits No Law Makes Vaccines Mandatory November 15, 2007
Feds Raid Liberty Dollar and Seize and Freeze Everything November 15 , 2007
Glenn Beck Deems Ron Paul "Domestic Threat" November 15, 2007
Guantanamo Manual Leaked on Web November 15, 2007

9/11 Commission Chair Lee Hamilton Grilled Over Building 7 November 16, 2007
Silverstein's Building 7 Party Interrupted With 9/11 Truth November 16 , 2007
Rudy Giuliani Still 'Mr. 9/11' To You November 16, 2007
Ron Paul Dollars Soar Above $200 on eBay After Raid on Liberty Dollar November 16, 2007

Ron Paul Wins Nationwide Zogby Blind Poll November 19, 2007
New Poll Shows Majority Want Immediate Iraq Troop Withdrawal November 19 , 2007
Rudy Giuliani Still 'Mr. 9/11' To You November 16, 2007
Ron Paul Dollars Soar Above $200 on eBay After Raid on Liberty Dollar November 16, 2007

Zogby Analyst: Ron Paul's Timing "Almost Perfect" For a Big Move November 20, 2007
Ron Paul Wins GQ Dark Horse of the Year November 20 , 2007
Fox Host Says Dissenters Should Be Tased November 20, 2007
Fox News Chief Roger Ailes Lectures West Point on ‘The Military And The Media’ November 20, 2007

Zogby Analyst: Ron Paul's Timing "Almost Perfect" For a Big Move November 21, 2007
ABC News: Ron Paul Will Spend as Much as Giuliani in New Hampshire November 21 , 2007
Supremes to Decide if Second Amendment Means What It Says November 21, 2007
Fox's Gibson: NASCAR Likes Rudy Despite Gun Control Because He "Kicks Butt" November 21, 2007

Glenn Beck Confronted, Protagonists Questioned By Secret Service November 26, 2007
They Live Taser Saucer To Become A Reality November 26, 2007
Internet Soon to be “Full,” Government Solution: More Taxes November 26, 2007
Ron Paul's growing poll numbers vex mainstream press November 26, 2007

Freddie Mac to sell stock, cut dividend

Record low dollar, consumer confidence down, housing/real estate/indices/prices down, leading indicators down, record high oil/gold prices, deficits, fake/false government reports/data, etc., but newest bull s**t talking point, viz., $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem), sparks lunatics’/suckers’ bear market rally/dead dog bounce into the close (11-27-07) to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Very Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

The time-lines below highlight the four recessions in the US economy since 1980…..While the NBER was only a little late in its recognition of the recession that began in Summer 1981, they were late to the game in the remaining three. In fact, during the last two recessions, the NBER did not officially declare the start to a recession until the recession had already ended. The u.s. is already in recession, beyond the fake data/reports, with much higher than reported inflation, etc..

CAN SHE BEAT THEM? New poll shows Clinton trails top '08 Republicans...

Clinton I haven't considered possibility of losing Dem nomination

NYC Fire Chief: Giuliani 'Not a Hero' 'He Ran That Day'

Hillary Takes Cash From Recipients of Husband's Controversial Pardons

UK TV hits Giuliani on 9/11 record
Corrupt mob-connected guinea giuliani and his team continue to offer conflicting answers to the question of whether he will make public the names of his pay-to-play “consulting” firm's clients.
Alleged Trainer Of 9/11 Hijackers a CIA Informant

Novak: Hillary's Nixonian Tactics Against Obama...

Giuliani shows abortion danger for Republicans

Wells Fargo to take $1.4 billion charge for bad loans

Iceland best place to live, Africa worst, u.s. continues to fall: UN Tue Nov 27, 4:22 PM ET BRASILIA (Reuters) - Iceland has overtaken Norway as the world's most desirable country to live in, according to an annual U.N. table published on Tuesday that again puts AIDS-afflicted sub-Saharan African states at the bottom, with u.s. finishing lower than previous year in continued descent…..

World Anglican leader launches attack on U.S. (Reuters) and condemns war criminal america’s modus operandi, viz., ….. a quick burst of violent action will somehow clear the decks and that you can move on and other people will put things back together again -- Iraq for example.

Economic Expert Says Global Crash Imminent
Echoes former world bank leader with prediction of global recession Steve Watson
A leading economic expert has warned that a global crash and recession is imminent on the back of record highs in real estate, stocks and energy, combined with a devaluation of the dollar and continued speculative bubble thinking. Robert Shiller, the Stanley B. Resor Professor of Economics at Yale University told an audience at the annual Dubai International Financial Centre (DIFC) Week that a sharp downward correction is due in the global markets. Shiller stated: Perhaps we have gotten a little too confident in the global economic growth, said Shiller. The problem is high oil, stock and real estate prices. I believe that a substantial part is speculative bubble thinking. We have gotten too confident of the prices in these markets.

CHEER: Ambrose Evans-Pritchard: Bank Crisis may make '29 look 'walk in park'...

Rudy or Hillary: Pick Your Poison November 28, 2007
We Are Change Ireland Attempts to Confront Bill Clinton November 28, 2007
Consider a continental currency, Jarislowsky says November 28, 2007
Hillary Interrupted: 20+ Years of Dynasty Is Enough November 28, 2007

McCain, a man with a false “war hero” history of his own (was referred to as the songbird by his fellow american war prisoners for trading information for better treatment), Peddles False History, Takes Cheap Shot at Ron Paul November 29, 2007
Naomi Wolf: America's Fascist Coup Owes Legacy To Bush's Nazi Grandfather November 29, 2007
New Bin Laden "Confession" Tape: Fake Like The Rest? November 29, 2007
GOP rivals tussle over immigration, the Word and Hitler in YouTube showdown November 29, 2007

Ron Paul to Top Giuliani's 3rd Qtr. Ceiling at 2 Month Mark of 4th Qtr. November 30, 2007
Deluded McCain Thinks Americans Believe 9/11 Hoax November 30, 2007
Giuliani Will 'Hear No Evil, See No Evil' About His Own Corruption November 30, 2007
CNN: Does Ron Paul Believe in a Conspiracy to Form a North American Union? November 30, 2007

Paul: Republicans Face Certain Defeat With Pro-War Candidate December 3, 2007
Handcuffed Woman Tased in Police Station December 3, 2007
CNN Hack Claims NAFTA Superhighway Figment Of Ron Paul's Imagination December 3, 2007
Florida GOP Official Threatens Ron Paul Straw Poll Voter with Violence December 3, 2007

Ex-Italian President: Intel Agencies Know 9/11 An Inside Job December 4, 2007
Young Pakistanis: Bin Laden Is A CIA Creation December 4, 2007
Man Tased 15 Times and Dragged Out of Vehicle December 4, 2007
Ron Paul Charms The View December 4, 2007

Ex-Canadian PM Next 9/11 Truther? December 5, 2007
Mall Security Demands ID From Truthers Under Patriot Act December 5, 2007
San Francisco GOP Group Cancels Straw Poll After Ron Paul Supporters Pour In December 5, 2007
Podhoretz’s ‘Dark Suspicion’: Intel Community Trying To Sabotage Bush With NIE December 5, 2007

Ron Paul Spambot Caper: Political Sabotage and Dirty Tricks? December 6, 2007
The Unknown Dangers of Nanotech December 6, 2007
Ron Paul Slams Global Warming "Fearmongering" December 6, 2007
Another Shooter With A History Of Anti-depressant Use December 6, 2007

Is the North American Union Conspiracy Theory Really Real? December 7, 2007
Cartel Heads Greenspan and Welch Confronted Over Grossly Concentrated Power December 7, 2007
Baer Suggests Saudis Could Stage Terror In America to Instigate Iran Attack December 7, 2007
Post-Pearl Harbor 'Jap Hunting License' All Too Similar to 'Terrorist Hunting Permit' December 7, 2007

Chretien Loses Patience With Questions On 9/11 Truth, NAU December 10, 2007
Elite Depopulation Agenda Gains Ground December 10, 2007
O’Reilly: Fox News Turned Down Pro-Constitution Ad Because It Was ‘Anti-American’ December 10, 2007
Ambassador Dennis Ross Confronted on Bilderberg Ties and Brzezinski Warning December 10, 2007

Londoners Interrogated Over Journey Plans December 11, 2007
Consensus Shattered As Major Scientific Study Says Global Warming Is Natural December 11, 2007
Beijing Olympics Will Use IBM High-Tech Surveillance System December 11, 2007
9/11 Truth on the Underground December 11, 2007

The Ties That Bind Rick Perry & Rudy Giuliani December 13, 2007
EU Chaos as Heckling MPs Chanting 'Referendum' Ordered to Leave Parliament December 13, 2007
Neocons Revise WMD Entry on Wikipedia Propaganda Portal December 13, 2007
Ron Paul Warns Middle Class Being "Wiped Out" In Final Debate December 13, 2007

Estulin: Elitists Consider Assassinating Ron Paul December 14, 2007
The Ties That Bind Rick Perry & Rudy Giuliani December 14, 2007
7/7 Terror Exercise Manager Peter Power "Grins and Bears" Tough Questions on False-Flag December 14, 2007
Over 100 Prominent Scientists Challenge UN Move For Global Carbon Tax December 14, 2007

Ron Paul Smashes Record With $6 Million Plus Haul December 17, 2007
Secret Service Agents Pressure 9/11 Truther to Stop Confronting Clinton December 17, 2007
Ron Paul Surpasses Fund Raising Record Held by John Kerry December 17, 2007
Texas Readies Police State Tech for Possible Hurricane Evacuees December 17, 2007

Daddy Bush Makes Skull and Bones Pilgrimage December 18, 2007
More Hiring and Advertising Ahead for Paul Campaign as the Donations Pour In December 18, 2007
Forbes: Bloomberg to Spend Big Bucks to Derail Ron Paul December 18, 2007
Bill Clinton: George H.W. Bush will help President Hillary December 18, 2007

Beck Complains Of Threats, Yet Wanted To "Kill Michael Moore" December 19, 2007
Rockefellers "Joked" About Controlling The World December 19, 2007
Ron Paul Doesn't Rule Out Third Party Run December 19, 2007
NASCO: Ron Paul Is "Confused" About NAFTA Superhighway December 19, 2007

Karl Rove Worried About Ron Paul "Momentum" December 20, 2007
2,600 Pages of Clinton Records Withheld December 20, 2007
Report Says Tancredo Plans to Drop Out December 20, 2007
Ron Paul on MSNBC: Are His Supporters Even Represented in the Polls? December 20, 2007

Ron Paul Racist Propaganda Exposed December 21, 2007
Gun Owners Group Condemns "Treacherous" Legislation December 21, 2007
Huckabee's Copy Cat Money Bomb... a Dud? December 21, 2007
Former US Intelligence official: Israel will attack Iran December 21, 2007

Edgar J. Hoover Planned Mass Jailing in 1950 December 23, 2007
Ron Paul Shines On Meet the Press December 23, 2007
Ron Paul Tied for Third in Iowa December 23, 2007
NORTHCOM: Constitution Not Important December 23, 2007

The New Year Begins Here (scroll down to current date)

Aldous Huxley Suggested Mind Control to Make Insane Blissful December 25, 2007
Ron Paul Shines On Meet the Press December 23, 2007
Ron Paul Tied for Third in Iowa December 23, 2007
NORTHCOM: Constitution Not Important December 23, 2007

New York Times Retracts Ron Paul Racist Smear December 27, 2007
Former Pakistani PM Bhutto 'Killed in Blast' December 27, 2007
War Costs $15 Billion Per Month, GOP Senator Says December 27, 2007
Murdoch & Other Bush Associates Further Consolidating U.S. Media Holdings December 27, 2007

Woe to americans who Are All Prisoners Now All Americans are now imprisoned in a world of lies and deception created by the Bush Regime and the two complicit parties of Congress, by federal judges too corrupt, timid or ignorant to recognize a rogue regime running roughshod over the Constitution, by a bought-and-paid-for media that serves as propagandists for a regime of war criminals, and by a gutless, ignorant public who have forsaken their self-respect.

Benazir Assassinated

Alexander Tytler: "The average age of the world's greatest civilizations has been two hundred years JonesReport.com | 12-4-07
"The average age of the world's greatest civilizations has been two
hundred years. These nations have progressed through this sequence: from
bondage to spiritual faith; from spiritual faith to great courage; from
courage to liberty; from liberty to abundance; from abundance to
selfishness; from selfishness to complacency; from complacency to
apathy; from apathy to dependence; from dependency back again into
bondage."-- Alexander Tytler

FDR: "They who seek to establish systems of government based on the regimentation of all human beings by a handful of individual rulers... call this a New Order. It is not new and it is not order."

Andrew Jackson: "There are no necessary evils in government. Its evils exist only in its abuses."

Congressman McFadden (1934) on the Fed: "This evil institution has impoverished and ruined the people of these United States, has bankrupted itself, and has practically bankrupted our Government."

AP: TOP 10 NEWS STORIES '07...

Former CIA Interrogator: We Carried Out Torture Because The White House Told Us To

Fire out at building next to White House

Kucinich's brother found dead

FBI agent threatened to arrest CIA interrogators in 2002.

Countdown: Bushed! Countdown's list of the top three Bush scandals you may have forgotten about because of all of the new Bush scandals. This week's scandals: Habeas Corpus-Gate, Air-Gate and NIE-Gate.

Bush administration: Back off says war criminal and strategist dumbya bush on CIA tape probe CNN

HUCKABEE SLAMS 'ARROGANT' BUSH WHITE HOUSE

Romney Proves to All He is Not as Smart as he appears to be by Hitting Huckabee for Appropriately Criticizing War Criminal Dumbya bush for the debacle in Iraq (, etc.,) Which Is the Greatest Foreign Policy Blunder in america’s short-lived history (while concomitantly destroying the republican party, etc.) - tush tush, bush bush Washington Post

Bill Clinton Says He Wasn’t Ready for White House When He Squandered the Cold War Victory and Consequent Peace Dividend and that by resisting the bushit team Obama isn't Ready For White House which is ridiculous based upon the substantial damage the bush-clinton-bush corrupt regimes have caused the nation and the world...

Bush-Clinton-Bush-Clinton : Two Families, Three Decades In The White House, The Very Best Of Times For Them and the Worst of Times and Decline For america are (and this should be the wake-up call) best Friends

WYOMING DEM CHIEF: CLINTON WOULD HURT PARTY...

LA's gangland culture spreading chaos, violence into America's heartland...

AT&T engineer says Bush Administration sought to implement domestic spying within two weeks of taking office

Dodd ready to mount filibuster to block telecom immunity

The End of America

Naomi Wolf - "There hasen't been a real investigation of 9/11."

Lee Hamilton Says the CIA Obstructed the 9/11 Commission

CIA Failed To Fully Inform Congress About Destroyed Tapes CBS News

More Evidence of Obstruction of Justice in 9/11 Investigation

Neocons Revise WMD Entry on Wikipedia Propaganda Portal

Pelosi and Harman Aided and Abetted 9/11 Cover Up

The White House and Congress Knew about the CIA Interrogation Videotapes

USATODAYGALLUP POLL: Approval of Congress sinks to new low...

9/11 Victims' Lawyers Blast Ground Zero Toxic Air Lies In Court

Bush Authorizes Full Access to U.S. Roads for Even More Mexico-Based NAFTA Trucks

What is the CFR?: The Bush Clinton Bush Clinton Administration

Olbermann: Bush is a BOLD faced LIAR about NIE/Iran

Russia's well-founded and rational deep suspicion of (particularly criminal america) the West

Hillary Campaign Tactic Backfires as Top Aide Quits

REPORT: FBI Videotape shows Sharpton cutting a deal...

Victim: Gang-Rape Cover-Up by U.S., Halliburton/KBR

Greenspan sees early signs of U.S. stagflation

Poland does not need U.S. missile defense base - ex-PM

Iran Is No Threat and That’s Official “They stole our threat” goes a headline in the Israeli daily Haaretz. The author is, of course, referring to the recently published US National Intelligence Estimate (NIE) composed by 16 American intelligence.....

Gov't official: No 'smoking gun' on Iran

Egypt Govt Accuses Israel of Meddling in Its Ties With US

Paul: Israel Demanding U.S. Further Its Self-destructive Pro-israel Mode and Invade Iran

Russia warns of US missile shield retaliation

PA Economy Worst Affected by Israeli Restrictions: WB

Israeli Airstrikes in Gaza Kill 7

NASA 'on target for return to the moon for the first time by 2020'…..riiiiight!.....UFOetry: We Never Went To The Moon - The Award-Winning Documentary/Music/Video by John Lee
'The Mother of All Frauds'

History Channel Admits WTC Tower Fell At Freefall Speed

FBI Now Admits Evidence Used to Connect Oswald to Kennedy Assasination Was Bogus

Food prices rising at highest rate for 14 years

Taj Mahal Won't Accept bushit american Dollars as India Laments Lost Value

THE HILL: Dems Cave On Spending...

China's Yuan at new high vs dollar...

YEAR-ENDER: Home Sales Plunge, Feed Recession Fears...

To Understand Business/Economics for the Coming Year The New Year Starts Here (scroll down for current date)

(1-7-08) With sloth-like reflexes and speed the lazy, fallible frauds on wall street now recognize, yes we’re already in a recession. Forget Bulls/Bears. Their new mascot:
The Prehistoric Sloth. Sloths all, the lunatic/frauds on wall street are slothish on america.

Recession in the US 'has arrived': Merrill Lynch

Morgan Stanley issues full US recession alert Ambrose Evans-Pritchard
Tuesday December 11, 2007 Morgan Stanley has issued a full recession alert for the US economy, warning of a sharp slowdown in business investment and a "perfect storm" for consumers as the housing slump spreads. In a report "Recession Coming" released today, the bank's US team said the credit crunch had started to inflict serious damage on US companies…..

Reuters House prices seen falling 30 pct 12- 6-07 By Julie Haviv NEW YORK (Reuters) - Housing markets from Punta Gorda, Florida, to Stockton, California, will crash and suffer price drops of more than 30 percent before the housing crisis is over, a report from Moody's Economy.com said on Thursday. On a national level, the housing market recession will continue through early 2009, said the report, co-authored by Mark Zandi, chief economist, and Celia Chen, director of housing economics. The report paints a worsening picture of the hard-hit housing sector, which is in the midst of its worst downturn since World War II. While activity will stabilize in 2009, it will not be until 2010 before a measurable improvement in sales, construction and pricing will emerge, the report said…..

Earnings Recession Has Arrived U.S. corporate profits are in a recession, and the entire economy can not be far behind. Slower sales and higher energy and labor costs are forcing companies from Bear Stearns Cos. to Pitney Bowes Inc. to reduce spending and hiring. Their efforts to keep earnings from eroding even further raise the risk that the economy, already weakened by the steepest housing slide since 1991, may shrink sometime next year. ‘The earnings recession has already arrived, says David Rosenberg, North America economist for Merrill Lynch & Co. in New York. We are going to see an economic recession in '08.…..’

BANK OF AMERICA Sees Bigger Writedowns (12-12-07).....

MORGAN STANLEY first loss ever; taps China for $5 Billion...

PAPER: Housing foreclosures largest since Great Depression...

Home Prices Fall for 10th Straight Month

Oil price spikes close to $97...

CITIGROUP and MERRILL face bigger writeoffs/dividend cuts, etc.....

CHEER: Ambrose Evans-Pritchard: Bank Crisis may make '29 look 'walk in park'...As central banks continue to splash their cash over the system, so far to little effect, Ambrose Evans-Pritchard argues things are rapidly spiralling out of their control Twenty billion dollars here, $20bn there, and a lush half-trillion from the European Central Bank at give-away rates for Christmas. Buckets of liquidity are being splashed over the North Atlantic banking system, so far with meagre or fleeting effects. "Liquidity doesn't do anything in this situation," says Anna Schwartz, the doyenne of US monetarism and life-time student (with Milton Friedman) of the Great Depression."It cannot deal with ….. that lots of firms are going bankrupt. The banks and the hedge funds have not fully acknowledged who is in trouble. That is the critical issue," she adds…..

NEWS FLASH: Direct from Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia mob fame with his continuing message for the past several years: buy real estate (and watch the values go down…..riiiiight!).

(10-16-08) 8,979 DOW +401 –18.1% for previous week 1,717 NASDAQ +89 –15.3% for previous week 946 S&P +38 –18.3% for previous week [CLOSE- OIL $69.85 (RECORD TRADING HIGH $147.27) GAS $3.35 (reg. gas in LAND OF FRUITS AND NUTS $3.45 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $804.50/ SILVER $9.65 / PLATINUM $913/ DOLLAR= .73 EURO, 99 YEN, .565 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.96% ..… AP Business Highlights … ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! Suckers’ bear market rally/800 point swing/programmed trades to the upside into the close on decidedly bad news …I don’t think so! Great opportunity to sell/take profits while you still can since smart money (and reality) say trend is much lower Billion-Dollar Fund Manager, Dow To Sink To 5,000 , Roubini: Dow 7,000 Likely 'Sometime Next Year' , Dow Jones Bloodbath Mirroring 1929 Rout Bottom should be around 27 per cent below “bailout bounce” according to analyst , since none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come, (they’re so desperate for b.s./fraudulent talking points/sizzle to sell that the rumor (Microsoft to buy/destroy Yahoo) sparks rally though denied by both companies, spin lower prices as positive when reality is that economic conditions/prospects so bad that demand has precipitously fallen, Philly fed Index down sharply indicating contraction, Real Estate/Builders’ Index lowest/Worst reading since inception, lunatic wall street frauds desperation linked to their substantial crimes and booty which must be disgorged through prosecution, volatility index at new record, previous session reality trumps the new fraud as markets can’t hide from the plethora of bad economic news albeit sugar-coated for election year purposes as retail sales down 1.2% for month and as well, year-over-year and in all regions, beige book says economic activity down in all regions Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 sell into rallies/strength/take profits while you can as much worse to come and remember, fool you once, shame on the wall street frauds who should be in prison, fool you twice, shame on you and you’re screwed, one expert described the bailout as money down a black hole Total Bailout Cost Heads Towards $5 TRILLION , shreve of investors’ (shouldn’t that be traders’) business daily said became negative on market in August and all cash in September [but previously, 6-3-08, SHREVE OF INVESTORS BUSINESS DAILY NOW NEGATIVE ON MARKET (YA THINK), WAS BULLISH JUST RECENTLY ENOUGH FOR BULL TRAP (OR JUST PLAIN BULL CRAP) AND CITES HEDGE FUND SPECULATORS, SUPPLY/DAMAND FACTORS (OIL RISE, ETC), LEADERSHIP TURNED NEGATIVE WHICH FED MINUTES CONFIRMED, implying that somewhere in between he was positive ] but to his credit states we’re in a recession…some quarters of negative growth/contraction ahead…takes considerable time for fed steps/missteps to take effect…and 7-8% unemployment, while fed governor janet yellen says we’re in a recession…daaah!, while another cites consensus that the financial crisis won’t be over anytime soon US confronts reality of long, deep recession/depression ,
The global economy is going through a "profound shift" as it deals with the unwinding of debt leverage, which Todd Harrison, CEO of Minyanville.com calls "the mother of all bubbles."
As with the tech bubble before them, bubbles in housing, commodities and hedge funds were all made bigger because of the unfettered use of leverage. The unwinding process is going to result in a "prolonged period of socioeconomic malaise," he says, predicting unemployment will rise will into double-digits before the cycle turns.
The most recent batch of economic data certain support a grim outlook:

Industrial production plunged 2.8% in September, the biggest drop since September 1974.
The Philadelphia Fed's manufacturing index slumped to its lowest level since October 1990.
The National Association of Home Builders' housing market index hit a record low.
The Fed's October Beige Book showed across-the-board weakening of activity in all 12 reporting districts.
September retail sales fell 1.2%, the biggest drop since Aug. 2005.

previous session saw modest losses relative to reality with near 300 point upswing into the close on bad news (to keep the suckers in … were you a sucker?…the frauds on wall street are counting on it as today’s session proves) including record budget deficit at $454 billion and much worse next year, they’re treating symptoms not the problems so good money after bad, substantial unwinding of derivatives and market manipulation by programmed stock purchases, u.s. gov’t selling treasuries to finance debacle pushing interest rates higher so sell/take profits, The Wall Street Coup and the Bailout Scam Bailout $700 billion yet national debt increased by over $1 trillion,They socialize their losses and privatize their gains ….. How is this happening? Paulson Doles Out $125 Billion to Wall Street Elite What a total fraud/scam! A Trillion Dollar Bait and Switch: The Bailout and the Smell Test This is a secular bear market – check out the cycles. Roubini Sees Worst Recession in 40 Years, Rally’s End , previously Motek’s expert Art Hogan says crisis not over, daaaaah!, buuuttt and for the first time sounds like a typical wall street shill and loses all credibility thereby, while another non-Motek expert says will retest lows which is euphemistically correct while pointing to comparable spike/decline in 1929 et seq. Great Depression scenario , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , b.s. talking points and all based upon other nations, Europe and Asia like lemmings again following america into the abyss (Iraq, etc.) since none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come and remember, fool you once, shame on the wall street frauds who should be in prison, fool you twice, shame on you and you’re screwed, as this and previous session’s programmed buy trades to keep the suckers sucked in and commission dollars flowing (the shameless wall street frauds made hundreds of millions last week and today on high then moderate volume as government/banks closed for holiday), thousand point swings to the upside- I don’t think so, as yet again those needful things on wall street get even MORE, MORE, MORE, MORE, MORE for the poor (not really, in light of the mega billions in fraudulently derived commissions, bonuses, compensation, which should and must be disgorged through prosecution) frauds on wall street, retail down, unemployment at recession levels, modest losses relative to reality so sell into strength/take profits, get your money out while you can and don’t forget that the worthless hyperinflationary Weimar dollars they’re printing like mad will, like the current fraud unraveling, come home to roost [Rogers: Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are, any wild-eyed purported gains to come illusory/non-existent at best and further, national (and consumer) debt and lack of industrial/manufacturing base/trade deficits make previous recovery comparisons preposterous, Motek’s expert says on-going bear market since 2000 (market down 75% as measured in gold) with continued massive liquidations to pay off debt and that attempts to reflate with bailouts will fail culminating in hyperinflationary depression, while another expert says stocks could slug around at bottom for extended period, while Financial Times Editor says most volatile day ever, not at tradable bottom, and this was a market crash at –40% from top. GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil up, Motek’s expert Bogel of Vanguard fame points to speculative measure for wall street in 1929 as 280 which is even below and not as bad as the current measure of 320 in year 2008 indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the Worst S&P Decline in History ,on top of previous sessions needful things on wall street saying MORE, taxpayer money to bail them out for their consummate fraud, etc., MORE now EU/Asian/fed/taxpayers’ cooperation/contribution for their past, present and future frauds, etc., to keep their ponzi-like scheme of worthless paper moving; how about prosecution, prison, fines, and disgorgement for these mega billion dollar frauds, as 500 point swing to the upside into the close (get your money out while you can-sell into strength/rallies/take profits) on yet another b.s. talking point (I don’t think so and neither does Cramer says Get Out Of The Market ) as Motek’s expert apparently shell-shocked talks in terms of washout levels while another says bailout will take about 4 weeks to implement and not sure if same will work [WON’T! There are trillions (some say in the hundreds of trillions) of the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce exposure to equities in favor of ie., money market treasuries, previous day buy on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as economy loses more than expected 159,000 jobs, Motek’s economist/expert/trader says serious economic issues remain and cites ’73 to ’74 when market fell 45% top to bottom while securities expert says now focus is on fundamentals and not a pretty picture and cautions about dilution, get your money out while you can-sell into strength/rallies/take profits-that’s what they did , previously hopes for fraudulent $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! wall street fraud/criminal bailout “Grand Larceny” on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It? can’t change reality as unemployment numbers highest in 7 years, factory orders decline to lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point previous day gain with all seriously negative news including sales drops of 16% at GM and 35% at Ford so sell into these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , U.S. Sept. ISM manufacturing index plunges to 43.5% (worst since 1955), Bailout Would Only Prolong Crisis: Jim Rogers ,except for scandal-scarred corrupt commerce department which reported unexpected rise in consumer sentiment (riiiiight…things are so hunky-dory), all news decidedly negative with home prices falling an unexpected record 16.3 %, etc. Bailout marks Karl Marx’s comeback This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] ...Yahoo Market Update... ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(10-15-08) 8,577.91 DOW -733.08 –18.1% for previous week 1,628.33 NASDAQ –150.68 –15.3% for previous week 907.84 S&P –90.17 –18.3% for previous week [CLOSE- OIL $74.54 (RECORD TRADING HIGH $147.27) GAS $3.35 (reg. gas in LAND OF FRUITS AND NUTS $3.45 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $839.51/ SILVER $10.10 / PLATINUM $945/ DOLLAR= .73 EURO, 99 YEN, .565 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.95% ..… AP Business Highlights … ] Reality bites again and trumps the new fraud as markets can’t hide from the plethora of bad economic news albeit sugar-coated for election year purposes as retail sales down 1.2% for month and as well, year-over-year and in all regions, beige book says economic activity down in all regions Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 sell into rallies/strength/take profits while you can as much worse to come and remember, fool you once, shame on the wall street frauds who should be in prison, fool you twice, shame on you and you’re screwed, one expert described the bailout as money down a black hole Total Bailout Cost Heads Towards $5 TRILLION , shreve of investors’ (shouldn’t that be traders’) business daily said became negative on market in August and all cash in September [but previously, 6-3-08, SHREVE OF INVESTORS BUSINESS DAILY NOW NEGATIVE ON MARKET (YA THINK), WAS BULLISH JUST RECENTLY ENOUGH FOR BULL TRAP (OR JUST PLAIN BULL CRAP) AND CITES HEDGE FUND SPECULATORS, SUPPLY/DAMAND FACTORS (OIL RISE, ETC), LEADERSHIP TURNED NEGATIVE WHICH FED MINUTES CONFIRMED, implying that somewhere in between he was positive ] but to his credit states we’re in a recession…some quarters of negative growth/contraction ahead…takes considerable time for fed steps/missteps to take effect…and 7-8% unemployment, while fed governor janet yellen says we’re in a recession…daaah!, while another cites consensus that the financial crisis won’t be over anytime soon US confronts reality of long, deep recession/depression , previous session saw modest losses relative to reality with near 300 point upswing into the close on bad news (to keep the suckers in … were you a sucker?…the frauds on wall street are counting on it as today’s session proves) including record budget deficit at $454 billion and much worse next year, they’re treating symptoms not the problems so good money after bad, substantial unwinding of derivatives and market manipulation by programmed stock purchases, u.s. gov’t selling treasuries to finance debacle pushing interest rates higher so sell/take profits, The Wall Street Coup and the Bailout Scam Bailout $700 billion yet national debt increased by over $1 trillion,They socialize their losses and privatize their gains ….. How is this happening? Paulson Doles Out $125 Billion to Wall Street Elite What a total fraud/scam! A Trillion Dollar Bait and Switch: The Bailout and the Smell Test This is a secular bear market – check out the cycles. Roubini Sees Worst Recession in 40 Years, Rally’s End , previously Motek’s expert Art Hogan says crisis not over, daaaaah!, buuuttt and for the first time sounds like a typical wall street shill and loses all credibility thereby, while another non-Motek expert says will retest lows which is euphemistically correct while pointing to comparable spike/decline in 1929 et seq. Great Depression scenario , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , b.s. talking points and all based upon other nations, Europe and Asia like lemmings again following america into the abyss (Iraq, etc.) since none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come and remember, fool you once, shame on the wall street frauds who should be in prison, fool you twice, shame on you and you’re screwed, as this and previous session’s programmed buy trades to keep the suckers sucked in and commission dollars flowing (the shameless wall street frauds made hundreds of millions last week and today on high then moderate volume as government/banks closed for holiday), thousand point swings to the upside- I don’t think so, as yet again those needful things on wall street get even MORE, MORE, MORE, MORE, MORE for the poor (not really, in light of the mega billions in fraudulently derived commissions, bonuses, compensation, which should and must be disgorged through prosecution) frauds on wall street, retail down, unemployment at recession levels, modest losses relative to reality so sell into strength/take profits, get your money out while you can and don’t forget that the worthless hyperinflationary Weimar dollars they’re printing like mad will, like the current fraud unraveling, come home to roost [Rogers: Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are, any wild-eyed purported gains to come illusory/non-existent at best and further, national (and consumer) debt and lack of industrial/manufacturing base/trade deficits make previous recovery comparisons preposterous, Motek’s expert says on-going bear market since 2000 (market down 75% as measured in gold) with continued massive liquidations to pay off debt and that attempts to reflate with bailouts will fail culminating in hyperinflationary depression, while another expert says stocks could slug around at bottom for extended period, while Financial Times Editor says most volatile day ever, not at tradable bottom, and this was a market crash at –40% from top. GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil up, Motek’s expert Bogel of Vanguard fame points to speculative measure for wall street in 1929 as 280 which is even below and not as bad as the current measure of 320 in year 2008 indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the Worst S&P Decline in History ,on top of previous sessions needful things on wall street saying MORE, taxpayer money to bail them out for their consummate fraud, etc., MORE now EU/Asian/fed/taxpayers’ cooperation/contribution for their past, present and future frauds, etc., to keep their ponzi-like scheme of worthless paper moving; how about prosecution, prison, fines, and disgorgement for these mega billion dollar frauds, as 500 point swing to the upside into the close (get your money out while you can-sell into strength/rallies/take profits) on yet another b.s. talking point (I don’t think so and neither does Cramer says Get Out Of The Market ) as Motek’s expert apparently shell-shocked talks in terms of washout levels while another says bailout will take about 4 weeks to implement and not sure if same will work [WON’T! There are trillions (some say in the hundreds of trillions) of the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce exposure to equities in favor of ie., money market treasuries, previous day buy on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as economy loses more than expected 159,000 jobs, Motek’s economist/expert/trader says serious economic issues remain and cites ’73 to ’74 when market fell 45% top to bottom while securities expert says now focus is on fundamentals and not a pretty picture and cautions about dilution, get your money out while you can-sell into strength/rallies/take profits-that’s what they did , previously hopes for fraudulent $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! wall street fraud/criminal bailout “Grand Larceny” on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It? can’t change reality as unemployment numbers highest in 7 years, factory orders decline to lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point previous day gain with all seriously negative news including sales drops of 16% at GM and 35% at Ford so sell into these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , U.S. Sept. ISM manufacturing index plunges to 43.5% (worst since 1955), Bailout Would Only Prolong Crisis: Jim Rogers ,except for scandal-scarred corrupt commerce department which reported unexpected rise in consumer sentiment (riiiiight…things are so hunky-dory), all news decidedly negative with home prices falling an unexpected record 16.3 %, etc. Bailout marks Karl Marx’s comeback This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: The stock market plunged the most since the crash of 1987 as disappointing retail sales data and credit concerns renewed economic fears. Specifically, the S&P 500 plunged 9.0%, settling near session lows.Consumers continue to curtail spending in the face of economic headwinds. Retail sales in September tumbled 1.2% month-over-month, the third consecutive monthly drop and largest decline in three years. The decrease was larger than the expected drop of 0.7%. Sales are down 1.0% compared to last year, marking the first year-over-year decline since October 2002.Separately, the Producer Price Index, an inflation reading, fell 0.4% in September due to a decrease in commodity prices. Excluding food and energy, PPI rose 0.4%, which was more than the expected increase of 0.2%.Although credit markets are showing signs of improvement, there are concerns that a recovery will take longer than hoped for. Dollar Libor, which is the rate banks charge each other for short-term dollar loans, slightly declined across all terms for the second straight session, but remain at highly elevated states. This indicates banks are more willing to lend to each other, but are still showing extreme caution. In addition, there was a high demand for Treasuries as investors seek safety.An afternoon speech from Fed Chairman Bernanke and the release of the Fed's Beige Book did not give the market any real surprises, but painted a sobering economic picture and indicated that a recovery will take time.Economic concerns sparked broad-based selling, with 99% of the S&P 500 posting a loss and all ten of the economic sectors ending the day deep in the red.The energy sector (-15.5%) was hit the hardest, falling in conjunction with energy commodities. Crude prices tumbled 5.9% to $74.03 per barrel on global slowdown concerns and a cut in OPEC's demand forecast. On a similar note, commodity prices as a whole fell 4.5%, resulting in a 12.1% decline in the materials sector.Defensive oriented sectors consumer staples (-6.0%) and healthcare (-6.7%) outperformed on a relative basis, but still posted steep declines.In earnings news, quarterly results were mostly better-than-expected, although several companies that posted upside results still came under selling pressure.Some of the more notable names that topped expectations include Abbott Labs (ABT 53.40, -1.38) Coca-Cola (KO 44.19. +0.46), Intel (INTC 15.05, +0.88), JPMorgan Chase (JPM 38.34, -2.37) and Wells Fargo (WFC 32.76, -0.76).The S&P 500 is now up only 1.0% this week after giving up the majority of Monday's massive 11.6% gain. The index is still up 8.1% from its multi-year intraday low reached last Friday.DJ30 -733.08 NASDAQ -150.68 NQ100 -8.8% R2K -9.5% SP400 -9.7% SP500 -90.17 NASDAQ Adv/Vol/Dec 369/2.54 bln/2401 NYSE Adv/Vol/Dec 340/1.68 bln/2848 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(10-14-08) DOW -76.62 –18.1% for previous week NASDAQ –65.24 –15.3% for previous week S&P –5.34 –18.3% for previous week [CLOSE- OIL $81.20 (RECORD TRADING HIGH $147.27) GAS $3.35 (reg. gas in LAND OF FRUITS AND NUTS $3.45 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $839.51/ SILVER $11.06/ PLATINUM $1,033/ DOLLAR= .72 EURO, 101 YEN, .56 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.07% ..… AP Business Highlights … ] Absolutely, Absurdly, Ridiculous! Modest losses relative to reality with near 300 point upswing into the close on bad news including record budget deficit at $454 billion and much worse next year, they’re treating symptoms not the problems so good money after bad, substantial unwinding of derivatives and market manipulation by programmed stock purchases, u.s. gov’t selling treasuries to finance debacle pushing interest rates higher so sell/take profits, The Wall Street Coup and the Bailout Scam Bailout $700 billion yet national debt increased by over $1 trillion,They socialize their losses and privatize their gains ….. How is this happening? Paulson Doles Out $125 Billion to Wall Street Elite What a total fraud/scam! A Trillion Dollar Bait and Switch: The Bailout and the Smell Test This is a secular bear market – check out the cycles. Roubini Sees Worst Recession in 40 Years, Rally’s End , previously motek’s expert Art Hogan says crisis not over, daaaaah!, buuuttt and for the first time sounds like a typical wall street shill and loses all credibility thereby, while another non-Motek expert says will retest lows which is euphemistically correct while pointing to comparable spike/decline in 1929 et seq. Great Depression scenario , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , b.s. talking points and all based upon other nations, Europe and Asia like lemmings again following america into the abyss (Iraq, etc.) since none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come and remember, fool you once, shame on the wall street frauds who should be in prison, fool you twice, shame on you and you’re screwed, as this and previous session’s programmed buy trades to keep the suckers sucked in and commission dollars flowing (the shameless wall street frauds made hundreds of millions last week and today on high then moderate volume as government/banks closed for holiday), thousand point swings to the upside- I don’t think so, as yet again those needful things on wall street get even MORE, MORE, MORE, MORE, MORE for the poor (not really, in light of the mega billions in fraudulently derived commissions, bonuses, compensation, which should and must be disgorged through prosecution) frauds on wall street, retail down, unemployment at recession levels, modest losses relative to reality so sell into strength/take profits, get your money out while you can and don’t forget that the worthless hyperinflationary Weimar dollars they’re printing like mad will, like the current fraud unraveling, come home to roost [Rogers: Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are, any wild-eyed purported gains to come illusory/non-existent at best and further, national (and consumer) debt and lack of industrial/manufacturing base/trade deficits make previous recovery comparisons preposterous, Motek’s expert says on-going bear market since 2000 (market down 75% as measured in gold) with continued massive liquidations to pay off debt and that attempts to reflate with bailouts will fail culminating in hyperinflationary depression, while another expert says stocks could slug around at bottom for extended period, while Financial Times Editor says most volatile day ever, not at tradable bottom, and this was a market crash at –40% from top. GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil up, Motek’s expert Bogel of Vanguard fame points to speculative measure for wall street in 1929 as 280 which is even below and not as bad as the current measure of 320 in year 2008 indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the Worst S&P Decline in History ,on top of previous sessions needful things on wall street saying MORE, taxpayer money to bail them out for their consummate fraud, etc., MORE now EU/Asian/fed/taxpayers’ cooperation/contribution for their past, present and future frauds, etc., to keep their ponzi-like scheme of worthless paper moving; how about prosecution, prison, fines, and disgorgement for these mega billion dollar frauds, as 500 point swing to the upside into the close (get your money out while you can-sell into strength/rallies/take profits) on yet another b.s. talking point (I don’t think so and neither does Cramer says Get Out Of The Market ) as Motek’s expert apparently shell-shocked talks in terms of washout levels while another says bailout will take about 4 weeks to implement and not sure if same will work [WON’T! There are trillions (some say in the hundreds of trillions) of the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce exposure to equities in favor of ie., money market treasuries, previous day buy on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as economy loses more than expected 159,000 jobs, Motek’s economist/expert/trader says serious economic issues remain and cites ’73 to ’74 when market fell 45% top to bottom while securities expert says now focus is on fundamentals and not a pretty picture and cautions about dilution, get your money out while you can-sell into strength/rallies/take profits-that’s what they did , previously hopes for fraudulent $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! wall street fraud/criminal bailout “Grand Larceny” on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It? can’t change reality as unemployment numbers highest in 7 years, factory orders decline to lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point previous day gain with all seriously negative news including sales drops of 16% at GM and 35% at Ford so sell into these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , U.S. Sept. ISM manufacturing index plunges to 43.5% (worst since 1955), Bailout Would Only Prolong Crisis: Jim Rogers ,except for scandal-scarred corrupt commerce department which reported unexpected rise in consumer sentiment (riiiiight…things are so hunky-dory), all news decidedly negative with home prices falling an unexpected record 16.3 %, etc. Bailout marks Karl Marx’s comeback This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: The stock market saw some swings on Tuesday, eventually settling with a modest loss, after the government's latest financial relief efforts were offset over fears that the broader economy will still face challenges. Some investors decided to take some money off the table following the previous session's massive gains, which added to the selling pressure.The S&P 500 opened at its highs with a 4.1% gain, fell to a loss of 3.1% in the final hour of trade and then recovered to finish with a modest loss of 0.5%.Eight of the ten economic sectors posted a gain. A strong 6.4% advance in financials, aided by the government's relief plan, helped offset weakness in tech (-3.9%), materials (-3.0%) and small-cap stocks (-2.9%). The weakness in tech caused the Nasdaq to underperform with a loss of 3.5%.With regard to the governments efforts, the Treasury will buy up to $250 billion in preferred stock from qualifying U.S. financial institutions, with the funds and authority coming from the $700 billion plan authorized by Congress earlier this month. To participate in the program, financial institutions will have to agree to executive compensation limits, including the elimination of golden parachutes. Participation in the program is voluntary, although it appears that firms will be taking the Treasury up on its offer. Nine of the largest financial institutions in the world will receive $125 billion, including Bank of America (BAC 26.42, +3.63), Citigroup (C 18.70, +2.95), JPMorgan Chase (JPM 40.80, -1.19), Morgan Stanley (MS 21.96, +3.86) and Wells Fargo (WFC 33.25, +2.85).In addition, the FDIC will guarantee the newly issued unsecured debt from banks through June 30, 2012. Meaning that if a bank fails, holders of newly issued debt will be paid by the FDIC. This includes interbank lending, which had seized up as banks hoarded cash. Separately, noninterest bearing deposit accounts will now be fully guaranteed, up from the current limit of $250,000, until the end of 2009.The U.S. government's plans are similar to action taken in Europe yesterday.Credit markets showed some signs of improvement, although they remain tight. Dollar Libor -- the rate that banks charge each for short-term loans -- fell across all terms. The Ted Spread fell 21 basis points to 4.36%. The TED spread measures the difference between what banks charge each other for three month loans (three month Libor) and what the Treasury pays (3-month T-bill).Earnings were mixed. Johnson & Johnson (JNJ 64.97, +2.29) posted third quarter earnings growth that topped estimates and raised its full year outlook. Conversely, PepsiCo (PEP 53.90, -7.87) reported smaller-than-expected earnings per share growth, excluding nonrecurring items, gave a downside full-year earnings outlook and announced job cuts.In commodity trading, oil prices came under selling pressure in conjunction with the pullback stocks, settling with a 2.3% loss at $79.35 per barrel after being up as much as 4.5%. Commodities as a whole fell 0.8%.Treasury prices declined as the government's plan helped calm financial markets. The 10 year note fell 24 ticks, sending its yield above 4% for the first time since August.DJ30 -76.62 NASDAQ -65.24 NQ100 -4.5% R2K -2.8% SP400 -2.3% SP500 -5.34 NASDAQ Adv/Vol/Dec 908/2.74 bln/1751 NYSE Adv/Vol/Dec 1715/1.64 bln/1475 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(10-13-08) 9,387.61 DOW +936.42 –18.1% for previous week 1,844.25 NASDAQ +194.74 –15.3% for previous week 1,003.35 S&P +104.13 –18.3% for previous week [CLOSE- OIL $81.20 (RECORD TRADING HIGH $147.27) GAS $3.35 (reg. gas in LAND OF FRUITS AND NUTS $3.48 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $853/ SILVER $10.65/ PLATINUM $958/ DOLLAR= .72 EURO, 101 YEN, .56 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.86% ..… AP Business Highlights … ] Absolutely, Absurdly, Ridiculous! Motek’s expert Art Hogan says crisis not over, daaaaah!, buuuttt and for the first time sounds like a typical wall street shill and loses all credibility thereby, while another non-Motek expert says will retest lows which is euphemistically correct while pointing to comparable spike/decline in 1929 et seq. Great Depression scenario , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , b.s. talking points and all based upon other nations, Europe and Asia like lemmings again following america into the abyss (Iraq, etc.) since none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come and remember, fool you once, shame on the wall street frauds who should be in prison, fool you twice, shame on you and you’re screwed, as this and previous session’s programmed buy trades to keep the suckers sucked in and commission dollars flowing (the shameless wall street frauds made hundreds of millions last week and today on high then moderate volume as government/banks closed for holiday), thousand point swings to the upside- I don’t think so, as yet again those needful things on wall street get even MORE, MORE, MORE, MORE, MORE for the poor (not really, in light of the mega billions in fraudulently derived commissions, bonuses, compensation, which should and must be disgorged through prosecution) frauds on wall street, retail down, unemployment at recession levels, modest losses relative to reality so sell into strength/take profits, get your money out while you can and don’t forget that the worthless hyperinflationary Weimar dollars they’re printing like mad will, like the current fraud unraveling, come home to roost [Rogers: Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are, any wild-eyed purported gains to come illusory/non-existent at best and further, national (and consumer) debt and lack of industrial/manufacturing base/trade deficits make previous recovery comparisons preposterous, Motek’s expert says on-going bear market since 2000 (market down 75% as measured in gold) with continued massive liquidations to pay off debt and that attempts to reflate with bailouts will fail culminating in hyperinflationary depression, while another expert says stocks could slug around at bottom for extended period, while Financial Times Editor says most volatile day ever, not at tradable bottom, and this was a market crash at –40% from top. GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil up, Motek’s expert Bogel of Vanguard fame points to speculative measure for wall street in 1929 as 280 which is even below and not as bad as the current measure of 320 in year 2008 indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the Worst S&P Decline in History ,on top of previous sessions needful things on wall street saying MORE, taxpayer money to bail them out for their consummate fraud, etc., MORE now EU/Asian/fed/taxpayers’ cooperation/contribution for their past, present and future frauds, etc., to keep their ponzi-like scheme of worthless paper moving; how about prosecution, prison, fines, and disgorgement for these mega billion dollar frauds, as 500 point swing to the upside into the close (get your money out while you can-sell into strength/rallies/take profits) on yet another b.s. talking point (I don’t think so and neither does Cramer says Get Out Of The Market ) as Motek’s expert apparently shell-shocked talks in terms of washout levels while another says bailout will take about 4 weeks to implement and not sure if same will work [WON’T! There are trillions (some say in the hundreds of trillions) of the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce exposure to equities in favor of ie., money market treasuries, previous day buy on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as economy loses more than expected 159,000 jobs, Motek’s economist/expert/trader says serious economic issues remain and cites ’73 to ’74 when market fell 45% top to bottom while securities expert says now focus is on fundamentals and not a pretty picture and cautions about dilution, get your money out while you can-sell into strength/rallies/take profits-that’s what they did , previously hopes for fraudulent $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! wall street fraud/criminal bailout “Grand Larceny” on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It? can’t change reality as unemployment numbers highest in 7 years, factory orders decline to lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point previous day gain with all seriously negative news including sales drops of 16% at GM and 35% at Ford so sell into these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , U.S. Sept. ISM manufacturing index plunges to 43.5% (worst since 1955), Bailout Would Only Prolong Crisis: Jim Rogers ,except for scandal-scarred corrupt commerce department which reported unexpected rise in consumer sentiment (riiiiight…things are so hunky-dory), all news decidedly negative with home prices falling an unexpected record 16.3 %, etc. Bailout marks Karl Marx’s comeback This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: The S&P 500 posted its largest percent gain in 69-years on Monday, snapping an eight session losing streak in the process. The rebound was fueled by several governments taking steps to shore up the financial system and Morgan Stanley (MS 17.99, +8.31) completing its deal to receive a capital infusion from a Japanese bank.The S&P 500 surged 11.6% in broad-based buying interest and ended the day at sessions highs following a late-session surge. The Dow rose 936 points -- its largest point gain ever and largest percent gain since 1933. All ten of the economic sectors rallied, with gains ranging from 7.2% (industrials) and 18.5% (energy). Overseas markets also rallied, Hong Kong's Hang Seng spiked 10.1%, and Europe's Eurostoxx 600 rose 9.9%.With regard to the global efforts to help the financial markets, the Fed and other central banks announced plans to provide as much dollar liquidity as needed in short-term funding markets. The 15 eurozone countries said they will guarantee new bank debt until the end of 2009. In addition, several European countries announced plans to guarantee interbank landing and directly inject capital in financial firms. The U.K. government plans to inject up to $63 billion in three U.K. banks.The U.S. is expected to outline a comprehensive plan of its own as soon as Tuesday, and is likely to include interbank lending and bank debt guarantees, and direct capital injections in financial institutions.Investors will have a clearer picture of how credit markets will react to the measures on Tuesday when banks and the Treasury markets reopen. They were closed on Monday in observance of Columbus Day.Morgan Stanley and Mitsubishi UFJ Financial confirmed the closing of a $9 billion, or 21%, investment in MS, relieving some market concerns that the deal would fall apart due to a recent plunge in shares of MS. Under the terms of the renegotiated deal, MUFG acquired $7.8 billion perpetual noncumulative convertible preferred stock at a 10% dividend and a conversion price of $25.25. MUFG also acquired $1.2 billion of perpetual noncumulative nonconvertible preferred stock with a 10% dividend.The financial sector rose 10.2% with the investment banking and brokerage industry group soaring 26.8%.The improved outlook of investors was apparent in commodity trading, with the CRB Index climbing 3.0% as oil rose 5.3% to $81.85 per barrel. Conversely, gold prices fell 1.9% to $838.90 per ounce.Although buying interest was mostly broad-based with 96% S&P 500 components posting a gain, not all stocks participated. General Electric (GE 21.37, -0.13) fell 0.6% despite its diversified business. GE considered seeking a bank charter in order to access government lending channels, Reuters reported, citing sources familiar with the situation.The S&P 500 has spiked 19.5% from its multi-year intraday low reached on Friday. The index is down 31.7% year-to-date and down 36.3% from its October 2007 all-time high.DJ30 +936.42 NASDAQ +194.74 NQ100 +12.6% R2K +9.3% SP400 +10.5% SP500 +104.13 NASDAQ Adv/Vol/Dec 2166/2.60 bln/357 NYSE Adv/Vol/Dec 3029/1.82 bln/158 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(10-10-08) 8,451.19 DOW -128 –18.1% for week 1,649.51 NASDAQ +4.39 –15.3% for week 899.22 S&P –10.70 –18.3% for week [CLOSE- OIL $77.70 (RECORD TRADING HIGH $147.27) GAS $3.35 (reg. gas in LAND OF FRUITS AND NUTS $3.48 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $859/ SILVER $10.65/ PLATINUM $958/ DOLLAR= .74 EURO, 100 YEN, .58 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.88% ..… AP Business Highlights … ] Absolutely, Absurdly, Ridiculous! Programmed buy trades into the close to keep the suckers sucked in and commission dollars flowing (the shameless wall street frauds made hundreds of millions this week on high volume), thousand point swings to the upside-I don’t think so, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , as yet again those needful things on wall street say yet even MORE, MORE, MORE, MORE, MORE for the poor (not really, in light of the mega billions in fraudulently derived commissions, bonuses, compensation, which should and must be disgorged through prosecution) frauds on wall street, retail down, unemployment at recession levels, modest losses relative to reality so sell into strength/take profits, get your money out while you can and don’t forget that the worthless hyperinflationary Weimar dollars they’re printing like mad will, like the current fraud unraveling, come home to roost [Rogers: Global Bankers Have Unleashed Hyperinflationary Holocaust ] making, assuming arguendo there are, any wild-eyed purported gains to come illusory/non-existent at best and further, national (and consumer) debt and lack of industrial/manufacturing base/trade deficits make previous recovery comparisons preposterous, Motek’s expert says on-going bear market since 2000 (market down 75% as measured in gold) with continued massive liquidations to pay off debt and that attempts to reflate with bailouts will fail culminating in hyperinflationary depression, while another expert says stocks could slug around at bottom for extended period, while Financial Times Editor says most volatile day ever, not at tradable bottom, and this was a market crash at –40% from top. GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low , Roubini: Rate Cuts Temporarily and Minimally Reduce Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil up, Motek’s expert Bogel of Vanguard fame points to speculative measure for wall street in 1929 as 280 which is even below and not as bad as the current measure of 320 in year 2008 indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the Worst S&P Decline in History ,on top of previous sessions needful things on wall street saying MORE, taxpayer money to bail them out for their consummate fraud, etc., MORE now EU/Asian/fed/taxpayers’ cooperation/contribution for their past, present and future frauds, etc., to keep their ponzi-like scheme of worthless paper moving; how about prosecution, prison, fines, and disgorgement for these mega billion dollar frauds, as 500 point swing to the upside into the close (get your money out while you can-sell into strength/rallies/take profits) on yet another b.s. talking point (I don’t think so and neither does Cramer says Get Out Of The Market ) as Motek’s expert apparently shell-shocked talks in terms of washout levels while another says bailout will take about 4 weeks to implement and not sure if same will work [WON’T! There are trillions (some say in the hundreds of trillions) of the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce exposure to equities in favor of ie., money market treasuries, previous day buy on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as economy loses more than expected 159,000 jobs, Motek’s economist/expert/trader says serious economic issues remain and cites ’73 to ’74 when market fell 45% top to bottom while securities expert says now focus is on fundamentals and not a pretty picture and cautions about dilution, get your money out while you can-sell into strength/rallies/take profits-that’s what they did , previously hopes for fraudulent $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! wall street fraud/criminal bailout “Grand Larceny” on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It? can’t change reality as unemployment numbers highest in 7 years, factory orders decline to lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point previous day gain with all seriously negative news including sales drops of 16% at GM and 35% at Ford so sell into these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , U.S. Sept. ISM manufacturing index plunges to 43.5% (worst since 1955), Bailout Would Only Prolong Crisis: Jim Rogers ,except for scandal-scarred corrupt commerce department which reported unexpected rise in consumer sentiment (riiiiight…things are so hunky-dory), all news decidedly negative with home prices falling an unexpected record 16.3 %, etc. Bailout marks Karl Marx’s comeback This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: The stock market posted its eighth consecutive loss in an extremely volatile session, which marked a fitting end to one of the most tumultuous weeks ever. The S&P 500 settled with a loss of 1.2%, which was actually a pretty decent result considering how far it was down at session lows.The S&P 500 plunged 7.7% on the open with global economic fears driving the selling interest. The index then quickly bounced back into positive territory, only to retreat toward session lows in afternoon trade. Then, in the final hour of the session, the S&P 500 rebounded from a loss of 7.3% to a gain of 2.9%, and eventually ended the day with a loss of 1.2%. Trading volume on the NYSE was one the third heaviest on record, with 2.95 billion shares exchanging hands.Eight of the ten economic sectors posted a loss. Small-cap stocks outperformed, with the Russell 2000 surging 4.7%.Continued tightness of credit markets and uncertainty regarding the economic outlook fueled the volatility. The TED spread, which is the difference between what banks charge each other for three-month dollar loans (three-month Libor) and what the government pays (three-month T-Bill) rose 40 basis points to 4.64%. For comparison, the TED spread averaged 0.36% in 2006. The volatility index, which is considered to reflect market fear, spiked to its highest level on record.Overseas stock markets, which closed before the U.S. stock market rebounded, saw some of their worst sessions in decades. In Asian trading, Japan's Nikkei fell 9.6% and Hong Kong's Hang Seng dropped 7.2%. In Europe, London's FTSE fell 8.9%, Germany's DAX dropped 7.0% and France's CAC declined 7.7%.In corporate news, Lehman Brothers bonds were priced at 8.63 cents on the dollar during an auction by credit default swap (CDS) sellers, according to Creditfixings.com. In other words, firms that sold protection against Lehman defaulting on its debt, known as CDS, will be forced to pay 91.37 cents on the dollar to reimburse those who bought the protection -- resulting in steep losses for the firms that sold CDS.Separately, Morgan Stanley (MS 9.68, -2.77) and Goldman Sachs (GS 88.80, -12.55) tumbled 22.3% and 12.4%, respectively, after the long-term credit ratings of both companies were put on review for a downgrade at Moody's.Still, the financial sector (7.0%) outperformed, as traders scooped up the recently beaten up shares of real estate investment trusts, regional banks (+9.5%) and large diversified firms (+10.2%), such as JPMorgan Chase (JPM 41.64, +4.96) and Citigroup (C 14.11, +1.18).In earnings news, General Electric (GE 21.50, +2.49) posted a 10% year-over-year drop in third quarter earnings per share to $0.45, which met estimates. The company also said it is on track to meet its full year guidance and will maintain its dividend for the full year. Shares of GE rallied 13%, helping the industrial sector outperform with a gain of 1.8%.Commodities plunged 6.7% and oil prices fell 6.9% to $80.61 per barrel as traders speculated a global economic slowdown will crimp consumption. The dollar advanced 1.6%, which also played a role in some of the decline in commodities.The drop in oil prices weighed on energy stocks, which fell 8.1%.For the week, the Dow, Nasdaq and S&P 500 declined 18.2%, 15.3% and 18.2%, respectively. For the year, the Dow, Nasdaq and S&P 500 are down 36.3%, 37.8% and 38.8%, respectively. DJ30 -128.00 NASDAQ +4.39 NQ100 -0.4% R2K +4.7% SP400 +0.2% SP500 -10.70 NASDAQ Adv/Vol/Dec 1356/4.17 bln/1393 NYSE Adv/Vol/Dec 1122/2.95 bln/2284 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(10-9-08) 8,579.19 DOW -678.91 1,645.13 NASDAQ –95.21 909.92 S&P –75.02 [CLOSE- OIL $86.62 (RECORD TRADING HIGH $147.27) GAS $3.53(reg. gas in LAND OF FRUITS AND NUTS $3.58 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $886.51/ SILVER $11.88/ PLATINUM $989/ DOLLAR= .73 EURO, 98 YEN, .58 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.78% ..… AP Business Highlights … ] Yet again those needful things on wall street say yet even MORE, MORE, MORE, MORE for the poor (not really, in light of the mega billions in fraudulently derived commissions, bonuses, compensation, which should and must be disgorged through prosecution) frauds on wall street , Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low , retail down, unemployment at recession levels, previous session sees modest losses relative to reality so sell into strength/take profits, get your money out while you can Roubini: Rate Cuts Temporarily and Minimally Reduce Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' , dollar down, oil up, Motek’s expert Bogel of Vanguard fame points to speculative measure for wall street in 1929 as 280 which is even below and not as bad as the current measure of 320 in year 2008 indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the Worst S&P Decline in History ,on top of previous sessions needful things on wall street saying MORE, taxpayer money to bail them out for their consummate fraud, etc., MORE now EU/Asian/fed/taxpayers’ cooperation/contribution for their past, present and future frauds, etc., to keep their ponzi-like scheme of worthless paper moving; how about prosecution, prison, fines, and disgorgement for these mega billion dollar frauds, as 500 point swing to the upside into the close (get your money out while you can-sell into strength/rallies/take profits) on yet another b.s. talking point (I don’t think so and neither does Cramer says Get Out Of The Market ) as Motek’s expert apparently shell-shocked talks in terms of washout levels while another says bailout will take about 4 weeks to implement and not sure if same will work [WON’T! There are trillions (some say in the hundreds of trillions) of the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce exposure to equities in favor of ie., money market treasuries, previous day buy on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as economy loses more than expected 159,000 jobs, Motek’s economist/expert/trader says serious economic issues remain and cites ’73 to ’74 when market fell 45% top to bottom while securities expert says now focus is on fundamentals and not a pretty picture and cautions about dilution, get your money out while you can-sell into strength/rallies/take profits-that’s what they did , previously hopes for fraudulent $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! wall street fraud/criminal bailout “Grand Larceny” on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It? can’t change reality as unemployment numbers highest in 7 years, factory orders decline to lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point previous day gain with all seriously negative news including sales drops of 16% at GM and 35% at Ford so sell into these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , U.S. Sept. ISM manufacturing index plunges to 43.5% (worst since 1955), Bailout Would Only Prolong Crisis: Jim Rogers ,except for scandal-scarred corrupt commerce department which reported unexpected rise in consumer sentiment (riiiiight…things are so hunky-dory), all news decidedly negative with home prices falling an unexpected record 16.3 %, etc. Bailout marks Karl Marx’s comeback This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: Stocks finished the session near their lows Thursday, despite beginning the trading day with healthy gains. A late-session sell-off took the Dow to its lowest level in more than five years and a long-time Dow component to its worst point since 1950. Trading was upbeat early on when tech bellwether IBM (IBM 89.00, -1.55) preannounced a third quarter earnings surprise, central banks in the Far East cut interest rates, and investors assessed comments from the Treasury that indicated it may inject capital directly into banks. Dow component IBM gave investors some temporary reassurance that the tech sector hasn't turned over. IBM said that third quarter earnings would total $2.05 per share, which is more than analysts were expecting. On the downside, the company did fall short of the consensus revenue forecast, but stated it remains confident it will hit its full-year earnings forecast of $8.75 per share. Tech posted a gain for much of the session, but finished 3.4% lower. Central banks in South Korea, Hong Kong and Taiwan all moved to cut target interest rates, according to Financial Times. The move came just one day after the Federal Reserve and several other major central banks slashed interest rates in a coordinated effort to mitigate economic risks. Investors reacted to a speech made yesterday by Treasury Secretary Paulson that the recently approved $700 billion emergency financial rescue plan would permit direct capital infusions into banks. Reuters reported injections could start as soon as the end of the month. Despite the plan's intent to help shore up balance sheets at financial companies, the sector was hit with heavy selling pressure. It was up 3.6% early on, but closed 11.7% lower as every one of its industry groups floundered. Losses were most significant among regional banks (-15.2%), investment banks and brokers (-15.7%), and insurance companies (-16.8%). Part of the ongoing efforts to shore up the financial system have the New York Fed entering into an agreement with subsidiaries of AIG (AIG 2.39, -0.80). Their agreement calls for the subsidiaries to exchange investment grade fixed income securities for up to $37.8 billion in cash. The energy sector (-11.4%) also posted deep losses. The downturn is generally owed to fear of demand destruction for oil amid slower economic activity. In turn, oil futures were recently indicated below $85 per barrel, down nearly 12% year-to-date. That has OPEC calling for an emergency meeting Nov. 18. It is being presumed that OPEC will agree to cut production. Thursday marked the first session after the ban on short-selling certain financial stocks expired. The ban was originally limited to 799 financial stocks, but was later expanded to include some nonfinancial companies, such as Dow component General Motors (GM 4.76 -2.15). Shares of GM have been consistently listed on the Dow since 1925, but slumped to their lowest level since 1950 as participants assess the challenges facing the company. GM was placed on CreditWatch Negative at Standard & Poor's as the firm assessed the weakening state of global automotive markets, along with capital market conditions that remain challenging. Heavy selling pressure pushed the Dow well below 9000. The index has not been that low since mid-2003. The session's action also had the volatility index, VIX, above 60 for the first time ever. The latest initial claims report was generally relegated to the back burner since it didn't bring any surprises. Claims for the week ended Oct. 4 fell 20,000 to 478,000, which is generally in-line with the consensus estimate of 475,000. The four-week moving average bumped up to 482,500 and continuing claims hit 3.66 million from 3.60 million the week before. DJ30 -678.91 NASDAQ -95.21 SP500 -75.02 NASDAQ Adv/Vol/Dec 470/2.99 bln/2515 NYSE Adv/Vol/Dec 205/2.00 bln/2859 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(10-8-08) 9,258.10 DOW -189.01 1,740.33 NASDAQ –14.55 984.94 S&P –11.29 [CLOSE- OIL $88.64 (RECORD TRADING HIGH $147.27) GAS $3.53(reg. gas in LAND OF FRUITS AND NUTS $3.58 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $889.74/ SILVER $11.58/ PLATINUM $989/ DOLLAR= .73 EURO, 100 YEN, .57 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.69% ..… AP Business Highlights … ] Modest losses relative to reality so sell into strength/take profits, get your money out while you can Roubini: Rate Cuts Temporarily and Minimally Reduce Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' as yet again those needful things on wall street say even MORE, MORE, MORE for the poor (not really, in light of the mega billions in fraudulently derived commissions, bonuses, compensation, which should and must be disgorged through prosecution) frauds on wall street, dollar down, oil up, Motek’s expert Bogel of Vanguard fame points to speculative measure for wall street in 1929 as 280 which is even below and not as bad as the current measure of 320 in year 2008 indicative of the ridiculousness of the wall street debacle, It's Not You, It's the Market - Now Officially the Worst S&P Decline in History ,on top of previous sessions needful things on wall street saying MORE, taxpayer money to bail them out for their consummate fraud, etc., MORE now EU/Asian/fed/taxpayers’ cooperation/contribution for their past, present and future frauds, etc., to keep their ponzi-like scheme of worthless paper moving; how about prosecution, prison, fines, and disgorgement for these mega billion dollar frauds, as 500 point swing to the upside into the close (get your money out while you can-sell into strength/rallies/take profits) on yet another b.s. talking point (I don’t think so and neither does Cramer says Get Out Of The Market ) as Motek’s expert apparently shell-shocked talks in terms of washout levels while another says bailout will take about 4 weeks to implement and not sure if same will work [WON’T! There are trillions (some say in the hundreds of trillions) of the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce exposure to equities in favor of ie., money market treasuries, previous day buy on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as economy loses more than expected 159,000 jobs, Motek’s economist/expert/trader says serious economic issues remain and cites ’73 to ’74 when market fell 45% top to bottom while securities expert says now focus is on fundamentals and not a pretty picture and cautions about dilution, get your money out while you can-sell into strength/rallies/take profits-that’s what they did , previously hopes for fraudulent $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! wall street fraud/criminal bailout “Grand Larceny” on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It? can’t change reality as unemployment numbers highest in 7 years, factory orders decline to lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point previous day gain with all seriously negative news including sales drops of 16% at GM and 35% at Ford so sell into these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , U.S. Sept. ISM manufacturing index plunges to 43.5% (worst since 1955), Bailout Would Only Prolong Crisis: Jim Rogers ,except for scandal-scarred corrupt commerce department which reported unexpected rise in consumer sentiment (riiiiight…things are so hunky-dory), all news decidedly negative with home prices falling an unexpected record 16.3 %, etc. Bailout marks Karl Marx’s comeback This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: Stocks traded in an extremely volatile manner on Wednesday as investors digested a coordinated global interest rate cut, economic concerns and turmoil in the financial markets. The S&P 500 settled with a loss of 1.1% after a surge in selling interest in the final half-hour of trade sank stocks from a 2% gain. The S&P 500 traded as high as 2.5% and down as much as 2.5%. Eight of the ten economic sectors posted a loss in heavy trading volume.The Federal Reserve, European Central Bank, Bank of England, Swiss National Bank, Bank of Canada, and Sveriges Riksbank (Sweden) made an emergency intermeeting coordinated 50 basis point rate cut. Increased economic risks and moderating inflation pressures warranted the move in an effort to improve liquidity and reduce strains in the financial market, the Fed said. The fed funds rate is now at 1.50%, and the discount rate is at 1.75%.The move to cut interest rates came as global equities tumbled due to tight credit markets and economic worries. Japan's Nikkei plummeted 9.4% and Hong Kong's Hang Seng dropped 8.2%. Europe fell 6.0% as its financial institutions remain troubled -- Britain announced a plan to bailout its banking system, which included a pledge for $87 billion in direct support for eight major banks, according to reports.In corporate news, Bank of America (BAC 21.97, -1.80) fell 7.6% after its $10 billion common stock offering was priced at a 7.5% discount to yesterday's closing level and a 31.7% discount to BofA's closing level on Monday. BofA plunged more than 25% on Tuesday after announcing disappointing third quarter earnings, giving a dour outlook, cutting its dividend by 50% and announcing the $10 billion common stock offering.The financial sector (-3.0%) ended the session as a laggard after giving up a 3.9% gain in late-session selling pressure as investors were aware that the SEC short-selling ban is scheduled to expire at midnight tonight.Dow component Alcoa (AA 14.60, -2.11) marked the start of the third quarter earnings season on a negative note after the aluminum maker's results fell well short of expectations. Third quarter earnings per share dropped 40% year-over-year due to falling aluminum prices, softening demand and higher costs.Despite the weakness in Alcoa, the material sector outperformed with a gain of 2.6%. Agriculture chemical company Monsanto (MON 81.63, +7.45) pleased investors with its quarterly earnings report.Several retailers reported a decline in September same-store sales and cut their third quarter earnings outlook. Wal-Mart (WMT 54.57, -0.27) and Costco (COST 56.89, -0.91) both posted solid growth, however, benefiting from bargain-hunting consumers.In commodity trading, oil prices saw large swings, moving largely in tandem with stocks, as traders speculated how the global economic turmoil will impact demand. The government's weekly energy inventory data showed larger-than-expected increases in crude and gasoline stockpiles. Oil prices fell 1.6% to $88.64 per barrel.Despite the economic turmoil and uncertainty, Treasuries came under selling pressure after the government sold additional debt to meet high investor demand, according to reports. The 10-year note dropped 46 ticks to send its yield up to 3.67%.The S&P 500 has posted six consecutive losses -- the longest losing streak since 2002.DJ30 -189.01 NASDAQ -14.55 NQ100 +0.1% R2K -2.2% SP400 -1.2% SP500 -11.29 NASDAQ Adv/Vol/Dec 728/3.52 bln/2054 NYSE Adv/Vol/Dec 749/2.1 bln/2451 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(10-7-08) 9,447.11 DOW -508.39 1,754.88 NASDAQ –108.08 996.23 S&P –60.66 [CLOSE- OIL $89.80 (RECORD TRADING HIGH $147.27) GAS $3.53(reg. gas in LAND OF FRUITS AND NUTS $3.58 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $883.09/ SILVER $11.53/ PLATINUM $1,015.00/ DOLLAR= .73 EURO, 101 YEN, .57 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.51% ..… AP Business Highlights … ] Those needful things on wall street say even MORE, MORE for the poor (not really, in light of the mega billions in fraudulently derived commissions, bonuses, compensation, which must be disgorged through prosecution) …frauds on wall street, on top of previous session needful things on wall street saying MORE, taxpayer money to bail them out for their consummate fraud, etc., MORE now EU/Asian/Fed/taxpayers’ cooperation/contribution for their past, present and future frauds, etc., to keep their ponzi-like scheme of worthless paper moving; how about prosecution, prison, fines, and disgorgement for these mega billion dollar frauds, as 500 point swing to the upside into the close (get your money out while you can-sell into strength/rallies/take profits) on yet another b.s. talking point (I don’t think so and neither does Cramer says Get Out Of The Market ) as Motek’s expert apparently shell-shocked talks in terms of washout levels while another says bailout will take about 4 weeks to implement and not sure if same will work [WON’T! There are trillions (some say in the hundreds of trillions) of the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce exposure to equities in favor of ie., money market treasuries, previous day buy on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as economy loses more than expected 159,000 jobs, Motek’s economist/expert/trader says serious economic issues remain and cites ’73 to ’74 when market fell 45% top to bottom while securities expert says now focus is on fundamentals and not a pretty picture and cautions about dilution, get your money out while you can-sell into strength/rallies/take profits-that’s what they did , previously hopes for fraudulent $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! wall street fraud/criminal bailout “Grand Larceny” on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It? can’t change reality as unemployment numbers highest in 7 years, factory orders decline to lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point previous day gain with all seriously negative news including sales drops of 16% at GM and 35% at Ford so sell into these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , U.S. Sept. ISM manufacturing index plunges to 43.5% (worst since 1955), Bailout Would Only Prolong Crisis: Jim Rogers ,except for scandal-scarred corrupt commerce department which reported unexpected rise in consumer sentiment (riiiiight…things are so hunky-dory), all news decidedly negative with home prices falling an unexpected record 16.3 %, etc. Bailout marks Karl Marx’s comeback This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: Tuesday marked another ugly session for stock investors as a weak outlook from Bank of America (BAC 23.77, -8.45) and cautious comments from Fed Chairman Ben Bernanke overshadowed a Federal Reserve plan to improve liquidity in short-term corporate borrowing.Stocks rose 1.5% at the open on the Fed's plan to shore up short-term corporate borrowing, but overall economic concerns quickly sank stocks. In the end, the S&P 500 plunged 5.7%, settling at its worst levels, to a new five-year low in broad-based weakness. All ten economic sectors posted a loss, with notable declines in financials (-11.5%), tech (-6.1%) and consumer discretionary (-5.7%).Fed Chairman Bernanke gave the market little to cheer about in a speech at the National Association for Business Economics annual meeting. He said that economic activity is likely to be subdued through this year and into 2009 and increases in financial market turmoil may extend the period of weak economic performance.He did leave the door open for a FOMC rate cut on Oct. 29, although fed funds futures had already priced in a cut of at least 50 basis points.Bank of America, the second largest U.S. financial firm by market cap after JPMorgan Chase (JPM 39.86, -4.14), fell 26% after preannouncing disappointing third quarter earnings and giving a dour outlook regarding the state of the economy. In an attempt to shore up capital in the face of current economic conditions, BofA is cutting its quarterly dividend by 50% to $0.32 and plans to raise $10 billion in a common stock offering.CNBC reported the common stock offering was seeing weak demand, with an expected pricing of less than $25 per share. The notion that BofA would have to sell stock at a more than 22% discount added to overall investor unease, especially in the financial sector.The commercial paper market, which many U.S. companies rely on for short-term borrowing, has been under pressure as investors flocked to the safety of Treasuries and away from money market funds. As a result, many companies found it difficult to issue commercial paper, or had to pay a high cost.In an attempt to bring down the cost of commercial paper costs and improve liquidity, the Fed announced this morning that it created a Commercial Paper Funding Facility, which will provide a liquidity backstop for the strained commercial paper market. The Fed will purchase three-month unsecured and asset-backed commercial paper from eligible issuers. The Fed said it has no limit to how much commercial paper it can buy. Separately, commodities (+1.0%) staged a modest recovery effort from Monday's 5.0% drop, aided by a 0.8% decline in the dollar. Crude prices rose 2.3% to $89.80 per barrel.The S&P 500's loss marked its fifth consecutive decline -- its longest losing streak since January. The index has fallen 14.5% over the past five sessions and is down 32.2% this year.DJ30 -508.39 NASDAQ -108.08 NQ100 -5.8% R2K -6.2% SP400 -5.4% SP500 -60.66 NASDAQ Dec/Adv/Vol 2370/434/2.82 bln NYSE Dec/Adv/Vol 2815/386/1.73 bln ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(10-6-08) 9,955.51 DOW -369.88 1,862.96 NASDAQ –84.43 1,056.89 S&P –42.34 [CLOSE- OIL $87.81 (RECORD TRADING HIGH $147.27) GAS $3.53(reg. gas in LAND OF FRUITS AND NUTS $3.58 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $866.20/ SILVER $11.29/ PLATINUM $973.20/ DOLLAR= .73 EURO, 101 YEN, .57 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.46% ..… AP Business Highlights … ] Those needful things on wall street say MORE, taxpayer money to bail them out for their consummate fraud, etc., MORE now EU cooperation for their past, present and future frauds, etc., how about prosecution, prison, fines, and disgorgement for these mega billion dollar frauds, as 500 point swing to the upside into the close (get your money out while you can-sell into strength/rallies/take profits) on yet another b.s. talking point (I don’t think so and neither does Cramer says Get Out Of The Market ) as Motek’s expert apparently shell-shocked talks in terms of washout levels while another says bailout will take about 4 weeks to implement and not sure if same will work [WON’T! There’s trillions (some say in the hundreds of trillions) of the fraudulent worthless paper out there] and points to negative economic fundamentals and says reduce exposure to equities in favor of ie., money market treasuries, previous day buy on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as economy loses more than expected 159,000 jobs, Motek’s economist/expert/trader says serious economic issues remain and cites ’73 to ’74 when market fell 45% top to bottom while securities expert says now focus is on fundamentals and not a pretty picture and cautions about dilution, get your money out while you can-sell into strength/rallies/take profits-that’s what they did , previously hopes for fraudulent $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! wall street fraud/criminal bailout “Grand Larceny” on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It? can’t change reality as unemployment numbers highest in 7 years, factory orders decline to lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point previous day gain with all seriously negative news including sales drops of 16% at GM and 35% at Ford so sell into these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , U.S. Sept. ISM manufacturing index plunges to 43.5% (worst since 1955), Bailout Would Only Prolong Crisis: Jim Rogers ,except for scandal-scarred corrupt commerce department which reported unexpected rise in consumer sentiment (riiiiight…things are so hunky-dory), all news decidedly negative with home prices falling an unexpected record 16.3 %, etc. Bailout marks Karl Marx’s comeback This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: On Monday, stocks plummeted across the world on global financial and economic concerns, although late-session buying interest helped U.S. stocks pare more than half of their losses in the final hour of trade.The Dow, Nasdaq and S&P 500 fell 3.5%, 3.8% and 4.3%, respectively, all settling at multi-year lows. Still, the end result was a huge improvement from the session's worst levels, when the Dow, Nasdaq and S&P 500 were down 7.8%, 8.8% and 8.3%, respectively.Helping stocks pare their losses was a headline that France proposed an emergency G8 meeting on the financial crisis, which increased speculation that global central banks may make a coordinated intermeeting rate cut.Overseas equity markets fared even worse than the U.S., with the DJ World Excluding U.S. Index falling 7.3% as Europe fell 7.6%The selling in Europe was driven over concerns that more bailouts of European financial institutions are needed after Germany's government stepped in to prevent the collapse of property lender Hypo Real Estate. In addition, interbank lending rates rose in European currencies as banks remain reluctant to lend to each other.Global growth concerns were prevalent in commodity trading, with the CRB Index plunging 5.2%. Oil prices dropped 5.0% to $89.15 per barrel.Meanwhile, risk averse investors bid up the prices of Treasuries in a flight-to-quality trade. The 10-year note climbed 36 ticks sending its yield down to 3.47%. On a related note, gold, which is considered a safe-haven, rallied 4.4% to $865.50 per ounce.Weakness in Europe prompted a large 1.5% rally in the dollar. The euro fell 2.2% to $1.35 and the pound declined 1.7% to $1.74.In an attempt to improve liquidity and shore up confidence, the Fed announced this morning that it is planning to double the outstanding Term Auction Facilities (TAF) balances to $900 billion. The TAFs aim to improve liquidity by allowing depository institutions to borrow from the Fed using the same collateral that is accepted at the discount window. The Fed will also start paying interest on depository institutions' required and excess reserve balances. The announcement failed to lift the stock market.The sharp declines in global stock markets induced traders to raise their bets on the size of a rate cut at the Oct. 29 FOMC meeting, with increased speculation that there will be a coordinated global central bank intermeeting rate cut. Fed funds futures suggest a 52% chance that the fed funds rate will be cut by 75 basis points.DJ30 -369.88 NASDAQ -84.43 NQ100 -4.1% R2K -3.8% SP400 -4.4% SP500 -42.34 NASDAQ Adv/Vol/Dec 418/3.45 bln/2449 NYSE Adv/Vol/Dec 231/1.95 bln/2997 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(10-3-08) DOW -157.47 NASDAQ –29.33 S&P –15.05 [CLOSE- OIL $93.88 (RECORD TRADING HIGH $147.27) GAS $3.53(reg. gas in LAND OF FRUITS AND NUTS $3.58 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $833.20/ SILVER $11.33/ PLATINUM $965/ DOLLAR= .72 EURO, 105 YEN, .56 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.58% ..… AP Business Highlights … ] Buy on rumor, sell on news (of fraud bailout) obtains, fundamentals horrendous as economy loses more than expected 159,000 jobs, Motek’s economist/expert/trader says serious economic issues remain and cites ’73 to ’74 when market fell 45% top to bottom while securities expert says now focus is on fundamentals and not a pretty picture and cautions about dilution, get your money out while you can-sell into strength/rallies/take profits-that’s what they did , previously hopes for fraudulent $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! wall street fraud/criminal bailout “Grand Larceny” on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It? can’t change reality as unemployment numbers highest in 7 years, factory orders decline to lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point previous day gain with all seriously negative news including sales drops of 16% at GM and 35% at Ford so sell into these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , U.S. Sept. ISM manufacturing index plunges to 43.5% (worst since 1955), Bailout Would Only Prolong Crisis: Jim Rogers ,except for scandal-scarred corrupt commerce department which reported unexpected rise in consumer sentiment (riiiiight…things are so hunky-dory), all news decidedly negative with home prices falling an unexpected record 16.3 %, etc. Bailout marks Karl Marx’s comeback This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: Friday marked the end of an incredible week on Wall Street. On Monday the S&P 500 fell more than 9% after Congress rejected a plan to purchase distressed assets from financial firms. By week's end, Congress approved an amended version of the plan, but traders sold the news in a concerted effort. Investors were upbeat since the sounding of Friday's opening bell, mostly confident the House of Representatives would pass the latest version of the $700 billion asset purchase plan. Participants were also encouraged by the prospect that the Fed will slash its target interest rate at its next meeting, or even convene between scheduled meetings to more quickly add liquidity to markets. The major indices were at their best levels of the session midday. At that point the Dow was up 3.0%, while the S&P 500 and the Nasdaq were each up 3.6%. The positive sentiment was enough to overshadow another dose of dour economic data. Specifically, the Department of Labor announced nonfarm payrolls were down for the ninth consecutive month. They fell 159,000 in September, exceeding the drop of 105,000 that was widely anticipated. The unemployment rate remains at an elevated 6.1%. Generally overlooked, the ISM nonmanufacturing index for September came in at a relatively neutral reading of 50.2. Though it is down a bit from the prior reading of 50.6 and slightly above the consensus reading of 50.0, it indicates steady activity. Dealings in the banking industry also helped early sentiment. Wells Fargo (WFC 34.82, -0.34) and Wachovia Bank (WB 6.21, +2.30) announced they would merger their operations in a stock-for-stock transaction valued that valued shares of WB around $7.00 each, a premium of almost 80% to the prior session's closing price. The overall transaction is valued at $15.1 billion. Though the announcement was pleasing to market participants, Citigroup (C 18.42, -4.08) contends that it violates an exclusivity agreement made when Citi agreed to acquire Wachovia's banking operations. That deal was struck earlier this week and backed by the FDIC. Separately, AIG (AIG 3.86, -0.14) announced plans to divest certain assets to refocus on core insurance businesses. The moves will help raise capital to protect against losses and pay down the credit line extended by the Federal Reserve. The news pushed shares of AIG higher early on, helping multiline insurers recover from heavy losses this week. The group was hit hard this week as investors grew concerned over their financial health. That concern grew increasingly apparent as their credit spreads widened. Multiline insurers were up almost 15% at their session high, but finished with a gain near 1.1%. The overall financial sector had climbed to a gain of 4.9%, but closed with a loss of 4.0%. The turnabout came after Congress approved an amended version of a $700 billion plan to purchase distressed assets from financial companies. A knee-jerk reaction by traders sent stocks down sharply as they sold the news of the plan's approval. The major indices remained in a funk for the remainder afternoon and finished near session lows. The retreat turned the large gains seen earlier in the session into losses near 1.5%. Friday's sell off extended this week's already massive losses. For the week, the Dow shed 7.4%, the Nasdaq dropped 10.8%, and the S&P 500 fell 9.4%. DJ30 -157.15 NASDAQ -29.33 NQ100 -1.4% R2K -2.9% SP400 -2.5% SP500 -15.04 NASDAQ Adv/Vol/Dec 730/2.51 bln/2055 NYSE Adv/Vol/Dec 1097/1.42 bln/2043 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(10-2-08) DOW -348.22 NASDAQ –92.68 S&P –46.78 [CLOSE- OIL $93.97 (RECORD TRADING HIGH $147.27) GAS $3.53(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $844.65/ SILVER $11.13/ PLATINUM $958/ DOLLAR= .71 EURO, 105 YEN, .55 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.62% ..… AP Business Highlights … ] Even hopes for fraudulent $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed misguided Not One Dime! wall street fraud/criminal bailout “Grand Larceny” on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It? can’t change reality as unemployment numbers highest in 7 years, factory orders decline to lowest level in 2 years, food prices with largest increase since 1990, previous 200 point swing to the upside on top of 485 point previous day gain with all seriously negative news including sales drops of 16% at GM and 35% at Ford so sell into these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , U.S. Sept. ISM manufacturing index plunges to 43.5% (worst since 1955), Bailout Would Only Prolong Crisis: Jim Rogers ,except for scandal-scarred corrupt commerce department which reported unexpected rise in consumer sentiment (riiiiight…things are so hunky-dory), all news decidedly negative with home prices falling an unexpected record 16.3 %, etc. Bailout marks Karl Marx’s comeback This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: The Dow made its third 300-point swing of the week Thursday. This time it finished near its worst point of the session after trending lower throughout the day. A sense of pessimism was present from the start as participants remained uncertain about the economy's direction, and whether a revised version of the $700 billion asset purchase plan will find favor in the U.S. House of Representatives. Weekly initial jobless claims remain at an elevated level and continue to suggest a weak job market. Claims for the week ending September 27 increased 1,000 to 497,000, exceeding the 475,000 claims that were expected. Part of the increase is due to hurricane-related damages. The four-week moving average increased to 474,000 from 462,500. August factory orders declined 4.0%, exceeding the widely anticipated 3.0% decline. The decline is the first since February and the largest decline since October 2006. Even though the U.S. Senate passed its version of the $700 billion asset purchase plan, many question whether the House will approve. The House has already voted down a version of the bill, which sent stocks plunging this last Monday. Additionally, the Securities Exchange Commission extended its ban on short selling certain stocks through Oct. 17. Should the financial relief plan pass, the ban will expire three business days after its enactment. The session's weakness was broad based as every economic sector finished lower. The decline was most pronounced among materials stocks (-8.0%). All 30 of its members finished with losses. Mosaic (MOS 39.65, -27.86) did its part to disappoint investors when it forecast lower phosphate sales volume in 2009. The company also posted quarterly earnings per share results that fell short of Wall Street's consensus estimate. Industrial stocks (-6.8%) also fell as General Electric (GE 22.15, -2.35) priced a share offering at $22.25 per share, representing a substantial a discount to the prior session's closing price. GE finished the session as the Dow's worst performer. Multiline insurers (-11.0%) undermined the financial sector (-4.3%) as concerns arose regarding their financial condition. Investor skepticism was particularly noticeable in their widening credit spreads. As investors remain concerned about the health of U.S. businesses and overall economic health, the price of oil dropped for the second straight session. Oil futures closed below $94 per barrel, reflecting a 4.7% drop. The decline this session pushed the commodity back into the red for the year; it is down 2.3% year-to-date. DJ30 -348.22 NASDAQ -92.68 NQ100 -4.7% R2K -5.1% SP400 -5.6% SP500 -46.78 NASDAQ Adv/Vol/Dec 497/2.21 bln/2338 NYSE Adv/Vol/Dec 504/1.51 bln/2670 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(10-1-08) DOW -20 NASDAQ -22 S&P -5 [CLOSE- OIL $98.53 (RECORD TRADING HIGH $147.27) GAS $3.53(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $887.30/ SILVER $12.77/ PLATINUM $1,065/ DOLLAR= .70 EURO, 105 YEN, .54 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.74% ..… AP Business Highlights … ] Absolutely, Absurdly, Ridiculous! A 200 point swing to the upside on top of 485 point previous day gain with all seriously negative news including sales drops of 16% at GM and 35% at Ford so sell into these rallies/strength/take profits whil you can, economist Brusca points to grim economic/financial data and outlook even with bailout, Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 , U.S. Sept. ISM manufacturing index plunges to 43.5% (worst since 1955), Bailout Would Only Prolong Crisis: Jim Rogers ,except for scandal-scarred corrupt commerce department which reported unexpected rise in consumer sentiment (riiiiight…things are so hunky-dory), all news decidedly negative with home prices falling an unexpected record 16.3 %, etc. Bailout marks Karl Marx’s comeback This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: Stocks traded in a roller coaster fashion before settling with a modest loss on Wednesday as investors digested uncertainty surrounding the government's financial relief plan, a disappointing manufacturing reading and news that Warren Buffett is making another major investment.The S&P 500 fell as much as 2.2% at its low, and climbed to a gain of 0.1% at its high, before settling with a loss of 0.5%. Helping the market pare its losses was word that Warren Buffett is investing $3 billion in General Electric (GE 24.47, -1.03).GE announced late in the afternoon that it will raise at least $12 billion in a public common stock offering and is selling $3 billion in preferred stock yielding 10% to Warren Buffett's Berkshire Hathaway (BRK.A 135,600, +5,000). Berkshire will also get $3 billion in warrants, granting the option to purchase GE at $22.25 per share within the next five years. GE's move to shore up investor confidence came after its stock fell as much as 10% earlier in the session.Financial market relief plan negotiations are ongoing. According to reports, the Senate is going to vote on its version of the plan this evening. The Senate version is said to include provisions for an increase to the FDIC's deposit insurance limit and tax breaks for business and alternative energy. It's unclear if the House of Representatives supports the plan.In economic news, manufacturing contracted by a larger-than-expected amount in September, although it does not necessary mean the broader economy is contracting, according to the Institute for Supply Management's national survey. The ISM Manufacturing Index fell to 43.5 from 49.9 (consensus 49.5) -- its lowest level since October 2001. ISM prices paid, which includes energy and food but excludes crude oil, fell a sharper-than-expected 23.5 to 53.5 (consensus 73).Private nonfarm employment fell by 8,000 in September, according to employment services firm ADP. Economists expected a drop of 50,000. The better-than-expected report had a limited impact on the market, as the ADP data has had a spotty record compared to government data. The government employment report, which includes both public and private nonfarm payrolls, is set for release on Friday. A decrease of roughly 100,000 jobs is expected.August construction spending was unchanged month-over-month, which was better than the expected decline of 0.5%, although the market paid little attention to this report. On average, construction spending has declined 0.3% each month in 2008.In commodity trading, Crude oil futures fell 2.0% to $98.61 per barrel and gasoline fell 3.7% to $2.37 per gallon. The government's weekly energy inventory report showed a larger-than-expected increase in crude inventories, and an unexpected increase in gasoline stockpiles.In the end, four of the ten economic sectors posted a gain, led by financial stocks (+2.2%).Industrials (-2.6%) was the main laggard following the weak manufacturing data. Tech (-1.1%) also faced selling pressure. IBM (IBM 110.14, -6.82) dropped 6%, the most in three years, on market speculation that the company was going to issue an earnings warning.Treasury prices rose across all constant maturities as investors remained concern about the credit markets. The benchmark 10-year note rose 24 ticks, sending its yield down to 3.73%.DJ30 -19.59 NASDAQ -22.48 NQ100 -1.9% R2K -1.2% SP400 -1.2% SP500 -5.30 NASDAQ Adv/Vol/Dec 982/1.93 bln/1780 NYSE Adv/Vol/Dec 1564/1.37 bln/1592 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(9-30-08) DOW +485.21 NASDAQ +98.60 S&P +58.35 [CLOSE- OIL $96.37 (RECORD TRADING HIGH $147.27) GAS $3.53(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $882/ SILVER $13/ PLATINUM $1,058/ DOLLAR= .68 EURO, 104 YEN, .54 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.83% ..… AP Business Highlights … ] Absolutely, Absurdly, Ridiculous! Except for scandal-scarred corrupt commerce department which reported unexpected rise in consumer sentiment (riiiiight…things are so hunky-dory), all news decidedly negative with home prices falling an unexpected record 16.3 %, etc. Bailout marks Karl Marx’s comeback This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: Tuesday's session marked the S&P 500's best day in six years after having its worst day in 21 years on Monday. Buying interest was fueled by short-covering, bargain hunting and increased optimism that the government will reach an agreement on a financial relief plan before the end of the week.The stock market settled near session highs will all ten sectors posting a gain. Financials led the way with an 13.1% gain, followed by a 5.8% rise in energy stocks. The utilities sector underperformed on a relative basis with a gain of 1.3%.The S&P's advance of 58.34 points, or 5.3%, is more than half of Monday's plummet of 106.85 points, or 8.8%. The catalyst for the selling on Monday was a rejection of the financial relief bill by the House of Representatives, which sparked concerns that the increased turmoil in the credit markets would weaken the broader economy.To that point, credit markets did in fact tighten further. Overnight dollar Libor -- which measures the rate banks charge each other for overnight loans -- spiked 431 basis points to 6.88%. Libor increased across all terms, which range from overnight to 12 months, indicating that banks were very reluctant to lend to each other.The Fed's aggressive measures to increase liquidity, including a $20 billion 28-day repo operation earlier this session, did have some benefits as the session progressed. Prior to the stock market open, the fed funds rate -- which is the interest rate that depository institutions lend their Federal Reserve balances to other depository institutions -- rose as high as 7.00%, according to Reuters. The rate then retreated to 1.50%, which is below the Fed's target rate of 2.00%.As stocks rose, Treasuries gave up much of the previous session's gains as investors showed a greater willingness to take on risk. The benchmark 10-year note dropped more than two points, sending its yield up to 3.83%.In other developments, the SEC and the Financial Accounting Standards Board will issue guidance on how assets are valued for "inactive" markets, according to Dow Jones. Presumably, if the FASB allowed financial firms to value "inactive" assets at their modeled value instead of market value, the amount of write-downs will decrease.There was not much in terms of corporate news, although there were several economic items.Consumer confidence in September unexpectedly rose 1.3 to 59.8, which was better than the expected reading of 53.0. While this headline is good news, it does not give a full picture of current sentiment as it does not capture the latest market turmoil.Manufacturing in the Chicago region continued to expand in September. Regional manufacturing survey Chicago PMI fell 1.2 to 56.7, which was better than the median economist estimate of 53.0. A reading above 50 is intended to represent growth.Home prices retreated in major metro areas in the month of July, marking the 25th consecutive month of price declines. According to the S&P/Case-Shiller 20-City Composite, July prices are down 16.3% compared to last year and fell 0.9% from June.The dollar rallied 2.6% against a basket of world currencies, getting a boost on news that another European financial firm needed to be bailed out by European governments. The strength in the dollar helped limit the gain in commodities to only 0.7%, although crude oil managed to rally 5.0% to $101.24 per barrel after dropping 10% in the previous session.The extreme moves in the stock market over the previous two sessions was a fitting end to a tumultuous third quarter. For the quarter, the Dow, Nasdaq and S&P 500 fell 4.4%, 9.2% and 9.0% respectively.DJ30 +485.21 NASDAQ +98.60 NQ100 +5.9% R2K +3.3% SP400 +4.2% SP500 +58.35 NASDAQ Adv/Vol/Dec 1763/2.36 bln/1002 NYSE Adv/Vol/Dec 2560/1.62 bln/610 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(9-29-08) DOW -777.68 NASDAQ –199.61 S&P –106.59 [CLOSE- OIL $96.37 (RECORD TRADING HIGH $147.27) GAS $3.58(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $895/ SILVER $13.05/ PLATINUM $1,065/ DOLLAR= .68 EURO, 104 YEN, .54 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.58% ..… AP Business Highlights … ] This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert... Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: The stock market posted is worst one-day percent decline in 21 years after the House of Representatives rejected the $700 billion financial relief plan.Stocks were down 3.5% at 1:30 PM ET on news that Wachovia (WB 1.84, -8.16) sold its banking operations at fire-sale prices, reports that several European financial institutions had to be bailed out and concerns that the changes made to the financial relief plan over the weekend would limit financial firm participation.The S&P 500 then plummeted to a loss of 8.8% after the House of Representatives rejected the Emergency Economic Stabilization Act by a vote of 228 to 205 against. A total of 218 votes were needed to pass. The act was expected to pass, so the stock market's reaction was decidedly negative on the fear that the economy will suffer if credit markets do not improve.Presumably, Congress will work toward a new plan to ease the financial market turmoil, although it is not clear how long it might take.To be sure, credit markets remain tight. The TED Spread -- the difference between what banks charge each other for 3-month dollar loans (3-month Libor) and what the U.S. government pays for 3-month loans (3-month T-bill) -- rose 63 basis points to 3.55%. This is the highest level since at least 1984 and indicates that banks are reluctant to lend to each other.With regard to Wachovia, Citigroup (C 18.98, -1.17) will pay Wachovia roughly $2.2 billion in stock (worth roughly $1 per WB share) for more than $700 billion of Wachovia's banking operation assets and related liabilities in an FDIC-facilitated transaction. Citi will raise $10 billion in a common stock offering and cut is dividend by 50% to help absorb the acquisition. Wachovia will continue to own brokerage AG Edwards and invesment managment firm Evergreen Investments.Overseas markets also tumbled, with clear signs that the global financial system is strained. Three European governments bailed out Belgian bank Fortis, the U.K. nationalized mortgage lender Bradford & Bingley and Germany's Hypo Real Estate Holding was rescued by a consortium, according to The Wall Street Journal.To help improve dollar liquidity, the Fed coordinated with nine central banks across the globe to more than double their swap authorization limits to $620 billion. In addition, the Fed is increasing the size of its Term Auction Facilities. The moves gave a modest improvement to credit markets, only to be overshadowed by the rejection of the financial relief plan.Investors rushed to Treasuries in a flight-to-quality bid. The 10-year note rose two points to send its yield down to 3.61% and the 30-year bond rose nearly four points to push its yield down to 4.15%. The one-month Treasury bill fell five basis points to yield only 0.05%. Likewise, gold, which is considered a safe-haven, rose 3.7% to $915.50 per ounce.Commodities as a whole tumbled 5.9% on global economic concerns. Crude oil futures fell 10.7% to $95.48 per barrel.The Dow, Nasdaq, and S&P 500 fell 7.0%, 9.1% and 8.8%, respectively, settling at session lows. The Nasdaq and S&P 500's declines were the largest since Black Monday in 1987, while the Dow posted its worst day since the September 11 attacks.All ten of the economic sectors posted a loss. The worst performing sector, financials, fell 15.9%, while the best-performing sector, consumer staples, fell 4.2%.Weakness was broad-based. Declining issues outpaced advancing issues by a whopping 55-to-1 margin on the NYSE. A total of 1.85 billion shares exchanged hands on the NYSE, with volume surging in the final minutes of trade.The S&P 500 is now down 25% year-to-date and is at its lowest level since 2004.DJ30 -777.68 NASDAQ -199.61 NQ100 -10.5% R2K -6.7% SP400 -7.3% SP500 -106.59 NASDAQ Adv/Vol/Dec 424/2.84 bln/2563 NYSE Adv/Vol/Dec 52/1.85 bln/2846 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(9-26-08) DOW +121.07 NASDAQ –3.23 S&P +3.83 [CLOSE- OIL $106.89 (RECORD TRADING HIGH $147.27) GAS $3.58(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $876/ SILVER $13.29/ PLATINUM $1,106/ DOLLAR= .67 EURO, 105 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.85% ..… AP Business Highlights … ] Absolutely, Absurdly, Ridiculous! All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: Uncertainty made its way back into the stock market Friday. Participants spent the latter part of this week awaiting approval of a federal asset purchase plan designed to help restore financial conditions. However, failure to make a speedy agreement shook investor confidence. Confidence was further shaken by the largest bank failure in U.S. history. The major indices spent the vast majority of the session in negative territory. Only in the final hour of trading did the indices spike upward. They finished at session highs. Infighting is keeping congressional leaders from approving a $700 billion plan to purchase distressed assets from financial firms, intended to restore firms' balance sheets and capital markets. While politicians remain concerned about the implications for taxpayers, Wall Street is convinced the plan serves as a positive alternative to inaction that will bode well for the overall economy. Though no details have been reached, congressional leaders repeatedly offered their assurances that an agreement will be reached. That notion began to be reflected as the session progressed, eventually giving way to a late-session rally. The improved disposition helped participants look past what is still a cloudy financial picture, in which the largest thrift in the U.S., Washington Mutual (WM 0.16, -1.53), was taken over by federal regulators. JPMorgan Chase (JPM 48.24, +4.78) stepped forward to acquire WaMu's deposits, assets, and certain liabilities from the FDIC for $1.9 billion in a government-brokered deal. JPMorgan's acquisition gives it the second largest branch network behind Bank of America (BAC 36.70, +2.33). Diversified financial service firms, effectively JPMorgan Chase, Bank of America, and Citigroup (C 20.15, +0.74), were some of the session's strongest players. The group advanced 7.5% on the presumption their strength will enable them to stave off problems in financial and credit markets, later swooping in to pick up the choicest of assets from floundering firms. Their influence helped the Dow reverse an early 1.4% loss into a 1.1% advance. Financials were down as much as 3.2% early on. The sector rallied to close 3.2% higher. In other corporate news, Research In Motion (RIMM 70.76, -26.77) posted solid revenue and net income growth for its latest quarter. However, the company's results and outlook fell short of Wall Street's heightened expectations. Investors responded by dumping shares of RIMM, shedding more than one quarter of the firm's market cap. That caused the Nasdaq to underperform. With only a few days remaining in the third quarter, economic data pertaining to the second quarter is of little issue anymore. In turn, market participants looked past lowered second quarter real GDP data. The final real GDP reading indicated the economy expanded at an annual rate of 2.8% from the prior reading of 3.3%. Real final sales of domestic product increased 4.4%. DJ30 +121.07 NASDAQ -3.23 NQ100 -0.9% R2K -0.1% SP400 -0.7% SP500 +4.09 NASDAQ Adv/Vol/Dec 1173/1.97 bln/1614 NYSE Adv/Vol/Dec 1042/1.19 bln/2110 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(9-25-08) DOW +197 NASDAQ +30 S&P +23 [CLOSE- OIL $108.02 (RECORD TRADING HIGH $147.27) GAS $3.58(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $882/ SILVER $13.28/ PLATINUM $1,195/ DOLLAR= .67 EURO, 105 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.86% ] Absolutely, Absurdly, Ridiculous! All news decisively negative as New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney (District of new jersey) who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump (Barry) and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: Stocks caught a bid Thursday as investors grew confident that a troubled-asset purchase plan will soon win Congressional approval. That notion helped participants disregard an underwhelming outlook from a corporate bellwether, downbeat economic data, and rising oil prices. Though the details of a plan to acquire troubled assets from financial firms are still being hashed out, traders are convinced a plan will soon be announced. Bolstering their case, Representative Frank and Senator Dodd indicated in a speech to the press that the plan is on track. The plan's direct impact on financial firms won the sector favor during the session. Though off its high, financials closed 2.6% higher with 69 of its 85 members making gains. Business conglomerate General Electric (GE 26.08, +1.49) stirred concern briefly this morning as investors caught word the company lowered its outlook for the third quarter and for fiscal 2008. GE also announced it has suspended its stock buyback program. The disappointment proved temporary, though, as investors assessed comments from GE chief executive Jeffrey Immelt along with word that Standard & Poor's affirmed GE's AAA rating. The stock finished higher, outperforming the broader market. In other corporate news, Nike (NKE 65.04, +5.74) and Bed Bath & Beyond (BBBY 32.19, +1.48) both saw quarterly earnings per share results decline year-over-year. Nike topped the consensus estimate, and Bed Bath & Beyond matched expectations. Their shares also outperformed the broader market. The gains Thursday were all the more impressive considering they came in the face of disappointing economic data. Durable goods orders fell 4.5% for August. Excluding transportation, orders were down 3.0%. Both were worse than expected and marked reversals from the gains registered the month before. Jobless claims for the week ending Sept. 20 were up 32,000 to 493,000, surpassing the 450,000 claims that were expected. The number included 50,000 claims related to recent hurricanes. Nonetheless, the four-week moving average climbed to 462,500 from 446,500. The data portend a ninth consecutive decline in nonfarm payrolls as job conditions remain soft. New home sales continue to disappoint. New home sales in August totaled 460,000, missing the 510,000 consensus. Month-over-month, new home sales were down 11.5%, which is substantially below the 1.0% downturn that was expected. Oil prices rebounded from an early morning loss to close with a gain. The commodity had been down roughly 2% in the early going, but closed with gains of almost 2% near $108 per barrel. The bounce in oil prices failed to undermine investor optimism as the mood remained upbeat throughout the session. DJ30 +196.89 NASDAQ +30.89 NQ100 +1.6% R2K +1.1% SP400 +1.1% SP500 +23.31 NASDAQ Adv/Vol/Dec 1664/1.86 bln/1145 NYSE Adv/Vol/Dec 2265/1.21 bln/885 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(9-24-08) DOW -29 NASDAQ +2 S&P –2 [CLOSE- OIL $105.73 (RECORD TRADING HIGH $147.27) GAS $3.58(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $895/ SILVER $13.44/ PLATINUM $1,225/ DOLLAR= .67 EURO, 105 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.82% ] Absolutely, Absurdly, Ridiculous! All news decisively negative as home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers; Motek’s expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump and now the so-called supreme court (he should have gone to jail) justice; how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) ] and he further says let the ceo’s go and some of the failed institutions fail condemning the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can. Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: Wednesday's trading was generally range bound until stocks fell to a session low shortly before the closing bell. They managed to finish near the unchanged mark as the session expired. Action was underscored by light volume as traders assessed testimonies from key financial officials and continue awaiting a clear indication whether an asset funding plan will win approval. Their reservation overshadowed a symbolic vote of confidence from a renowned investor. Famed value investor Warren Buffett gave investors encouragement this morning on word his Berkshire Hathaway (BRK.A 133,300, +4,500) bought $5 billion in perpetual preferred stock from Goldman Sachs (GS 133.00, +7.95). Berkshire will also receive warrants to purchase $5 billion of GS common stock at any time within five years. Goldman also priced a $5.0 billion common stock public offering at $123 per share. Though the investment reflected Buffett's confidence in the firm and that the government will stabilize the financial markets, traders remained wary. The Treasury's proposal to buy up to $700 billion in illiquid assets from financial institutions remains in focus. Fed Chairman Bernanke stated before the Joint Economic Committee that the stabilization of the financial system is key to an economic recovery since the crisis is affecting the broader economy. Economic activity appears to be decelerating, though Bernanke expects GDP to expand in the second half. Still, he believes it will grow below its potential rate. The primary culprit undermining economic growth has been a weak housing market. August existing home sales fell 2.2% to an annual seasonally adjusted rate of 4.91 million, according to the National Association of Realtors. Sales were expected to fall 1.2%. Treasury Secretary Paulson stated before the House Financial Services Committee that stabilizing the U.S. financial system must be done to avoid a continuing series of financial institution failures and frozen credit markets. He also stated the proposed $700 billion program is about benefiting American people since their economic well-being is at risk. Paulson stated the troubled asset purchase program is the single most effective move to help homeowners, citizens, and the economy. Government officials continue to pepper Bernanke and Paulson with questions and have yet to clearly indicate favor for the proposed plan. That has kept traders at bay. In turn, trading volume on the NYSE just passed 1 billion shares. That is only one-third of the volume seen last Friday, when the exchange posted record high volume. The S&P 500 closed the session with a 0.2% loss. It fluctuated between a gain of 0.8% and a loss of 0.7% during the session. In the end, six of the ten economic sectors finished higher, though not one provided leadership. DJ30 -29.00 NASDAQ +2.35 NQ100 +0.8% R2K -1.6% SP400 -1.1% SP500 -2.35 NASDAQ Adv/Vol/Dec 912/1.82 bln/1862 NYSE Adv/Vol/Dec 1265/1.08 bln/1873 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(9-23-08) DOW -161.52 NASDAQ –25.65 S&P –18.87 [CLOSE- OIL $106.61 (RECORD TRADING HIGH $147.27) GAS $3.58(reg. gas in LAND OF FRUITS AND NUTS $3.65 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $891.20/ SILVER $13.17/ PLATINUM $1,223/ DOLLAR= .68 EURO, 105 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.839% ] A smaller than warranted dose of reality yields still greater opportunities to sell/take profits, Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: Stocks ended lower Tuesday in a volatile session that was dominated by testimony from key financial officials.The S&P 500 settled with a loss of 1.6%, near session lows, following a late-session surge in broad-based selling interest. All ten of the economic sectors ended the day in negative territory. Volume was on the light side, with only 1.2 billion shares exchanging hands on the NYSE.Fed Chairman Bernanke, Treasury Secretary Paulson, SEC Chairman Cox and OFHEO director Lockhart testified on the current financial turmoil to the Senate Banking Committee, which included prepared remarks and a question and answer session. The majority of focus was on Paulson and Bernanke regarding the Treasury's proposed plan to alleviate the credit market turmoil by buying up to $700 billion in illiquid assets from financial firms.Bernanke said urgent action from Congress is required to stabilize the situation, or there may be "very serious consequences for our financial markets and for our economy." The Federal Reserve supports the Treasury's proposal.There was a substantial amount of banking committee member contention regarding the plan, which sparked some volatility in the stock market on concerns the size of plan may be limited, or it will take longer-than-expected to pass.The financial sector fell 1.5%.Influential Oppenheimer analyst Meredith Whitney cut her earnings estimates on several financial firms, including Bank of America (BAC 33.58, -0.57), Citigroup (C 19.52, -0.49) and Wachovia (WB 14.79, -1.81). Whitney believes any government plan has "little hope of improving core fundamentals over the near and medium term."The industrials sector (-2.5%) was a laggard. General Electric (GE 24.84, -1.31) was downgraded to Neutral from Buy at Merrill Lynch. The downgrade was prompted by Merrill's projection that GE Commercial Finance and GE Money will each see earnings fall 15% next year. As a result, GE's 2009 and 2010 earnings estimates were lowered at Merrill.The energy (-2.9%) and materials (-3.2%) sectors also saw steep declines as oil and other commodities went on the decline.Crude fell 2.3% to $106.83 per barrel this session, which followed yesterday's extremely volatile action. The Energy Information Administration confirmed that yesterday's rally in crude for October delivery, which saw prices spike as much as $25.45 to $130.00 per barrel, was due to short-covering or market manipulation.Commodities as whole declined 1.6% as the dollar gained 0.5%.Looking ahead, the Treasury's proposed $700 billion plan will once again be in focus Wednesday, with Treasury Secretary Paulson and Fed Chairman Bernanke appearing before the House Financial Services at 2:30 PM ET.DJ30 -161.52 NASDAQ -25.64 NQ100 -1.1% R2K -1.6% SP400 -1.2% SP500 -18.87 NASDAQ Adv/Vol/Dec 915/1.99 bln/1902 NYSE Adv/Vol/Dec 879/1.15 bln/2276 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(9-22-08) DOW -373 NASDAQ -95 S&P -48 [CLOSE- OIL $120.92 (RECORD TRADING HIGH $147.27) GAS $3.65(reg. gas in LAND OF FRUITS AND NUTS $3.68 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $909/ SILVER $13.45/ PLATINUM $1,238/ DOLLAR= .67 EURO, 105 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.85% ] A dose of reality but still great opportunity to sell/take profits, Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. … , Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit , Financial terrorism: US taxpayers bail out Wall Street criminals , A Bailout to Nowhere ,…Cramer had said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: The major indices were pummeled on Monday due to uncertainty over the details regarding the U.S. government’s $700 billion plan to fix the financial market turmoil and news that the two remaining major Wall Street investment banks converted to a traditional banking structure.The S&P 500 fell 3.8%, settling at session lows, with all ten of the economic sectors posting a loss. Financials fell 8.5%, and consumer discretionary stocks declined 5.0%. The dollar fell sharply, and commodities rallied.Over the weekend, Treasury Secretary Paulson submitted legislation to give the Treasury authority to spend up to $700 billion to purchase troubled assets from financial institutions, with most of the focus on residential and commercial mortgage-related assets. The Treasury believes the plan will address the root cause of the financial system’s stress by removing the distressed assets from the system.There is some political wrangling regarding the deal, which is adding to the uncertainty of when the proposal will be passed by Congress. Reports indicate there are disagreements over some additional proposals from Democrats for the plan, including the Treasury taking an equity stake in the participating financial companies and limiting executive compensation.Sunday night, the Federal Reserve agreed to convert Goldman Sachs (GS 120.59, -9.21) and Morgan Stanley (MS 27.26, +0.05) into bank holding companies. The move will allow Goldman and Morgan to expand retail banking offerings and give ongoing access to the Fed’s discount window, but will place the firms under additional regulatory oversight from the Federal Reserve.In addition, Morgan Stanley said it is pursuing a strategic alliance with Tokyo-based Mitsubishi UFG Financial Group (MTU 8.27, -0.09). Mitsubishi will eventually take up to a 20% stake in Morgan Stanley at book value, according to its nonbinding letter of intent.In corporate news, there were several share repurchase program announcements this morning. Microsoft (MSFT 25.39, +0.23) announced an additional $40 billion share repurchase program and raised its quarterly dividend by 18% to $0.13 per share. Hewlett-Packard (HPQ 47.06, -1.20) authorized an additional $8 billion for share repurchases. Nike (NKE 63.06, -0.64) announced a four-year $5 billion share repurchase program.The amount of spending in the government’s plan to help financial firms sparked a sharp decline in the dollar. The Dollar Index fell 2.3%, with the euro gaining 3.0% against the dollar. This prompted buying interest in commodities (+3.9%).Crude oil futures traded in an extremely volatile manner. The crude oil contract for October delivery, which expired today, spiked as high as 24% to $130 per barrel, before settling with a 15% gain at $120.00. Oil for November delivery, which becomes the front-month contract tomorrow, rallied 5.6% to $108.50 per barrel, but saw gains much smaller than October.The outsized gains of the October delivery oil contract suggests that a massive short-covering rally played a role in the advance.DJ30 -372.75 NASDAQ -94.92 NQ100 -4.5% R2K -4.4% SP400 -4.7% SP500 -47.99 NASDAQ Adv/Vol/Dec 634/1.92 bln/2142 NYSE Adv/Vol/Dec 574/1.27 bln/2592 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(9-19-08) DOW +368 NASDAQ +74 S&P +48 [CLOSE- OIL $104.55 (RECORD TRADING HIGH $147.27) GAS $3.73(reg. gas in LAND OF FRUITS AND NUTS $3.77 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $865/ SILVER $12.48/ PLATINUM $1,158/ DOLLAR= .69 EURO, 106 YEN, .54 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.83% ] ABSOLUTELY, ABSURDLY, RIDICULOUS! Great opportunity to sell/take profits, …Cramer said the astonishing 779-point rally over the past two days can only mean one thing: sell. , in this election year obfuscation/desperation to cover-up since all real news remains decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation previously rallied stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: The Dow closed nearly 370 points higher Friday, marking the end of a volatile week. The Dow registered triple-digit swings during each of the week's trading sessions. The weeklong ride took participants both high and low. Despite closing the week's final session with a 3.4% gain, the Dow still ended the week 0.3% lower. Still, the outlook among participants has improved substantially. Following the collapse of Lehman Brothers and the government's intervention into the AIG (AIG 3.85, +1.16) debacle earlier in the week, federal agencies stepped up to restore investor confidence. Just one day ago central banks injected liquidity into global financial markets to help restore their functionality. Now, the Fed is looking to create an entity that will help financial firms shed their illiquid and distressed assets, many of which remain linked to risky subprime mortgages. The Fed will also begin purchasing short-term debt issued by Fannie Mae (FNM 0.69, +0.20) and Freddie Mac (FRE 0.55, +0.22), which extends existing plans to buy mortgage-backed securities from the two. To further enhance confidence among investors, the Fed is planning to sell insurance that covers money market mutual funds. Some investors were encouraged by a ruling from the Securities Exchange Commission that put a temporary ban on short-selling certain financial stocks. Though the plan aims to protect certain securities and restore confidence, it has come under sharp criticism from market makers. Late in the session the SEC staff announced it wants to implement certain exemptions to the rule. The announcements helped financial stocks most. The sector closed the session 11.1% higher, extending the prior session's 12% advance. The financial sector concluded the week with a 7.4% gain. Investment banks and brokers (+20.8%) registered the largest gain in the sector. The group rebounded as Morgan Stanley (MS 27.21, +4.66) posted a 21% advance. Shares of MS hit a multiyear low yesterday amid ongoing fear of financial fallout and uncertainty surrounding the firm's future. From yesterday's low to Friday's close it surged 125%. The firm continues to seek a strategic alliance to help it move forward. Reports continue to indicate its talks are most intimate with Wachovia Bank (WB 18.75, +4.25) and the state-run China Investment Corp. Though the outlook among investors has improved, credit rating agency Moody's remains cautious of financial and market conditions. The firm placed bond insurers Ambac (ABK 3.80, -2.80) and MBIA (MBI 12.88, -1.12) on review for a downgrade. Nine of the ten economic sectors posted an advance, all trailing the financial sector.Only consumer staples (-0.4%) finished the session lower. The sector fell out of favor as participants rotated out of traditional safe havens and into riskier plays. In other news outside the financial sector, Texas Instruments (TXN 23.60, +0.85), hiked its quarterly dividend by 10% to $0.11 per share. Oracle (ORCL 20.07, +1.32) offered up better-than-expected earnings per share results and had its shares upgraded. Trading volume was heavy as contracts for stock index futures, stock index options, and stock options expired. Nearly 3 billion shares traded hands on the NYSE. That was the largest volume ever registered on the exchange. DJ30 +368.75 NASDAQ +74.80 NQ100 +2.8% R2K +4.2% SP400 +4.2% SP500 +48.57 NASDAQ Adv/Vol/Dec 1669/3.82 bln/682 NYSE Adv/Vol/Dec 2810/2.99 bln/372 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(9-18-08) DOW +410 NASDAQ +100 S&P +50 [CLOSE- OIL $97.88 (RECORD TRADING HIGH $147.27) GAS $3.73(reg. gas in LAND OF FRUITS AND NUTS $3.77 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $896/ SILVER $12.68/ PLATINUM $1,186.58/ DOLLAR= .69 EURO, 105 YEN, .55 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.56% ] ABSOLUTELY, ABSURDLY, RIDICULOUS! Sell/take profits since all real news decisively negative as leading indicators fall, unemployment claims rise, but suckers’ bear market rally b**l s**t talking points without realistic, legitimate, sound foundation rallies stocks in nearly 600 point swing to the upside as wall street shill/fraud/pointman/incompetent paulson floats new fraudulent wealth transfer paid for by taxpayers (yet another bailout – tax revolts as predicted by trendsresearch.com are a coming – McCain is quite right that land of fruits and nuts man cox should be fired from the SEC; A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters) and insurmountably increasing the defacto bankrupt government’s debt in favor of the very well-healed perpetrators of the fraud who should be prosecuted and forced to disgorge their ill-gotten gains (bonuses, etc., in the multi-billions) before even broaching the ill-advised united soviet socialist states of america plan to have taxpayers pay for the wall street fraud, and then there was the ridiculous spike from fed’s announced printing/creating more worthless Weimar dollars ($180 billion - All Roads Lead To Hyperinflation ) which even coupled with foreign contributions does not even register a blip of difference in light of the magnitude of the amount of debt, $14 trillion private/$15 trillion public, much of which must be written down/off/non-performing . Don’t be wall street’s (churn and earn) fool; time for them to pay up; time for you to sell/take profits/cut losses! Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: Stocks got off to a positive start Thursday as central banks attempted to calm concerns in the banking system by infusing billions of dollars into the global financial system. The advance was countered with selling pressure that turned an early 2% Dow advance into a 1.4% midday loss. However, the combined influence of an announcement prohibiting short selling in the U.K. and reports Treasury is considering a plan to create a Resolution Trust-like operation as a solution to the financial crisis stimulated huge buying interest late in the day. The Dow finished with a 3.9% gain, near its session high. Trading opened with all ten of the economic sectors advancing as investors were encouraged by efforts from central banks to increase liquidity and ease credit concerns. The Fed boosted its dollar swap line by adding as much as $180 billion to the line. Stocks began surrendering gains as participants became unsure of how to proceed without a clear-cut leader in the early going. The major indices took out new 52-week lows, pushing the Dow more than 22% off its October high. That sent investors back into safe havens like gold and Treasuries. At its session high, gold was up almost 9%. Treasuries traded higher, but saw gains reverse when financial stocks emerged to lead a massive recovery effort. Financials have been plagued by uncertainty in recent sessions. Reports continue to speculate over the future of Morgan Stanley (MS 22.55, +0.80) and Washington Mutual (WM 2.99, +0.98). Various reports indicate the two are looking for buyers. Consolidation is also taking place overseas. U.K. banking giant Lloyds TSB Group (LYG 21.35, +2.24) announced it is acquiring struggling U.K. mortgage lender HBOS in an all-stock deal valued at roughly $22.2 billion. The U.K. government brokered the deal, and is overriding anti-monopoly regulations, according to reports. The financial sector was able to garner favor as word that the Financial Services Authority, the United Kingdom's independent financial regulator, issued a temporary ban on short selling financial companies. Meanwhile, the New York Attorney General said he wants to freeze short-selling in financial stocks, according to Dow Jones. The sector was helped even more after reports surfaced that Treasury Secretary Paulson is talking about a Resolution Trust Corporation-type solution that would help end the current crisis. Financials were down 6.2% at their low, but closed with a gain of 11.7%. Still, the heavy losses incurred earlier in the week have the sector looking at a 5.7% week-to-date decline. The wide swings and heavy buying made for high volatility and high volume. The Volatility Index, VIX, was at a multiyear high of 40 before settling back near 33. NYSE volume was just under 2.5 billion shares. The significance of the Fed's actions and developments from the financial sector caused participants to generally overlook most other happenings. FedEx (FDX 91.13, +3.06) posted in-line earnings results, bringing in $1.23 per share for its latest quarter. The firm also issued upside guidance. After coming under pressure from the threat of a credit downgrade, Constellation Energy (CEG 24.20, -0.57) announced it will be acquired by MidAmerican Energy Holdings Company, a unit of Warren Buffett's Berkshire Hathaway, for $26.50 per share in cash. Lastly, initial jobless claims for the week ended Sept. 13 increased 10,000 to 455,000 while the four-week moving average bumped up to 445,000 from 440,000. The weekly figure was above the consensus estimate of 440,000. The four-week moving average sits roughly where it did in mid-August, but still reflects a soft labor market. DJ30 +410.03 NASDAQ +100.25 NQ100 +4.0% R2K +7.0% SP400 +4.9% SP500 +50.12 NASDAQ Adv/Vol/Dec 2114/3.85 bln/755 NYSE Adv/Vol/Dec 2395/2.45 bln/797 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(9-17-08) DOW - 449.36 NASDAQ – 109.05 S&P – 57.20 [Post full moon reality as Housing construction plunges 6.2 pct. in August , Worst is yet to come, investment strategist warns (at MarketWatch) , more gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $97.16 (RECORD TRADING HIGH $147.27) GAS $3.73(reg. gas in LAND OF FRUITS AND NUTS $3.77 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $851/ SILVER $11.68/ PLATINUM $1,186.58/ DOLLAR= .69 EURO, 104 YEN, .54 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.42% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] Yahoo: Stocks tumbled nearly 5% for the second day this week after the government extended AIG (AIG 2.06, -1.69) an $85 billion emergency loan in a move that did little to ease credit market turmoil.The major indices ended on a sour note at session lows. All ten of the economic sectors posted a loss, with financials (-8.9%) falling the most. Weakness was widespread, the best performing sector, energy, posted a loss of 2.4%.To prevent an AIG bankruptcy filing, the Federal Reserve agreed to provide an $85 billion two-year loan in exchange for a 79.9% stake in the insurance giant. The Fed said a disorderly failure of AIG could add to already significant levels of financial market fragility. The loan does not come cheap; AIG has to pay the three-month Libor rate (currently at 3.06%) plus 8.5%.The bailout did little to stop the turmoil in the credit markets. The TED spread --the difference between the three-month Treasury bill and the three-month Libor -- spiked to 3.02%, marking its highest level on record. The higher spread indicates increased fears of credit risk and reluctance of banks to lend to each other. In a flight to safety, investors flocked to the three-month Treasury bill, sending its yield to only 0.04%, down sharply from last Friday's yield of 1.47%.In an attempt to quell some fears, Morgan Stanley (MS 21.17, -7.53) announced its third quarter earnings last night instead of the previously scheduled release of this morning. The company earned $1.32 per share, which blew past expectations by $0.54. Despite the earnings beat, the stock dropped 24% as Morgan Stanley's credit default swap -- which is the cost to protect debt -- rose to 728 basis points yesterday. By comparison, Lehman Brothers' (LEH 0.14, -0.16) swap traded at 707 basis points before it filed bankruptcy. Morgan’s CEO said the decline was unwarranted and blamed short-sellers, which did little to calm fears.The government made other moves in addition to the AIG bailout. The Treasury is setting up a temporary financing program at the Fed's request. The program will auction Treasury bills to raise cash for the Fed's use. The initiative aims to help the Fed manage its balance sheet following its efforts to enhance its liquidity facilities over the previous few quarters.The SEC took several actions to tighten rules regarding the short-selling of stocks. Short-sellers will now have to deliver securities by the close of business on the settlement date. The SEC eliminated an option market-maker exception for the close-out agreement. In addition, short-sellers who deceive market participants are now committing a fraud.The uncertainty over the financial markets and concern that the Fed is getting funding from the Treasury sparked a rally in hard assets, as investors look to preserve wealth. Oil spiked 5.9% to $96.52 per barrel, gold rallied 11.0% and commodities as a whole gained 3.2%.Conversely, the dollar fell 1.2%, losing 1.4% against the euro and 1.9% against the pound.In corporate news outside the financial world, flash memory maker SanDisk (SNDK 20.93, +5.89) rejected a $26 per share offer from Korean conglomerate Samsung, despite the offer representing a 93% premium over SNDK's closing price on Sept. 4, the day before media reported the possible takeover. SanDisk, which traded at $55.98 in October 2007, said the offer undervalues the firm.Nortel (NT 2.64, -2.66) gave a preliminary third quarter view of $2.3 billion in revenue, which falls short of the $2.7 billion consensus. Nortel, which provides networking solutions, expects customers to cut back on spending.Software developer Adobe Systems (ADBE 36.41, -1.73) reported third quarter earnings that topped Wall Street's forecast, helped by sales of Adobe Acrobat.General Mills (GIS 69.88, +1.33) easily beat estimates thanks to a strong 14% year-over-year increase in sales.Economic news did not help sentiment, with the number of new housing starts declining 6.5% to 895,000, which is the lowest rate since January 1991. Economists expected that there would be 950,000 starts. Building permits fell 8.9% to 854,000, compared to the median economist estimate of 928,000. On the positive side, fewer building permits will presumably clear some of the excess inventory of homes for sale. Single-family starts declined just 1.9% from the prior month.The S&P 500 is down 7.6% week-to date, putting it on pace for the largest one week percent decline in more than six years.DJ30 -449.36 NASDAQ -109.05 NQ100 -5.3% R2K -4.8% SP400 -4.4% SP500 -57.20 NASDAQ Adv/Vol/Dec 428/3.11 bln/2452 NYSE Adv/Vol/Dec 217/2.14 bln/2984 ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(9-16-08) DOW +141.51 NASDAQ + 27.99 S&P +20.90 [Absolutely, Absurdly, Ridiculous! More gov’t bailout taxpayer money with ever more worthless Weimar dollars (fed printing/creating them like mad) proves the only lunatics (yes, the full moon) are not limited to those lunatic fraudulent wall street needful things who should be prosecuted and forced to disgorge their ill-gotten gains, as united soviet socialist states of america (who built up communist china so who could have expected less) takes 80% stake in AIG, spreads widening as piles of worthless debt/securities/collateral unwind so sell into these suckers’ bear market rallies as all problems remain US Economy: Rudderless and Reeling From Direct Hits , Federal bank insurance fund dwindling , More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion , economy so bad oil demand own, so cut your losses/take whatever gains/get your money out while you still can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $91.65 (RECORD TRADING HIGH $147.27) GAS $3.73(reg. gas in LAND OF FRUITS AND NUTS $3.77 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $783.26/ SILVER $10.65/ PLATINUM $1,093/ DOLLAR= .7o EURO, 105 YEN, .55 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.39% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] AP BUSINESS HIGHLIGHTS Oil prices sink below $92 on Wall Street tumult NEW YORK (AP) -- Oil prices extended their retreat Tuesday, shedding $10 a barrel in a violent, two-day slide as tumult on Wall Street dims hopes for a swift economic recovery and signals another drop in U.S. energy demand. Crude, which shot up near $150 a barrel only two months ago, is now down 8 percent for the year. Meanwhile, gas prices edged higher at the pump, topping $3.85 a gallon amid the aftermath of Hurricane Ike. However, given crude's continuing slide, retail gas was expected to turn lower within a few weeks. Big fall in energy pushes consumer prices down WASHINGTON (AP) -- Consumer prices in August posted the first monthly decline in nearly two years as Americans finally got some relief from surging energy prices. But the cost of food and clothing still rose last month and wages over the past year are down. Consumer prices edged down 0.1 percent last month, the Labor Department reported Tuesday, a significant improvement from a 1.1 percent price spike in June and a 0.8 percent rise in July. Best Buy 2Q profit slides 19 percent CHICAGO (AP) -- Best Buy Co. said Tuesday that its second-quarter profit slid 19 percent as it spent money to boost cell phone sales by completing the rollout of its Best Buy Mobile concept to nearly 1,000 North American stores. Revenue rose, however, as consumers bought more flat-panel TVs, laptops and cell phones, ahead of forecasts. The nation's largest consumer electronics retailer earned $202 million, or 48 cents per share, for the three months ending Aug. 30. That's down from $250 million, or 55 cents per share, during the same period last year. Revenue rose 12 percent to $9.8 billion. McClatchy to cut 1,150 jobs, 10 pct of work force NEW YORK (AP) -- The McClatchy Co. is trimming its payroll by about 1,150 more employees nationwide, or about 10 percent of its work force. McClatchy made the announcement Tuesday and blamed a "difficult advertising downturn." The company expects about half of the reductions will come from voluntary buyouts and attrition. It says the job cuts and other initiatives will save $100 million over the next year, not including severance costs of about $20 million. Kroger profit rises 3.4 percent on sales growth CINCINNATI (AP) -- Kroger Co., the nation's largest traditional grocery chain, said Tuesday that its second-quarter profit rose 3.4 percent as a slowing economy prompted people to eat at home more often and try more store brands. The results sent the stock up 5 percent. Kroger has added to frequent-customer incentives for store discounts and cheaper gas at its own stations, along with offering more store-brand items and prepared meals for people trading down in price and cutting back on eating out. The company said sales were strong for its deli, bakery and prepared foods, and that store-label items accounted for a record 26 percent of its grocery sales. By The Associated Press The Dow rose 141.51, or 1.30 percent, to 11,059.02, after falling about 100 points immediately after the Fed announcement. The Dow at turns rose and fell as much as 175 points in fractious trading; on Monday, it suffered its largest drop since the September 2001 terror attacks. Broader stock indicators advanced. The Standard & Poor's 500 index rose 20.90, or 1.75 percent, to 1,213.60, and the Nasdaq composite index rose 27.99, or 1.28 percent, to 2,207.90. Light, sweet crude for October delivery fell $4.56 to settle at $91.15 a barrel on the New York Mercantile Exchange, after earlier dipping to $90.51, its lowest level since Feb. 8. On Monday, prices closed below $100 for the first time in six months, shedding more than $5 and wiping out all of oil's gains for the year. In London, November Brent crude fell $5.02 to settle at $89.22 a barrel on the ICE Futures exchange, after earlier dipping to $88.90. In other Nymex trading, heating oil futures fell 7.15 cents to settle at $2.7197 a gallon, while gasoline prices dropped 16.06 cents to settle at $2.4008 a gallon. Natural gas for October delivery fell 9.5 cents to settle at $7.279 per 1,000 cubic feet. ..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(9-15-08) DOW - 504 NASDAQ - 81 S&P - 59 [Reality bites again so cut your losses/take whatever gains/get your money out while you can as industrial output down much greater than expected 1.1% (for the prior month) , Meltdown in US finance system pummels stock market , Rogers: Dollar To Lose World Reserve Status , AIG downgraded as financial meltdown spreads , Wall Street mauled by Lehman bankruptcy, AIG fears , highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank. Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $95.71 (RECORD TRADING HIGH $147.27) GAS $3.73(reg. gas in LAND OF FRUITS AND NUTS $3.77 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $786.26/ SILVER $11.14/ PLATINUM $1,158/ DOLLAR= .7o EURO, 104 YEN, .55 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.39% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000 ] YAHOO… Monday marked an extremely ugly session on Wall Street, with the S&P 500 falling 4.7% -- marking the largest one-day percent drop since the first session following the attacks on September 11, 2001.Losses were driven by severe turmoil in the financial sector –- Lehman Brothers (LEH 0.21, -3.44) filed for bankruptcy, Merrill Lynch (MER 17.06, +0.01) sold itself to Bank of America (BAC 26.55, -7.19) and AIG (AIG 54.76, -7.38) is looking for a massive amount of cash in an attempt to stave off failure.The S&P 500 closed at its lowest level since 2005 and is now down 18.8% year-to-date and down 24.3% from its October 2007 all-time high.The financial sector (-10.4%) took the brunt of the selling interest, although weakness was broad-based with all ten economic sectors posting a loss. Decliners outpaced advancers by a whopping 81-to-1 ratio on the NYSE. A total of 1.88 billion shares exchanged hands on the NYSE, which would normally be considered heavy volume, but is somewhat light considering the session's developments.Lehman Brothers filed Chapter 11 bankruptcy protection after no buyers were willing to save the troubled 158-year-old firm due to a lack of a government backstop. None of Lehman's broker-dealer subsidiaries will be included in the bankruptcy and will continue to operate. Lehman listed $613 billion in debt, which is the largest bankruptcy on record according to reports..… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)

(9-12-08) DOW -12 NASDAQ +3.05   S&P +2.65 [Absolutely, Absurdly, Ridiculous! Highest year over year foreclosures on record, retail down .3% while inventories up, as bad news spurs over 150 point swing to the upside into the close which shows irrationally fraudulent markets trying to keep suckers sucked in for their commissioning pleasure, Bullish Sentiment Drops 30% , CBOE Put-Call Ratio Indicates Negative Outlook , Get Ready For the S&P 500 to Break Below 1200 , WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters) , U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses , August foreclosures hit another record high , federal/trade deficits among other bad news worse than expected which previously rallied stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $101.18 (RECORD TRADING HIGH $147.27) GAS $3.78(reg. gas in LAND OF FRUITS AND NUTS $3.78 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $765/ SILVER $10.80/ PLATINUM $1,210.51/ DOLLAR= .7162 EURO, 107 YEN, .56 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.73% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… The stock market struggled to make headway Friday. Buyers found little motivation to enter the market as uncertainty continues to shroud the financial sector. Although solid gains were made among beaten-down commodities stocks their influence was too small to lift the broader market in material fashion. Traders continue to await clarity related to the fate of a couple of financial players. Lehman Brothers (LEH 3.65, -0.57) may receive a helping hand from another bank, or even by a consortium of firms, looking to take over the investment bank. Lehman has faced tough times before, but many question whether the firm will survive the current turmoil on its own. As for Washington Mutual (WM 2.77, -0.06), a midday report that JPMorgan Chase (JPM 41.17, -0.48) is in advanced discussions to acquire the downtrodden savings and loan institution led to a recovery effort. However, JPMorgan stymied the rally when it came out to say it is not in negotiations, according to CNBC. Making its way to a new 52-week low, AIG (AIG 12.14, -5.41) was one of the worst performers in the financial sector. The company has been subjected to heavy selling pressure as concerns mount over its fate. Financials finished the session as the worst performing sector, which is where it began the session. Financials were down 2.7% early, then rallied to a 0.6% gain before volatile action led the sector to close 1.0% lower. While financials fared the worst, materials and energy saw the largest gains as traders picked up depressed names. Stocks dealing in commodities have seen their shares beaten down in recent sessions amid fears a global slowdown will hamper demand. In fact, earlier this week the materials and energy sectors were at their lowest level in months. They ended the day with gains of 3.2% and 2.8%, respectively. Due to the losses seen earlier in the week, materials advanced 2.1% week-to-date, while energy concluded the week 0.7% higher. Expectations of softer demand have also been reflected in oil prices. Though hurricanes threaten production and refining facilities in the Gulf of Mexico, crude briefly dipped below the $100 mark this session. It closed just short of $101 per barrel, down roughly 0.1% this session and 31% from its July 11 high. Lackluster economic data did little to restore investor confidence. Prior to the session's opening bell it was reported August retail sales decreased 0.3%, despite expectations for a 0.2% increase. Sales during the prior month were revised lower to reflect a 0.5% decrease. Consumer spending remains on a sluggish growth path as consumers continue to face stiff headwinds. A separate report indicated encouraging inflationary data. The Producer Price Index indicated prices declined 0.9% in August, which marked a sharper downturn than economists expected. Core PPI, which excludes food and energy, increased 0.2%, which was in-line with expectations. DJ30 -11.72 NASDAQ +3.05 NQ100 -0.4% R2K +0.2% SP400 +1.1% SP500 +2.68 NASDAQ Adv/Vol/Dec 1347/1.97 bln/1455 NYSE Adv/Vol/Dec 1759/1.28 bln/1390 ..… AP Business Highlights …        U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (9-11-08) DOW +165 NASDAQ +25   S&P +17 [Absolutely, Absurdly, Ridiculous! Federal/trade deficits among other bad news worse than expected which rallies stocks (riiiiight!) on over 300 point swing to the upside (I don’t think so) so sell into these ephemeral rallies/"strength”, Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow should drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $100.87 (RECORD TRADING HIGH $147.27) GAS $3.78(reg. gas in LAND OF FRUITS AND NUTS $3.78 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $745.58/ SILVER $10.56/ PLATINUM $1,135/ DOLLAR= .7162 EURO, 107 YEN, .56 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.65% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Trading has been marked by uncertainty during recent sessions and Thursday was no exception. The uncertainty prompted the major indices to open sharply lower as jittery traders fretted over financial stocks and a lack of leadership. Financials were down more than 4% in the early going as participants placed heavy selling pressure on investment banks and brokerages (-4.6%). Investors pushed the group aside amid continued concerns regarding the future of Lehman Brothers (LEH 4.22, -3.03). Shares of LEH were downgraded this morning by a few Wall Street firms. However, word from The Wall Street Journal that Bank of America (BAC 33.06, +0.66) is in talks to buy Lehman prompted a last minute upward push in the sector. Though the financial sector spent most of the session facing losses, it was able to close 1.7% higher. Most of the session was marked by a lack of convincing leadership, which led to choppy trading. Still, the stock market turned an early loss of 1.7% into a 1.5% gain. All ten of the economic sectors opened lower, but nine managed to finish with a gain as the late financial rally pulled just about everything higher into the close. Stocks also seemed to move more independently of oil prices during the session. Crude futures spent virtually the entire session in the red, extending their downturn, slipping more than 1.5% to close below $101 per barrel. Crude has not been below the $100 mark in over five months. The decline in oil prices helped oil and gas refiners (+8.3%). Refiners are benefiting from wider crack spreads, effectively the difference between prices paid for crude and the prices charged for consumable fuels, as well as tighter supplies as they take their operations offline amid hurricane threats. Uninspiring economic data gave investors little incentive to move into stocks in the early-going. Initial jobless claims for the week ended Sept. 6 declined 6,000 to 445,000. Claims were slightly ahead of the consensus estimate. Meanwhile, continuing claims rose by more than 100,000 to 3.525 million from the prior week, reflecting a softening labor market. Meanwhile, the July trade deficit widened $62.2 billion from the prior month, surpassing the $58.0 billion deficit that was widely expected. The trade deficit figures received little attention, though the trend in the real (price adjusted) trade deficit continues to suggest they will support third quarter GDP.DJ30 +164.79 NASDAQ +29.52 NQ100 +2.1% R2K +0.3% SP400 +0.5% SP500 +17.01 NASDAQ Adv/Vol/Dec 1286/2.31 bln/1539 NYSE Adv/Vol/Dec 1400/1.45 bln/1762 ..… AP Business Highlights …        U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (9-10-08) DOW +38.19 NASDAQ +18.89   S&P +7 [Absolutely, Absurdly, Ridiculous! All bad news rallies stocks (riiiiight) as Lehman shows wider than expected $3.9 billiion loss, Another bull joins the bears Peter Eliades now says Dow could drop below 9,000, election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $102.58 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $3.83 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $762/ SILVER $10.65/ PLATINUM $1,162/ DOLLAR= .7162 EURO, 107 YEN, .56 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.65% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… The stock market posted a solid gain Wednesday in a roller coaster session. Much of the volatility was fueled by a third quarter earnings preannouncement from Lehman Brothers (LEH 7.24, -0.55).The S&P 500 rose 1.6% with one hour left in the session, but settled with a gain of 0.6% following a late surge in broad-based selling interest. Eight of the ten economic sectors posted a gain.Lehman reported a third quarter loss of $5.92 per share, or $3.9 billion, which missed the consensus estimate that called for a loss of $3.35 per share. In addition, Lehman is cutting its common stock annual dividend to $0.05 per share from $0.68, plans to sell 55% of its asset management business, will spin off its commercial real estate assets and is in talks with BlackRock (BLK 216.79, +5.99) to sell roughly $4.0 billion of Lehman's UK residential mortgage portfolio.LEH rose as much as 19%, but the advance dissipated with the stock settling at session lows with a 7% loss.Financials as a whole saw a great deal of volatility, trading between a range of -2.6% and +1.6% before ending the day with a 0.7% decline. The regional banks group fell 3.2%after Keefe Bruyette downgraded several regional banks, citing valuation. Washington Mutual (WM 2.36, -0.94) dropped 28% on reports that at least three potential acquirers are no longer interested in the company due to an accounting rule change..… AP Business Highlights …        U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (9-9-08) DOW - 280.01 NASDAQ - 59.95   S&P – 43.28 [ Reality bites again despite election-year sugar/fake reports as Pending home sales fall more than expected 3.2% , Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into ephemeral rallies/"strength" since the same and all is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $103.26 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $3.83 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $776/ SILVER $11.26 / PLATINUM $1,238/ DOLLAR= .69 EURO, 107 YEN, .56 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.5965% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Stocks plummeted Tuesday due to continued concerns over financial firms and a sell-off in energy and material stocks. The S&P 500 fell 3.4%, ending the session at its lows, marking the largest one day percent decline since February 2007.Weakness was broad-based, 91% of the S&P 500 components posted a loss and all ten of the economic sectors settled in negative territory. Volume was on the heavy side, with 1.7 billion shares exchanging hands on the NYSE.Financials (-6.6%) acted as the main drag on the market, with Lehman Brothers (LEH 7.79, -6.36) sparking much of the selling interest. LEH plunged 45% as traders speculated about the firm's capital position after reports indicated that a state-run Korean bank is no longer in talks to buy some or all of Lehman. However, Reuters said that a Korean official denied the reports.The drop in Lehman shares prompted Standard & Poor's to place Lehman on CreditWatch with negative implications, citing the increased difficulty in raising capital.The financial sector fell across the board, giving back all of its Fannie Mae (FNM 0.98, +0.25) and Freddie Mac (FRE 0.88, unch) bailout gains and then some. Wells Fargo (WFC 31.17, -2.39) said it will take a noncash charge of $480 million related to preferred securities of Fannie and Freddie, which trade at only 5% to 10% of par value following the government's takeover on Sunday. AIG (AIG 18.32, -4.44) declined 20%, on fears that the insurance giant will have to raise more capital. .… AP Business Highlights …        U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (9-8-08) DOW +290 NASDAQ +13   S&P +25 [Absolutely, Absurdly, Ridiculous! Fannie/Freddie fail, federal takeover, taxpayer bailout (which the frauds on wall street cheer since they believe their fraudulent gains, many billions worth, might not be touched - they should be disgorged through prosecution) as defacto bankrupt government to commit $100 billion each to insolvent fannie/freddie ($200 billion they really don’t have to start with), very ridiculous so sell into this ephemeral rally/"strength" since the same is very bad news Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" (more to follow this update on 9-7-08) suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $106.34 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $3.83 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $803/ SILVER $12.38 / PLATINUM $1,358/ DOLLAR= .69 EURO, 107 YEN, .56 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.69% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Monday marked a sharply higher, and volatile, start to the trading week, fueled by the federal government's takeover of mortgage giants Fannie Mae (FNM 0.70, -6.34) and Freddie Mac (FRE 0.89, -4.21). The S&P 500 ended the session with a large 2.1% gain following a late-session surge in buying interest. Eight of the ten economic sectors advanced in heavy trading volume. The Nasdaq Composite (+0.6%) trailed its counterparts, largely due to the underperformance of large-cap tech stocks.With regard to the bailout, the Treasury determined that Fannie and Freddie did not have adequate capital, prompting the federal government's intervention because the organizations are believed to be "too big to fail." The companies will be placed under a conservatorship, and the Treasury will provide up to $200 billion in capital. The potential taxpayer cost of the bailout has not been determined.The takeover of Fannie and Freddie come at the expense of common and preferred stock shareholders. Fannie and Freddie fell 90% and 83% respectively, on the view that little or no equity will be left for common stock shareholders.Financials as a whole rose 4.6%, however, benefiting from the belief that the bailout will ease the current credit market turmoil. There were some notable financial laggards, though. Lehman Brothers (LEH 14.02, -2.18) gave up an early advance on continued speculation that the company needs capital. Washington Mutual (WM 4.02, -0.25) fell 6%.  WaMu reported early in the morning that it ousted its CEO and agreed to give more updates to its regulator.Stocks related to the housing market saw the largest gains. The homebuilding (+11.6%), building products (+8.4%) and home improvement retail (+5.6%) groups all rallied.Some of the largest tech companies came under selling pressure on no specific catalyst, which caused the tech sector (+0.5%) to underperform on a relative basis. Google (GOOG 419.93, -24.32), Oracle (ORCL 19.25, -0.82) and Apple (AAPL 157.99, -2.19) all declined.The stock market saw some volatile action after headlines crossed the wires that incorrectly said UAL Corp. (UAUA 10.92, -1.38), parent company of United Airlines, filed for bankruptcy protection. UAL quickly said the report was false, saying the report came from a 2002 article. UAL fell as much as 76% and then recovered to a loss of 11%.In corporate news, Boeing (BA 63.84, +0.85) posted a gain despite news that the aerospace company was unable to reach a labor agreement with its largest union on wages, pensions, job security and healthcare costs. As a result, 26,800 machinists have gone on strike.Altria Group (MO 20.94, -0.01), the largest U.S. cigarette company, is acquiring smokeless tobacco manufacturer UST (UST 68.73, +1.18) for $69.50 per share, or $11.7 billion, including debt.In commodity trading, crude oil settled nearly unchanged at $106.26 per barrel after climbing as much as 3.5% in earlier trade on speculation of Hurricane Ike's potential impact on Gulf of Mexico production. The retreat from session highs coincided with gains in the dollar, which rose 0.6% against a basket of world currencies. DJ30 +289.78 NASDAQ +13.88 NQ100 -0.30% R2K +2.0% SP400 +2.1% SP500 +25.48 NASDAQ Adv/Vol/Dec 1672/2.59 bln/1105 NYSE Adv/Vol/Dec 2021/1.69 bln/1094 .… AP Business Highlights …        U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (9-5-08) DOW +33 NASDAQ – 3   S&P +5 [ Absolutely, Absurdly, Ridiculous! Suckers’ bear market/short-covering rally into the close on 200 point swing to the upside (riiiiight) on very bad news, nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%, THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY: US to take control of mortgage giants: reports , Home foreclosures reach record high , and keep in mind frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $106.23 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $3.83 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $803/ SILVER $12.38 / PLATINUM $1,358/ DOLLAR= .69 EURO, 107 YEN, .56 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.62% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Friday was shaping up to be another session of hefty losses until buyers emerged midsession to lend support. Leadership came from the financial sector, which carried the major indices off their session lows. The tone Friday turned decidedly pessimistic early on when the latest dose of government data revealed nonfarm payrolls fell by 84,000 during August, bringing the unemployment rate to 6.1%. The decline in payrolls was essentially in-line with expectations, but the headline unemployment rate was higher than expected. Sentiment received little help from technology, which is the largest among the major economic sectors. Shares of tech firms have been hit during recent sessions amid fears that a global slowdown will weigh on their performance. Nokia (NOK 20.62, -1.69), a global leader in phones and handsets, believes its third quarter market share will be down sequentially, which seemed to confirm the aforementioned concerns. Meanwhile, Dell (DELL 20.41, +0.05) is looking to divest its factories, according to The Wall Street Journal. The move would free up capital for the firm by ridding itself of aging assets and allow Dell to avoid the costs of idling factories during slow demand. However, the tech sector did receive leadership from flash memory storage company SanDisk (SNDK 17.64, +4.18). SanDisk saw its shares surge amid takeover chatter. Financials garnered attention after Reuters reported that Blackstone Group (BX 16.43, -0.31) and KKR are each looking to buy parts of Lehman Brothers (LEH 16.20, +1.03). Their interest reportedly centers on the firm's real estate and asset management businesses. Shares of LEH finished near their session high after showing losses early on. The news helped financials emerge as a leader, helping induce broad-based gains. They were down 1.7% at their session low, right about the time the S&P 500 was down 1.6%. However, financials finished the day as the best performing sector, up 3.2%. The S&P 500 ascended to close with decent gains. Sliding oil prices also also helped the overall sentiment. Oil retreated 1.4% to settle around $106.40 per barrel. It is down 7.8% this week. Oil's decline was helped by a stronger dollar. Given the concerns of a global slowdown, the U.S. continues to attract funds as investors seek a safe investment environment. As such, the dollar climbed 0.5% against a basket of trade-weighted currencies. It is now up 3.0% this year. DJ30 +32.73 NASDAQ -3.16 NQ100 -0.4% R2K +0.0% SP400 +0.4% SP500 +5.48 NASDAQ Adv/Vol/Dec 1265/2.26 bln/1512 NYSE Adv/Vol/Dec 1583/1.20 bln/1518 .… AP Business Highlights …        U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (9-4-08) DOW - 344.65 NASDAQ –74.69   S&P – 38.15 [Frauds/scams like wall street today invariably unravel as reality bites with all news bad (except for fake news) and worse than expected with new unemployment claims up more than 15,000 on top of terrible back-to-school shopping/retail numbers, though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $107.89 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $803.26/ SILVER $12.98 / PLATINUM $1,365/ DOLLAR= .69 EURO, 107 YEN, .56 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.62% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… The tone during Thursday trade was pessimistic from the start. Losses were wide and deep, worsening as the session progressed. The major indices closed near session lows, each shedding at least 3%.  In turn, stocks marked the largest single session drop since late June. Participants focused on the worst as mixed economic and sales data hit the wires. The ISM Service Index came in at 50.6 for August, suggesting expansion since it is above 50. Economists were expecting a reading of 49.5. Still, the survey received little attention. Jobless data trends continue to suggest a soft labor market as weekly claims climbed 15,000 to 444,000. Economists expect the employment report to show further weakening when it is released tomorrow. The ADP report offered a glimpse into that report, suggesting private payrolls fell by 33,000 during August. On the upside, weak labor conditions help limit inflation. Yet that theme was ignored as labor costs inched 0.5% lower in the second quarter. Also helping stymie inflationary pressure, productivity increased 4.3%, up from the previously stated 2.2%. Though soft labor conditions help diminish inflationary pressures, they can also eat into discretionary spending. Several apparel retailers posted a substantial downturn in their August same-store sales results. Limited Brands (LTD 20.71, -1.35), Pacific Sunwear (PSUN 6.45, -0.45), Abercrombie & Fitch (ANF 50.99, -3.72), and Gap (GPS 19.14, -0.83) all saw comparables slide. However, Guess (GES 38.71, +0.46) gave an upside surprise when it posted better-than-expected earnings and sales results for its latest quarter. That reporting period included the mailing of fiscal stimulus checks. Still, the company opted to raise its guidance for 2009. Bargain-shoppers continue to bolster sales at Wal-Mart (WMT 59.78, -0.01) and BJ's Wholesale (BJ 39.56, -0.25). Each put up healthy comparable sales increases. The negative tone governing trade was exacerbated midday when Bill Gross, bond guru and manager of one of the world's largest bond investment companies, stated the global financial marketplace is in the process of deleveraging. He also implied in a television interview that he is waiting for the Treasury to step up its actions. The comments weighed on an already depressed financial sector. Financials finished the session at their low, down 4.7%. Financials have shed more than 28% this year, which is more than any other sector in the S&P 500. The stark negative tone led participants to overlook another retreat in oil prices. Oil was up early, but fell as much as 2.6% before finishing roughly 1.5% lower. Oil is down roughly 6.5% this week as a stronger dollar makes the price of imported commodities less costly. The dollar's resurgence in recent sessions has been attributable to fears of slower global economic growth. It climbed 0.7% against a basket of major foreign currencies this session. That took it to its best level this year, or more than 2.5% higher year-to-date. In the end the slide in stocks pushed all three of the major indices into bear market territory. Each are now down at least 20% from their respective highs reached last October.DJ30 -344.65 NASDAQ -74.69 NQ100 -3.2% R2K -3.1% SP400 -2.4% SP500 -38.15 NASDAQ Adv/Vol/Dec 557/2.34 bln/2256 NYSE Adv/Vol/Dec 532/1.30 bln/2585.… AP Business Highlights …        U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (9-3-08) DOW +16 NASDAQ – 16 S&P – 3 [ Absolutely, Absurdly, Ridiculous! All news bad and worse than expected though still sugar-coated for election year as sales at GM down 20% Ford down 26%, bankruptcies up, credit union taken over by feds, August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $109.35(RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $803.26/ SILVER $13.05 / PLATINUM $1,376/ DOLLAR= .6888 EURO, 108 YEN, .56 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.70% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Wednesday marked a choppy session for Wall Street, with the major indices settling in mixed fashion following a late-session recovery effort. The trading action came as traders digested volatile crude prices, a better-than-expected manufacturing reading and the Fed's Beige Book.In the end, the Dow rose 0.1%, while the S&P 500 and Nasdaq fell 0.2% and 0.7%, respectively. The Nasdaq's underperformance was largely due to some warnings out of the tech sector.The tech sector fell 1.7%. Shares of Corning (GLW 17.04, -2.46) were pummeled after the company issued a third quarter earnings warning due to lower-than-expected LCD glass shipments. The company cited an industry inventory glut. Semiconductor stocks fell 4.2%, after Corning's outlook raised demand concerns about LCD TVs, monitors and notebook computers. In addition, several semiconductor companies presented at the Citigroup Global Tech Conference.Financials ( +1.4%) were an area of strength. Bond insurer Ambac Financial (ABK 8.61, +1.54) confirmed that it received regulatory approval from the Commissioner of Insurance of the State of Wisconsin to capitalize and restart Connie Lee Insurance, which will provide insurance for the municipal bond market. Lehman Brothers (LEH 16.85, +0.72) was once again in focus, with continued speculation that the struggling bank will be taken over or receive a capital infusion.The consumer discretionary (+0.5%) sector outperformed, benefiting from a 1.6% rise in retail stocks. Staples (SPLS 25.17, +0.40) reported a 16% year-over-year drop in its second quarter earnings per share, which matched Wall Street's forecast. Meanwhile, shares of General Motors (GM 11.36, +0.71) rose 6.7% after the automaker posted a smaller-than-expected decline in August sales.In other corporate news, Coca-Cola (KO 51.67, -0.29) is buying a Chinese juice company in a deal valued at roughly $2.4 billion.Shares of ConAgra (CAG 19.62, -1.84) fell 8.6% after the food company gave an earnings warning due to underperformance in its consumer business.In economic news, factory orders remain surprisingly strong, with the fifth straight month of positive growth. July factory orders rose 1.3% (consensus +1.0%). Excluding transportation, orders rose 1.0%. In addition, unfilled orders were up 0.7%, marking the 29th increase in the last 30 months, and indicating that manufacturing sector will remain busy. Orders in June were revised higher to 2.1% from 1.7%.The Fed's Beige Book -- a collection of anecdotal economic reports from the 12 Federal Reserve districts -- showed an economic slowdown in most districts. At the same time, most districts continued to report price pressures due to the elevated costs of energy, food and other commodities. Wage pricing pressures were moderate, as the sluggish economic environment has allowed businesses to limit their salary increases. Crude oil prices traded in a volatile manner, falling as much as 2.3% before recovering to settle the day with a 0.3% loss at $109.42 per barrel. Commodities as a whole fell 0.5%.DJ30 +15.96 NASDAQ -15.51 NQ100 -0.9% R2K +0.5% SP400 -0.2% SP500 -2.60 NASDAQ Adv/Vol/Dec 1477/2.13 bln/1302 NYSE Adv/Vol/Dec 1614/1.21 bln/1491.… AP Business Highlights …        U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (9-2-08) DOW -26.63 NASDAQ – 18.28 S&P – 5.26 [ Still sugar-coated for election year but August ISM Index down below 50 indicating contraction, construction spending fell a larger-than-expected 0.6%, and spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $109.71(RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $810.26/ SILVER $13.15 / PLATINUM $1,383/ DOLLAR= .6888 EURO, 108 YEN, .56 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.73% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Tuesday was a disappointing session for stock market bulls. Stocks ran out of steam, giving up strong opening gains to finish the day with a loss.Shortly after the opening bell, the Dow, Nasdaq and S&P 500 rallied 2.1%, 1.9% and 1.6%, respectively, benefiting from a sharp sell-off in commodities and a relief trade after Hurricane Gustav did not cause any major structural damage. But stocks steadily declined throughout the afternoon, with the Dow, Nasdaq and S&P 500 finishing the day with a loss of 0.2%, 0.8% and 0.4%, respectively.There was no apparent catalyst for the change in sentiment, although the retreat may have been compounded after traders were disappointed that stocks were unable to maintain their opening gains.With regard to commodities, the CRB Index fell 3.4% after the damage caused by Hurricane Gustav was less than expected. Crude prices were down 8.7% in overnight trading, but recovered some losses to finish with a decline of 4.5% at $110.30 per barrel.The drop in commodity prices sparked selling interest within commodity producing stocks. The energy sector declined 4.6% and the materials sector fell 2.5%, acting as a major drag on the broader market.Conversely, commodity-cost sensitive stocks got a boost, although they gave up much of their intraday advance by the end of the session, and were unable to offset the steep declines in the energy and materials sectors. The consumer discretionary sector rose 1.8%, with retailers climbing 3.0%. Airlines advanced 6.6% and automakers gained 3.1%.The financial sector outperformed with a 1.8% gain. Bank of America (BAC 32.62, +1.48) provided leadership after Goldman Sachs assumed coverage of BofA with a Buy, citing earnings growth potential, according to the AP. Lehman Brothers (LEH 16.06, -0.03) gave up an early gain to finish near the unchanged mark, despite reports that Korea Development Bank confirmed that it is in talks to invest in Lehman Brothers.In other corporate news, Merck (MRK 34.83, -0.84) and Schering-Plough (SGP 19.08, -0.32) came under selling pressure due to uncertainty regarding cancer risks of the cholesterol drug Vytorin. The healthcare sector still managed to gain 0.1%.In economic news, the August ISM Index, a national manufacturing survey, indicated a very slight contraction in the manufacturing sector, although it is still indicative of growth in the overall economy. Specifically, the index slipped 0.1 to 49.9, which was nearly in-line with the expected reading of 50.0. A reading below 50 reflects contraction in manufacturing. On a positive note, the prices paid index declined to 77.0 from 88.5, suggesting an easing in inflationary pressures.Separately, July construction spending showed a continued poor trend. Housing remains the weakest area in the economy, although Briefing.com expects a leveling off in the months ahead. Specifically, construction spending fell a larger-than-expected 0.6%, versus the expected 0.4% decline. However, the current level of spending is actually above estimates after the June change was revised sharply higher to +0.3% from -0.4%. DJ30 -26.63 NASDAQ -18.28 NQ100 -1.2% R2K -0.1% SP400 -1.0% SP500 -5.25 NASDAQ Adv/Vol/Dec 1367/1.95 bln/1510 NYSE Adv/Vol/Dec 1521/967 mln/1450 .… AP Business Highlights …        U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-29-08) DOW -171.63 NASDAQ – 44.12 S&P – 17.85 [ Still sugar-coated for election year but spending down to lowest level in 3 years with income declining .7% in contrast to previous day’s suckers’ bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $115.46 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $835.20/ SILVER $13.71 / PLATINUM $1,489.80/ DOLLAR= .67 EURO, 109 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.82% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Losses were steep and widespread Friday as all ten of the economic sectors finished lower. The downturn was most apparent in the technology sector, which faltered after a key player issued a disappointing announcement. Government data did little to spur buying in another low volume session. Stocks struggled from the start of the session as Dell (DELL 21.73, -3.48) announced earnings per share results that missed the consensus estimate, then compounded matters by warning of a slowdown in IT spending. That outlook cast a shadow over fellow large-cap tech stocks, like Microsoft (MSFT 27.29, -0.35). Microsoft was pushed out of favor, despite picking up a German a price comparison and shopping site to add to its online portfolio. It is paying $486 million for the site's parent. The Nasdaq 100 closed with a 2.2% loss. Fellow tech player Marvell Technology (MRVL 14.11, -0.65) also finished lower despite announcing better-than-expected earnings per share and solid revenue growth. The general sense of pessimism pervading trade proved too much for the firm's upside surprise. The tech sector, the largest in the S&P 500, finished 2.5% lower, more than any other sector. Its loss was felt in the broader market. Economic data did little to motivate buyers. July personal income fell 0.7%, due largely to the lower amount of fiscal stimulus checks compared with June and May. Excluding the impact from the stimulus, real disposable personal income was up 0.5% in July, which is more than June and May. Personal consumption expenditures (PCE) for July increased 0.2%, as expected. The PCE deflator was up 0.6%, reflecting higher gas prices. Core PCE was up 0.3% for the second month in a row and also in-line with expectations. Oil prices climbed as much as 2.7% during the session, but retreated to finish virtually unchanged near $115.65 per barrel. Oil concluded the week 0.9% higher. The recent fluctuation in oil remains hinged up concern Hurricane Gustav will pinch oil production capacity in the Gulf of Mexico. Even the retreat in oil failed to induce buyers to enter the ring ahead of the long weekend. Volume on the NYSE has been trending at its lowest level of the entire year during recent sessions. Shares exchanged failed to break 1 billion for the tenth straight session. At their best levels, the Dow traded just below the unchanged mark, while Nasdaq was showing a loss of 0.8% at its session high. The S&P 500 was showing a loss of 0.2% at its best level, but finished at a session low.DJ30 -171.22 NASDAQ -44.12 NQ100 -2.2% R2K -1.1% SP400 -1.1% SP500 -17.85 NASDAQ Adv/Vol/Dec 1034/1.58 bln/1789 NYSE Adv/Vol/Dec 1140/959 mln/1932.… AP Business Highlights …        U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-28-08) DOW +213 NASDAQ +29 S&P +19 [Absolutely, Absurdly, Ridiculous! Suckers bear market rally on light volume so great time to sell/take profits while you can since all problems remain] Election-year feel good typically false/embellished at best temporary report on GDP 58% better than private forecasts along with that bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), as one of Motek’s experts says GDP number from government, at best temporary blip from rebate stimulous (those election-year monies/printed Weimar dollars debt-ridden u.s. doesn’t really have) and multi-national exports on weak dollar, seventh staight monthly decline in payrolls in this real recession, and continued problems in financial sector/real estate/defaults/writedowns; while another seasoned expert says doesn’t look good particularly for third and fourth quarters. Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $115.59 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $833/ SILVER $13.58 / PLATINUM $1,438/ DOLLAR= .67 EURO, 109 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.83% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Thursday marked another low volume session for stocks, but the lack of buying conviction didn't stop the major indices from trending more than 1% higher to finish near session highs. The advance was prompted by encouraging economic data, retreating oil prices, and leadership from the financial sector. Trading volume on the NYSE failed to break one billion shares for the ninth straight session. Volume typically exceeds the one billion shares mark with relative ease. The lack of trading suggests there may be little conviction behind the stock market's recent moves. Nonetheless, the session's advance remains pleasing to bullish investors. Stocks took off early following the announcement of second quarter GDP data. Growth was revised upward to 3.3% from a previously reported 1.9%. Exports and personal consumption played a key role and suggested the economy is faring far better than many headlines suggest. Additionally, trends in the data suggest third quarter GDP will expand at a similar rate. Initial jobless claims for the week ending Aug. 23 fell 10,000 to 425,000. Meanwhile, the four-week moving average retreated to 440,250 from 446,250. The numbers reflect soft labor conditions and indicate a modest decline for August nonfarm payrolls is likely. Crude futures climbed as much as 2% early on, moving higher on fear that Hurricane Gustav will disrupt Gulf production. As those fears subsided and a larger-than-expected build in natural gas inventories was announced oil dropped as much as 3.4%. It closed more than 2% lower, near $115.55. Crude's retreat pushed the energy sector into the red. It finished 0.8% lower and was the only sector in the S&P 500 unable to post a gain. Softer oil prices helped consumer discretionary stocks. Specifically, retailers fared well. Although, their performance is also attributable to a batch of better-than-expected earnings per share results from group members Genesco (GCO 35.58, +2.59), Coldwater Creek (CWTR 7.49, +0.55), Men's Wearhouse (MW 21.61, +1.60), Tiffany & Co. (TIF 43.85, +4.24), and Zale Corp. (ZLC 27.92, +4.77). The session's prevailing sense of optimism helped participants look past mixed outlooks from several of the retailers. Even Sears Holdings (SHLD 90.62, +3.64) climbed higher, despite missing the consensus earnings per share estimate. The financial sector was the primary beneficiary of the session's buying efforts. It closed 4.5% higher. Providing the most influence were diversified financial service companies, which finished with a 5.4% gain. Fannie Mae (FNM 7.95, +1.47) and Freddie Mac (FRE 5.28, +0.53) were a couple of the highest fliers, though. Fannie announced last evening it is shaking-up its management team to control credit losses, conserve capital, and provide liquidity to the mortgage market. Thrifts and mortgage lenders closed with a 10.9% advance. Of the major indices, the Dow posted the largest advance. Its only component to finish lower was Coca-Cola (KO 53.12, -0.67), which was downgraded at Credit Suisse to Neutral from Outperform. Week-to-date, the Dow is up 0.7%, the S&P 500 is up 0.6%, but the Nasdaq is down 0.2%.DJ30 +212.67 NASDAQ +29.18 NQ100 +0.8% R2K +2.0% SP400 +1.6% SP500 +19.02 NASDAQ Adv/Vol/Dec 2078/1.63 bln/753 NYSE Adv/Vol/Dec 2485/956 mln/646.… AP Business Highlights …        U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-27-08) DOW +90 NASDAQ +20 S&P +10 [Absolutely, Absurdly, Ridiculous! That bastion of american credibility, the scandal scarred prevaricating commerce department comes through with fraudulent talking point for the wall street frauds with durable goods numbers exceeding private economist estimates by 400% (I don’t think so!), Motek’s expert says FDIC might have to borrow from treasury [ FDIC may borrow money from Treasury ], second largest quarterly loss on record from thrifts at $5.4 billion, Fannie/Freddie fail the performance test, and precipitous fall in leading economic indicators indicative of deeper/longer recession that we’re already in so high allocation to cash/low allocation to stocks. The Real Rate of Inflation is 13% No way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $118.15 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $3.91 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $826/ SILVER $13.46 / PLATINUM $1,427/ DOLLAR= .67 EURO, 109 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.77% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Stocks rose Wednesday in a thinly traded and choppy session. An encouraging reading related to the manufacturing sector helped offset disappointment over the third straight gain in oil prices.Volume was very light, with only 820 million shares exchanging hands on the NYSE -- marking the lowest level in 2008, and the fifth consecutive session marking a new low.In economic news, the July durable goods orders report is a positive sign for the economy and contradicts the impression of a weak manufacturing sector. Orders rose a strong 1.3% month-over-month, topping the expected unchanged reading. Excluding transportation, orders rose 0.7%, which is better than the median economist forecast that called for a decline of 0.7%.Enthusiasm over the durable orders report was held in check by a gain in crude prices, which rose 1.8% to $118.31 per barrel. The buying interest in crude was fueled by increased threats that Tropical Storm Gustav may disrupt production in the Gulf of Mexico. The National Oceanic Atmospheric Association said this morning that Gustav is on track to hit Louisiana early Monday as a major hurricane.Crude oil traders analyzed the government's weekly energy report, which showed a small, but unexpected, decline in crude inventories. Gasoline inventories declined by a smaller-than-expected amount.Nine of the ten sectors posted a gain. Some of the more beaten down areas saw notable buying interest, with the thrifts and mortgages group climbing 5.4% and homebuilding stocks advancing 6.3%.Financials rose 1.7%, with Fannie Mae (FNM 6.48, +0.86) and Freddie Mac (FRE 4.73, +0.76) once again rallying. Standard and Poor's reaffirmed the GSE's senior debt ratings after Tuesday's close.The energy sector was a standout, benefiting from the rise in oil prices. In addition, "crack spreads" widened as the price of gas (+2.4%) rose faster than the price of oil, giving a boost to refiners (+5.0%).Health care stocks underperformed, falling 0.1%. Amylin Pharmaceuticals (AMLN 20.48, -6.76) tumbled 25%, after it and partner Eli Lilly (LLY 46.87, -0.15) announced that there have been four additional deaths of patients taking the diabetes drug Byetta. Separately, Bristol-Myers Squibb (BMY 21.53, -0.45) and Pfizer (PFE 19.08, -0.20) fell after results from a phase three study of Apixaban, an anti-clotting drug, did not meet expectations.DJ30 +89.64 NASDAQ +20.49 NQ100 +0.7% R2K +1.3% SP400 +1.3% SP500 +10.15 NASDAQ Adv/Vol/Dec 1816/1.56 bln/966 NYSE Adv/Vol/Dec 2383/821 mln/730.… AP Business Highlights …        U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-26-08) DOW +26.62 NASDAQ – 3.62 S&P +4.67 [Absolutely, Absurdly, Ridiculous! There is no way to credibly spin the record real estate price declines on high volume of foreclosure sales/high unsold inventories, high inflation as other than the economic debacle it is, Motek’s expert reiterates reality of this bear market, that stocks will resume slide, good time to sell since pricey/frothy at avg. 24 P/E, that Freddie/Fannie bailout/gov’t. takeover inevitable, more troubled banks [ FDIC's Problem Banks List Balloons (at TheStreet.com) ] as loan defaults extend losses in sub-prime, to now prime, commercial, student loans, credit cards, even as inflation up, and outlook very bleak. Previously, another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $116.10 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $3.93 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $823.58/ SILVER $13.53 / PLATINUM $1,395/ DOLLAR= .67 EURO, 109 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.79% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… The major indices ended Tuesday mixed in a choppy session that marked the lowest volume of the year. Corporate news was light, but there was plenty of economic data and movement in commodities. The S&P 500 posted a 0.4% gain with seven of the ten economic sectors in the green as traders digested a spike in crude prices and several better-than-expected economic releases. Only 856 million shares exchanged hands on the NYSE, marking the lowest amount of volume in 2008. Crude prices traded in a volatile manner, falling 2.4% in early trade, and then spiking to a gain of 2.4% on threats of a hurricane disrupting production in the Gulf of Mexico. Crude prices eventually settled with a gain of 1.0% at $116.26 per barrel, while natural gas prices rallied 5.7%.The energy sector (+1.8%) provided leadership, benefiting from the gains in crude and natural gas prices. Anadarko Petroleum (APC 61.54, +3.70) gave the sector an added boost after the company authorized a share repurchase program of up to $5 billion.Financials stocks fell to a 1% loss in afternoon trading on news that the FDIC increased the number of problem institutions to 117 in the second quarter from 90, with assets at problem institutions increasing to $78 billion from $26 billion. This headline is not as bad as it seems, considering $32 billion of the asset increase was due to IndyMac (which already failed) and 98% of institutions remain well capitalized. As a result, financials recovered from the knee-jerk reaction to the headlines to finish the day with a 0.7% gain.The tech sector was the worst-performing area with a 0.4% loss. The tech-heavy Nasdaq composite posted a loss of 0.2% as a result. On the economic front, July new home sales rose 2.4% to a seasonally adjusted annualized rate of 515,000 from a downwardly revised June reading of 503,000, according to the U.S. Department of Commerce. Economists expected 525,000 sales. New home sales are down 35% from the prior year, but have held somewhat steady near 500,000 in recent months.The S&P/Case-Shiller 20 city composite posted a 15.9% year-over-year drop in home prices in June. This marks the largest decline on record, but was slightly better than the expected 16.2% decrease. In addition, the acceleration of the decline is moderating, indicating that a bottoming in the housing industry is taking place. A separate report from OFHEO showed flat home prices in June compared to May, which topped expectations. Homebuilding stocks fell 2.9%.Consumer confidence rose 9.6% month-over-month in August to 56.9, topping the median economist estimate of 53.0. The survey shows increased plans to buy a car, a home and major appliances within the next six months.Briefing.com does not put much weight into confidence surveys compared to hard data. Nonetheless, the reading counters conventional wisdom that the consumer is going into retrenchment mode.Separately, the FOMC released the minutes from its Aug. 5 meeting. The minutes did not tell the market anything it did not already know, and as a result had a limited trading impact. DJ30 +26.62 NASDAQ -3.62 NQ100 -0.2% R2K +0.4% SP400 +0.5% SP500 +4.67 NASDAQ Adv/Vol/Dec 1520/1.46 bln/1296 NYSE Adv/Vol/Dec 1961/856 mln/1145.… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-25-08) DOW - 241.81 NASDAQ – 49.12 S&P – 25.36 [Another bank failure, but they say existing home sales up greater than expected 3.1%…but from auction/foreclosure sales (40%), prices down 7% (-22% in land of fruits and nuts) and inventories of for sale/unsold homes at new record high since tracking began in 1968 and worse to come, Chicago index of manufacturing down indicating further economic weakness and Motek’s expert says ‘put’ activity indicates at least 10-15% more downside from here/government bailout ot fannie/freddie inevitable and f/f stock worthless as all news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflationary Weimar dollars like mad soothed (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $115.11 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $3.92 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $826/ SILVER $13.37 / PLATINUM $1,413/ DOLLAR= .67 EURO, 109 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.88% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… The stock market started the week on a sharply lower note in the lightest trading volume of the year. Overall it was a slow news day, although there were several negative headlines out of the financial sector.Trading volume was very light with only 865 million shares exchanging hands on the NYSE, so it is not clear how much conviction was behind this session's move. Still, buyers showed little interest, considering that 95% of stocks within the S&P 500 posted a loss. All ten economic sectors declined at least 1%.Although weakness was widespread, the financial sector (-3.1%) took the brunt of the selling pressure. Shares of AIG (AIG 18.78, -1.09) fell to their lowest level in 13 years after the company had its third quarter earnings estimate cut to a loss of $0.86 per share at Credit Suisse. The insurance giant also had its credit ratings placed on a negative watch at Fitch Ratings.Lehman Brothers (LEH 13.54, -0.87) struggled after South Korean regulators told the Korea Development Bank to take a cautious approach before making an acquisition of an overseas bank, according to the Financial Times.  The state-run bank expressed interest in Lehman during the previous week.Regional bank Columbian Bank and Trust Company was closed by banking regulators over the weekend. While the bank only has $752 million in assets, it is still a reminder that more bank failures are a real possibility.Only three of the financial sector's 89 components posted a gain. Freddie Mac's (FRE 3.32, +0.51) $2 billion debt offering received increased interest from investors, sending shares of the struggling government-sponsored enterprise sharply higher. Fannie Mae (FNM 5.31, +0.31) rose in conjunction with Freddie. Bond insurer MBIA (MBI 10.83, +0.63) rose on no specific news item.Other sectors that posted large losses include consumer discretionary (-2.4%), materials (-2.3%) and telecom (-2.2%).The defensive-oriented utilities sector (-1.1%) outperformed on a relative basis, benefiting from a rally in the long end of the Treasury yield curve, with the 10-year note climbing 23 ticks and the 30-year bond gaining 38 ticks.The energy sector (-1.5%) also outperformed on a relative basis, after crude oil prices posted a modest gain of 0.5% to $115.12 per barrel in volatile trade.In economic news, the National Association of Realtors existing home sales report for July was mixed, but signals that a bottoming process in housing industry is taking shape. The number of home sales rose by a larger-than-expected amount, while home prices declined and the amount of unsold inventory rose to the highest level since at least 1999.Specifically, July existing home sales rose 3.1% month-over-month to a seasonally adjusted 5.00 million annual rate, which follows the 2.8% decline in June. This tops the median economist estimate that called for 1.1% growth to 4.91 million.Existing home sales are down 13.2% year-over-year, and have an inventory supply of 11.2 months, compared to the 2007 average inventory supply of 8.9 months. The inventory of single family homes, however, improved to a 10.6 months supply from 11.0, which indicates that falling prices are helping to stimulate demand.The median sales price fell 1.3% month-over-month to $212,400, and is down 7.1% compared to last year. DJ30 -241.81 NASDAQ -49.12 NQ100 -2.2% R2K -2.3% SP400 -2.0% SP500 -25.36 NASDAQ Adv/Vol/Dec 603/1.44 bln/2212 NYSE Adv/Vol/Dec 710 mln/865 mln/2424 .… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-22-08) DOW +197.85 NASDAQ +34.33 S&P +14.48 [Absolutely, Absurdly, Riduculous! All news decisively bad beyond expectations though fudged to upside for election year and yet bernanke who is printing worthless hyperinflaionary Weimar dollars like mad soothes (gives them fraudulent talking point) the frauds on wall street saying essentially the economy is so bad inflation less of a problem (and no interest rate hike-old news because of economic weakness and bad for dollar) sparking suckers bear market rally on light volume, Buffett: We're still in a recession, leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived though some fluctuations to upside on speculation other economies will tank.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $114.59 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $3.88 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.66 DIESEL)/ GOLD $822.20/ SILVER $13.33 / PLATINUM $1,417/ DOLLAR= .67 EURO, 109 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.88% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Stocks finished the week on a strong note, but the lack of volume suggested there was little conviction behind the buying. Moreover, despite the strong finish, the major indices concluded the week with a loss. The session's tone was upbeat from the start, following a report from Reuters that Korea Development Bank may be interested in acquiring Lehman Brothers (LEH 14.41, +0.69). That encouraged traders to enter the investment banking industry (+3.4%), which has been hit during recent sessions as various analysts have cut their earnings estimates. Interest in the financial sector waned, though, when Moody's Investors Service downgraded the ratings on preferred shares of Fannie Mae (FNM 5.00, +0.15) and Freddie Mac (FRE 2.81, -0.35) to Baa3 from A1. Since those shares are held by many other financial institutions there is concern that a government-led bailout of the pair would result in major write-downs elsewhere. Famed investor Warren Buffett stated in a CNBC interview that Fannie and Freddie are looking for private investment. Buffett also offered positive comments on the attractive values currently offered by stocks and said that he doesn't have any bets against the dollar, which climbed 0.8% after slipping in the previous session. Fed Chairman Bernanke stated in a separate speech that the trends in the dollar are likely to slow inflation. Those comments helped participants look past the troubles of Fannie and Freddie, as well as word from Reuters that hedge fund Ore Hill is limiting redemptions.  Financials posted the largest gain of any economic sector, climbing 3.1%. Traders were also encouraged oil prices rolled over in the face of a strengthening dollar, profit-taking, and news shipments are flowing again through a previously closed Turkish pipeline. Crude climbed more than 5% yesterday, but reversed the advance to finish below $115 per barrel. Crude remains nearly 20% higher year-to-date. The drop in oil prices fueled buying in airline stocks and oil sensitive areas like consumer discretionary stocks. The Amex Airline Index finished 8.2% higher and the consumer discretionary sector finished up 2.2%. Gap (GPS 19.88, +0.87) also played a supporting role in the consumer discretionary sector. It announced better-than-expected earnings per share results and offered in-line guidance. Although the session's gains were pleasing, there is actually less to them than meets the eye when taking into account the light volume that has accompanied the move. Total volume didn't even break 900,000 on the NYSE.Each of the major indices closed the session with a gain in excess of 1%. For the week, though, the Dow closed 0.3% lower, the Nasdaq shed 1.5%, and the S&P 500 lost 0.5%.DJ30 +197.85 NASDAQ +34.33 NQ100 +1.3% R2K +1.7% SP400 +0.9% SP500 +14.48 NASDAQ Adv/Vol/Dec 1983/1.38 bln/797 NYSE Adv/Vol/Dec 2237/889 mln/874 .… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-21-08) DOW +12.78 NASDAQ – 8.70 S&P +3.18 [Absolutely, Absurdly, Riduculous! all news decisively bad beyond expectations though fudged to upside for election year, Leading indicators down .7%, unemployment near record levels,Oil jumps $5 on US-Russia tensions, sliding dollar , hence great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc.,. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $121.18 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $4.00 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $4.66 DIESEL)/ GOLD $839/ SILVER $13.74 / PLATINUM $1,389/ DOLLAR= .67 EURO, 109 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.83% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Despite resurging commodity prices, the stock market concluded Thursday with a fair gain. All three of the major indices opened lower and traded with sizeable losses, but were able to close well above their lows. Crude climbed as much as 5.6% to eclipse the $122 per barrel mark. That's the highest price crude has seen in two weeks. Crude prices remain more than 21% below their 52-week high. The CRB Commodity Index also made a strong advance, climbing 3.7% for the session. Commodities, in general, were helped by a weaker dollar. The dollar shed 1.1% against a basket of major foreign currencies. The dollar has gained strength during recent sessions as concerns regarding the health of the world economy weighed on currency traders. While the U.S. economy continues to slog along, data is not at recession-like levels. Initial jobless claims for the week ending Aug. 16 fell 13,000 to 432,000, which is below the 440,000 claims economists forecast. The 4-week moving average for jobless claims remains elevated, advancing to 445,750 from 438,500. Trading volume was relatively light as there were no market-moving earnings releases. Still, Limited Brands (LTD 20.28, +2.31) and H. J. Heinz (HNZ 51.99, +0.28) reported positive upside EPS surprises. Shares of LTD jumped, reflecting the good news. Weakness was apparent in large-cap financials and large-cap tech stocks, though they finished off their respective lows. Investment banks concluded the session with a 0.6% loss after being down as much as 2.8%, thanks to help from Merrill Lynch (MER 24.34, -0.07) and Lehman Brothers (LEH 13.72, -0.01). Merrill is reportedly scheduled to meet with a Korean sovereign wealth fund and Bloomberg.com reported Singapore's state-owned fund, Temasek, may increase its stake in shares of MER. Temasek is already the largest shareholder. Lehman Brothers was upgraded to Buy from Neutral at brokerage firm Ladenburg Thalmann. However, an analyst from Citigroup cut earnings estimates for Lehman Brothers, Goldman Sachs (GS 156.42, -1.83), and Morgan Stanley (MS 37.06, -0.34), according to Reuters. Weakness in Intel (INTC 23.05, -0.34) and Apple (AAPL 174.29, -1.55), along with other large-cap tech names, weighed on the tech-rich Nasdaq. However, it closed off its session low, which equated to a 1.2% loss. Strength in oil companies Exxon Mobil (XOM 80.35, +1.54) and ConocoPhillips (COP 85.05, +4.20) helped the Dow and S&P 500 outperform the Nasdaq. The Dow and S&P 500 were down 0.9% and 0.7% at their lows, respectively, before finishing in positive territory.DJ30 +12.78 NASDAQ -8.70 NQ100 -0.3% R2K -0.9% SP400 +0.1% SP500 +3.18 NASDAQ Adv/Vol/Dec 1041/1.56 bln/1715 NYSE Adv/Vol/Dec 1363/912 mln/1752.… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-20-08) DOW +68.88 NASDAQ +4.72 S&P +7.85 [Absolutely, Absurdly, Riduculous! Great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived.   Wholesale prices: Highest annual rate in 27 years . The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc., all news bad though fudged to upside for election year. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $114.98 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $4.00 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $4.66 DIESEL)/ GOLD $817/ SILVER $13.10 / PLATINUM $1,351/ DOLLAR= .67 EURO, 109 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.80% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Stocks settled with solid gains following a late-day surge in what was a volatile session on a relatively slow news day. Volume was light, as it has been throughout the week.Six of the ten economic sectors posted a gain as market participants digested a massive build in crude oil inventories, speculation that government sponsored enterprises Fannie Mae (FNM 4.47, -1.54) and Freddie Mac (FRE 3.23, -0.94) will need a government bailout and solid earnings from Hewlett-Packard (HPQ 46.20, +2.51).Crude oil prices traded in volatile fashion, which exacerbated the stock market's choppy session. The government released its weekly energy report, which showed a 9.3 million barrel increase in crude stockpiles -- the largest since 2001. Prices were up 2.2% at session highs and down 1.7% at session lows before settling with a modest gain of 0.4% at $114.98 per barrel.The financial sector saw large swings -- falling as much as 1.6% and rising as much 1.8% -- as market participants speculated if Fannie Mae and Freddie Mac would need to be bailed out by the federal government. There was no specific item that prompted the steep declines in Fannie and Freddie, although several reports addressed the issue of a bailout -- including a Wall Street Journal article that said Freddie executives were set to meet with Treasury Department officials.Still, investors looked past the Fannie and Freddie turmoil, sending financials to a 1.7% gain with notable strength in diversified banks (+3.7%).Hewlett-Packard reported quarterly earnings of $0.83, which topped expectations by three cents thanks to 10.5% year-over-year revenue growth that was driven by strong notebook sales and the weak dollar. The Dow component also issued fiscal fourth quarter earnings guidance that was above estimates. HPQ rose 5.8% for the day, but the broader tech sector was unable to post much of an advance, up just 0.3%.Commodity related stocks saw the most buying interest. The energy sector rallied 2.8%, with strength in oil production and exploration companies (+5.0%). The materials sector rose 2.1%, as diversified mining company Freeport McMoRan (FCX 90.91, +6.21) rallied 7.3% on no specific news item. DJ30 +68.88 NASDAQ +4.72 NQ100 +0.2% R2K +0.2% SP400 +0.4% SP500 +7.85 NASDAQ Adv/Vol/Dec 1379/1.77 bln/1414 NYSE Adv/Vol/Dec 1654/1.07 bln/1448 .… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-19-08) DOW -130.84 NASDAQ – 32.62 S&P – 11.91 [Wholesale prices: Highest annual rate in 27 years .Still great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. The Strong Dollar Illusion . Housing starts and building permits posted steep declines. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc., all news bad though fudged to upside for election year. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $114.53 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $4.01 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $4.66 DIESEL)/ GOLD $817/ SILVER $13.10 / PLATINUM $1,351/ DOLLAR= .67 EURO, 109 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.8420% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… The stock market posted a 0.9% loss Tuesday, as continued concerns regarding financials, an increase in wholesale inflation and a rebound in crude oil prices weighed on investor sentiment.The July Producer Price Index brought disappointing news, although the CPI report last week showed some cost-push inflation pressures, so the PPI reading is not a complete surprise. Total PPI rose 1.2% in July (consensus 0.6%) and core PPI, which excludes food and energy, rose 0.7% (consensus 0.2%). That leaves the year-over-year increase for total PPI at 9.8% -- the highest since 1981. Core PPI is up 3.5% year-over-year, the highest level since 1991.In other economic news, July housing starts and building permits posted steep declines, although this was partially due to a change in permit applications requirements during June. Starts fell 11% to a 965,000 annual rate (consensus 960,000) and building permits dropped 17.7% to a 937,000 annual rate (consensus 970,000). Homebuilding stocks fell 3.6%.Eight of the ten economic sectors posted a loss in broad-based weakness.The financial sector (-3.0%) acted as the main drag. AIG (AIG 20.37, -1.23) tumbled 5.7% after Goldman Sachs said there is an increased chance that the insurance giant may need to raise more capital, according to Reuters. Lehman Brothers (LEH 13.10, -1.93) fell 12.8% following several negative media reports, including a Wall Street Journal article that said Lehman's third quarter has turned ugly.Meanwhile, Fannie Mae (FNM 6.04, -0.11) and Freddie Mac (FRE 4.18, -0.21) were unable to recover from the previous session's steep decline. Freddie sold new five-year notes at 4.172%, which is 113 basis points more than the five-year Treasury Note. The large spread over Treasuries indicates market participants continue to show some apprehension regarding debt from Freddie, despite the implied guarantee from the U.S. government.Consumer discretionary stocks (-2.2%) also came under pressure, with the rise in crude prices and discouraging news from several retailers (-2.7%) prompting the selling interest. Home Depot (HD 26.05, -0.91) and Target (TGT 49.74, -0.31) both reported year-over-year declines in quarterly net earnings, although the results topped Wall Street's forecast. Still, the companies' stocks posted a decline. Meanwhile, department store operator Saks (SKS 10.32, -0.90) tumbled 8.0% after posting a larger-than-expected quarterly loss. Staples (SPLS 23.56, -1.02) fell 4.2% in response to its second quarter profit outlook that fell short of estimates.The energy sector (+2.8%) received a boost, with oil and gas exploration stocks (+4.3%) benefiting from the 2.2% rise in crude prices.With regard to crude, prices traded in a volatile manner on no specific news. Oil posted a loss of 1.1% at session lows, and was up 3.4% at session highs. Tomorrow, oil will once again be in focus with the government's weekly energy data set for release at 10:35 AM ET. DJ30 -130.84 NASDAQ -32.62 NQ100 -1.2% R2K -1.6% SP400 -1.0% SP500 -11.91 NASDAQ Adv/Vol/Dec 755/1.74 bln/2035 NYSE Adv/Vol/Dec 855/1.01 bln/2274.… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-18-08) DOW -180.51 NASDAQ –35.54 S&P –19.60 [Still great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc., all news bad though fudged to upside for election year. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $112.87 (RECORD TRADING HIGH $147.27) GAS $3.83(reg. gas in LAND OF FRUITS AND NUTS $3.98 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $4.66 DIESEL)/ GOLD $800/ SILVER $13.05 / PLATINUM $1,377/ DOLLAR= .67 EURO, 109 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.82% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… News flow was relatively light Monday, but participants still found an excuse to take money off the table. Their selling efforts pushed the major indices substantially lower; each finished a bit above their session lows. The early morning mood had been generally upbeat, but as oil prices reversed declines, stocks were sent lower. Stocks then stayed there for the rest of the session as focus returned to the troubles of government-sponsored enterprises Fannie Mae (FNM 6.15, -1.76) and Freddie Mac (FRE 4.39, -1.46), even though crude settled lower below the $113 per barrel mark. The two were spotlighted in a weekend Barron's article that suggests the Treasury may need to recapitalize the duo sooner rather than later. Trading volume climbed in the two, but the increase was not reflected in the broader market. The lack of volume in the broader market suggests there is no real fear in the market for this matter. Instead, it provided an excuse for participants to take profits. Despite the session's decline the stock market is still up 6.5% and the financial sector is up 22% since the July 15 low. The financial sector finished the session 3.6% lower. Other news stories were given secondary status. In the tech sector (-1.3%), video game maker Electronic Arts (ERTS 47.76, -0.48) is letting its offer for Take-Two Interactive (TTWO 23.75, -1.09) expire tonight. However, Electronic Arts will join in Take-Two's review of strategic alternatives. Home improvement retailer Lowe's (LOW 24.54, +0.04) posted better-than-expected earnings per share results for its latest quarter, but issued a mixed outlook. Meanwhile, mining outfit BHP Billiton (BHP 65.48, +0.26) posted its sixth record full-year profit and offered an upbeat outlook, according to an article in this morning's edition of The Wall Street Journal. Still, without any clear leader and selling abounding, only one sector was able to finish the session with any sort of gain: the defensive-orientated utilities sector (+0.1%). Utilities hit a 52-week low earlier this month and are up little more than 2% since. DJ30 -180.51 NASDAQ -35.54 NQ100 -1.3% R2K -1.5% SP400 -1.3% SP500 -19.60 NASDAQ Adv/Vol/Dec 880/1.68 bln/1935 NYSE Adv/Vol/Dec 888/984 mln/2228.… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-15-08) DOW +43.97 NASDAQ –1.15 S&P +5.27 [Absolutely, Absurdly, Riduculous! That hub of global manufacturing buzzing (riiiiight!) as empire state index as measured by private economists expected to fall -4.2% but is reported up +2.8% (almost 300% better-I don’t think so, and don’t buy the Brooklyn bridge, watches, swamp land in jersey, etc.), inflation news double expectations Bracing for Inflation August 15, 2008 (BusinessWeek Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009), real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc., all news bad though fudged to upside for election year, and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $113.77 (RECORD TRADING HIGH $147.27) GAS $3.85(reg. gas in LAND OF FRUITS AND NUTS $4.07 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $4.66 DIESEL)/ GOLD $792.10/ SILVER $12.82/ PLATINUM $1,388.20/ DOLLAR= .665 EURO, 109 YEN, .53 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.86% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… The week's final trading session concluded in mixed fashion as results were mixed across the major indices. The Dow and the S&P 500 closed the session up 0.4%, yet the Nasdaq posted a modest decline of 0.1%. For the week, the Dow closed 0.6% lower and the S&P 500 finished 0.1% higher, while the Nasdaq posted a healthy gain of 1.6%. Participants initially pushed the major indices higher as several retailers provided better-than-expected earnings per share results and a strong dollar helped undercut commodity prices further. Yet the sense of bullishness during the early going waned in afternoon trade as retailers lacked the strength to help the broader market and no market-moving leader emerged. Kohl's (KSS 51.79, +3.52), Nordstrom (JWN 31.54, +1.32), JCPenney (JCP 39.94, +3.11), and Abercrombie & Fitch (ANF 52.59, +0.02) each announced earnings per share results that exceeded analysts' dour estimates. The upside surprise is indicative that the consumer has not rolled over. However, the retailers did issue cautious guidance, indicating a lack of confidence in the coming quarters. In the end, retailers finished the session 1.8% higher, besting the major indices again. Helping improve investors' outlook for retailers was another drop in oil prices, thanks largely to a stronger dollar. The dollar index climbed nearly 0.7% as crude shed more than 1% to settle below $114 per barrel. Strength in the greenback also helped push the CRB Commodity Index roughly 1.8% lower. Crude prices are still up more than 18% year-to-date and the CRB is up 6.6% year-to-date. The weakness in commodities pushed the energy sector 1.8% lower and materials 0.4% lower.   The financial sector was unable to sustain hefty gains from early in the session. Though settling 1.1% higher, the sector was touting a 2.6% advance shortly after opening bell. Financials have been mired somewhat during recent sessions by uncertainty surrounding auction rate securities settlements. Allegations have been made against several major Wall Street firms that clients were duped into purchasing what were marketed as safe investment vehicles, but they later proved to be risky and illiquid. Participants looked past a batch of economic data that indicated manufacturing activity is holding up better than anticipated. Industrial production climbed 0.2% during July, which follows a 0.4% increase in June. Economists expected the latest reading to be flat. Additionally, the Empire State Manufacturing Index, a regional survey of manufacturers conducted by the New York Fed, came in at 2.8. It was expected to come in at -4.2. DJ30 +43.97 NASDAQ -1.15 NQ100 -0.4% R2K -0.1% SP400 -0.1% SP500 +5.27 NASDAQ Adv/Vol/Dec 1347/1.77 bln/1463 NYSE Adv/Vol/Dec 1639/1.17 bln/1455 .… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-14-08) DOW +82.97 NASDAQ +25.05 S&P +7.10 [Absolutely, Absurdly, Riduculous! Inflation news double expectations, real estate falling, U.S. Foreclosures Rise 55%, Bank Seizures Reach High , unemployment at recession levels, etc., all news bad though fudged to upside for election year, and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $115 (RECORD TRADING HIGH $147.27) GAS $3.85(reg. gas in LAND OF FRUITS AND NUTS $4.07 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.00 DIESEL)/ GOLD $814.50/ SILVER $14.23/ PLATINUM $1,465/ DOLLAR= .65 EURO, 109 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.89% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Stocks settled with healthy gains Thursday, though short of their session high. Still, the advance was well-received after a downward open followed disappointing economic data. After being down 0.7% the S&P 500 climbed to a gain of 1.1% midday, but finished 0.6% higher. At its current level the S&P 500 is facing a week-to-date loss of 0.3%. Receding oil and commodity prices helped quell fears that worse-than-expected July inflation would persist. The decline in crude and commodities was partially owed to strength in the dollar, which is beginning to look more attractive as foreign economies wane. Those trends helped bolster buying in equities. According to July data, the Consumer Price Index (CPI) was up 5.6% year-over-year, thanks to higher food and energy costs. That was more than forecast and higher than June. Excluding food and energy, the CPI advanced 0.3% for July, also higher than expected. The increase in the core suggests higher import prices and recent pressures on commodity prices have led to some cost-push inflation. However, the August CPI will probably be much better, given the recent decline in oil and commodity prices. Those trends persisted as crude prices and commodity prices finished almost 1% lower after the dollar advanced roughly 0.6% against a basket of major foreign currencies this session. The dollar's recent strength is based on concerns related to slower growth in other major economies. Supporting that notion, Europe's economy contracted for the first time since the introduction of the euro almost one decade ago. Eurozone GDP fell 0.2% in the second quarter. The two largest sectors in the S&P 500, technology (+0.7%) and financials (+2.6%), helped lift the major indices, as did better-than-expected earnings reports from Wal-Mart (WMT 58.10, +0.22), Urban Outfitters (URBN 35.40, +1.35), and Estee Lauder (EL 51.25, +6.29). Their numbers helped retailers advance 2.1%, collectively, and provide evidence that consumers continue to spend despite looser labor markets. Initial jobless claims totaled 450,000 for the week ending Aug. 9. Though weekly claims fell 10,000, the four-week moving average rose 19,000 to 440,500, which reflects deterioration in the labor market.DJ30 +82.97 NASDAQ +25.05 NQ100 +1.2% R2K +0.9% SP400 +0.8% SP500 +7.10 NASDAQ Adv/Vol/Dec 1740/1.86 bln/1109 NYSE Adv/Vol/Dec 1999/1.00 bln/1101 .… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-13-08) DOW –109.51 NASDAQ –1.99 S&P –3.76 [Note the rotation into the obscure world of so-called tech which provides, as in prior such ploys (ie., dot-com bust, more recent bust, etc.) the world street frauds with the ability to sell the sizzle since investors and americans generally don’t understand it (ie., iphones are a joke where the so-called “computer” is merely a restrictor of usual computer functions now tied into apple products and government shill co att, and anyone who pays the premium for apple products is a fool), and all news bad albeit fudged to the upside in this election year. Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $116 (RECORD TRADING HIGH $147.27) GAS $3.85(reg. gas in LAND OF FRUITS AND NUTS $4.14 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.00 DIESEL)/ GOLD $826/ SILVER $14.97/ PLATINUM $1,498/ DOLLAR= .65 EURO, 108 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.93% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… The stock market fell 0.3%, with seven of the ten economic sectors posting a loss on Wednesday. The end result is actually pretty decent considering stocks recovered from a 1.1% decline in the face of a spike in crude prices, financial stock downgrades, and sluggish retail sales.Crude prices rallied 2.9% to $116.31 per barrel after U.S. government data showed that crude stockpiles unexpectedly declined and gasoline inventory levels posted a steep drop. Commodities (+2.4%) as a whole also saw a lift, with gold climbing 2.2%.As a result, the energy (+3.4%) and materials (+2.4%) sectors rallied, which helped limit the broader market's decline.Conversely, energy-price-sensitive areas came under pressure, with consumer discretionary stocks falling 1.6%. Retailers were on the defensive, dropping 2.4% as sluggish July retail sales data compounded selling interest.Financials fell 3.0%, which follows the previous session's steep 5% decline. Bank of America (BAC 28.93, -2.20) tumbled 7%, with media reports indicating that several states are suing Countrywide Financial, which the banking giant recently acquired, over Countrywide's lending practices. In addition, Lehman Brothers (LEH 15.71, -0.50) had its earnings estimates cut at Deutsche Bank, while Goldman Sachs (GS 165.12, -2.18), Morgan Stanley (MS 40.17, -2.33) and Lehman Brothers were downgraded to Underperform at Merrill Lynch.Industrial stocks (-0.8%) trailed the broader market. Deere (DE 67.05, -2.30) missed on both the top and bottom line in its fiscal third quarter, and gave a disappointing earnings outlook for its fiscal fourth quarter, citing escalating raw material costs. Caterpillar (CAT 66.90, -1.91) fell in conjunction with Deere, which, along with weakness in BofA was a major factor in the Dow underperforming with a 0.9% loss.In merger and acquisition news, CVS Caremark (CVS 38.08, +0.01) is buying Longs Drug Stores (LDG 70.68, +16.64) for $71.50 per share in cash, or $2.9 billion, which represents a 32% premium to yesterday's closing level.On the economic front, July retail sales data were soft, and will play into the market's concerns about a pullback in consumer discretionary spending. Retail sales fell 0.1%, the first drop since February, although this is in-line with estimates. Excluding gasoline and grocery store sales, retail sales fell 0.3%. DJ30 -109.51 NASDAQ -1.99 NQ100 +0.1% R2K +0.4% SP400 +0.3% SP500 -3.76 NASDAQ Dec/Adv/Vol 1321/1506/2.04 bln NYSE Dec/Adv/Vol 177/1353/1.21 bln.… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-12-08) DOW -139.88 NASDAQ –9.34 S&P –15.72 [Fake trade figures, more writedowns/bad debt, still great opportunity to sell/take profits. Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $113.01 (RECORD TRADING HIGH $147.27) GAS $3.85(reg. gas in LAND OF FRUITS AND NUTS $4.17 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.00 DIESEL)/ GOLD $810.90/ SILVER $14.47/ PLATINUM $1,462/ DOLLAR= .65 EURO, 108 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.92% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Several negative items out of the financial sector sent the stock market tumbling more than 1% on Tuesday, overshadowing the third consecutive drop in crude prices and a decrease in the trade deficit.The financial sector dropped 5.2%. The sector is down 22% from its 52-week high, although it is up 26% from its July 15 multiyear low.UBS (UBS 20.35, -1.34) reported its fourth straight quarterly loss and is separating its business divisions into three independent units. Wachovia (WB 16.04, -2.17) reported a wider second quarter net loss in its SEC filing than was first reported. JPMorgan Chase (JPM 37.99, -3.90) disclosed in a regulatory filing that trading conditions have deteriorated compared to the second quarter, noting that spreads on mortgage-backed securities have widened, causing losses of $1.5 billion since July. JPM had its 2008, 2009, and 2010 earnings estimates cut at brokerage firm Ladenburg Thalmann.Morgan Stanley (MS 42.61, -2.78) said it is going to repurchase $4.5 billion in auction rate securities, but the New York Attorney General said the move is "too little, too late," according to media reports. Morgan Stanley's credit rating was downgraded to A1 from Aa3 at Moody's.Goldman Sachs (GS 166.79, -11.21) had its earnings estimates cut by influential Oppenheimer analyst Meredith Whitney, citing customer volumes, weak global equity markets and weak advisory and underwriting revenue. In addition, Goldman had its earnings estimates cut at Deutsche Bank and Credit Suisse.Although financials were the worst-performing sector by far, there was weakness in other areas as well. Eight of the ten sectors posted a loss, with utilities tumbling 2.1% after Constellation Energy (CEG 61.04, -12.00) said in a regulatory filing that it may have to post collateral if its senior unsecured credit ratings decline below contractual levels.The tech sector (unch) outperformed on a relative basis. Shares of Apple (AAPL 176.87, +3.31) got a boost after Lehman Brothers said iPhone demand may surpass Wall Street's expectations. As a result, the tech-heavy Nasdaq Composite posted a narrower loss than its counterparts.The materials sector (+0.5%) posted the largest gain. Agriculture chemical company Monsanto (MON 111.44, +3.56) gave a strong gross profit growth outlook for its corn seeds and traits business.In typical fashion, crude prices traded in a volatile manner, rising as much as 1.3% before settling with a loss of 1.0% at $113.31 per barrel. There was no clear catalyst for the decline in oil prices.In economic news, the June trade balance unexpectedly narrowed, which will provide a strong boost to third quarter GDP. Specifically, the real (price adjusted) trade deficit fell to $39.1 billion, from $43.1 billion in May.DJ30 -139.88 NASDAQ -9.34 NQ100 -0.01% R2K -0.8% SP400 -1.0% SP500 -15.73 NASDAQ Adv/Vol/Dec 1196/2.08 bln/1608 NYSE Adv/Vol/Dec 1061/1.11bln/2062.… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-11-08) DOW +48 NASDAQ +25 S&P +9 [Absolutely, Absurdly, Riduculous! Just another frothy day in the rabidly fraudulent lunatic world of wall street and great opportunity to sell/take profits since all problems remain and dollar mini-spike short-lived. Fog of war ( U.S. Attacks Russia Through Client State Georgia – don’t believe american lies/propaganda to the contrary) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much greater than expected losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $114.62 (RECORD TRADING HIGH $147.27) GAS $3.85(reg. gas in LAND OF FRUITS AND NUTS $4.17 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.00 DIESEL)/ GOLD $823/ SILVER $14.65/ PLATINUM $1,513/ DOLLAR= .65 EURO, 109 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.99% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… The stock market posted a solid gain on Monday, with notable strength in financials and retailers. The end result was not as strong as it could have been, however, as the stock market gave up half its advance in afternoon trade as crude prices recovered some losses and the Fed said that lending standards have tightened.The stock market inversely tracked oil price movements for most of the session, as there was very little corporate news and no economic data to focus on.The stock market fell 0.4% at its session low and rose 1.3% at its session high, which corresponded with crude's high of 1.5% and low of -2.2%. Crude prices eventually ended the session with a loss of 0.5% at $114.62 per barrel, while the stock market posted a gain of 0.7%.Meanwhile, according to the Fed's latest survey, domestic financial institutions tightened their lending stands on all major loan categories over the past three months. Specifically, 75% of domestic respondents tightened requirements for lending standards on prime mortgages, which is up from the previous survey's reading of 60%.The financial sector ended the day with a gain of 1.7%, a substantial retreat from its session high when it was up as much 3.8%. Consumer finance stocks (+4.0%) saw the most buying interest. Goldman Sachs (GS 176.89, +0.94) underperformed on a relative basis after having its earnings estimates cut at the brokerage firm Ladenburg Thalmann, citing that business has "dried up."Consumer discretionary (+2.5%) stocks were an area of strength. Retailing stocks posted a solid advance of 4.8%, after being up as much as 8.0%. Amazon.com (AMZN 88.05, +7.54) soared 9.4% after Citi said that sales of Amazon's electronic book reader, Kindle, appear to be much stronger than expected. Expect more action out of the retailers this week, with quarterly earnings reports slated from Wal-Mart (WMT 58.49, +0.63) and several major department stores.The energy sector (-0.4%) was a laggard, with a steep drop in coal stocks (-5.2%) acting as a major drag. The materials sector (-0.4%) also posted a loss. Mining stocks came under pressure after gold (-3.8%) and silver (-4.4%) prices tumbled as the dollar rose 0.5%.In corporate news, Waste Management (WMI 36.09, +0.08) raised its offer to purchase Republic Services (RSG 35.05, +0.19) to $37 per share, or $6.73 billion, from $34 per share. This represents a 33% premium to Republic's share price prior to Waste Management's original proposal. Republic said it will review the offer.Food products company Sysco (SYY 31.11, +1.24) said its latest quarterly earnings rose 12% year-over-year to $0.55 per share, which topped Wall Street's forecast of $0.52. The company's results were bolstered by the ability to keep operating expenses in check.Small-cap stocks outperformed, with the Russell 2000 Index climbing 2.3%. This, along with strength in AMZN, helped the Nasdaq Composite (+1.1%) outpace the Dow (+0.4%) and S&P 500, which only contain large-cap stocks.DJ30 +48.03 NASDAQ +25.85 NQ100 +0.8% R2K +2.3% SP400 +0.9% SP500 +9.00 NASDAQ Adv/Vol/Dec 1993/2.30 bln/857 NYSE Adv/Vol/Dec 1955/1.26 bln/1158 .… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters)
(8-8-08) DOW +303 NASDAQ +58 S&P +30 [Absolutely, Absurdly, Riduculous! Fog of war ( U.S. Attacks Russia Through Client State Georgia ) is frauds friend, repeat three times to understand fraudulent wall street euphoria over diversion (Georgia conflict) from their massive fraud which brought much losses at fannie (U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican ) and triple-digit decline to triple digit upswing so especially great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc., economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $115.20(RECORD TRADING HIGH $147.27) GAS $4.00 (reg. gas in LAND OF FRUITS AND NUTS $4.17 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.00 DIESEL)/ GOLD $865/ SILVER $15.33/ PLATINUM $1,545/ DOLLAR= .66 EURO, 109 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.95% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Stocks concluded the week's final session on a strong note, thanks to sinking oil prices. The major indices each advanced more than 2% to close near their session highs. In turn, the Dow, Nasdaq, and S&P 500 finished the week up by 3.6%, 4.5%, and 2.9%, respectively. Friday's plus-4% drop in oil prices induced buying in stocks. Oil finished the week more than 8% lower, though is still up 20% year-to-date. Helping trim oil prices was strength in the U.S. dollar. The greenback found favor after cautions that the European economy would weaken, most likely an adverse effect of tighter credit and higher input costs. The dollar index advanced 1.8%. Fixed income investors bid up the price of bonds as a stronger dollar, lower oil prices, and encouraging unit labor cost data helped ease inflationary expectations. According to government data, unit labor costs were up just 1.3% during the second quarter, which is down from the pace in the previous two quarters. In corporate news, Merrill Lynch (MER 26.87, +0.77) is planning to repurchase auction rate securities from its clients, but the program is being placed under further review for not containing certain investor safeguards. Bank of America (BAC 32.25, +0.73) disclosed certain class actions have been filed against it alleging violations connected with the sale of auction rate securities. Both companies' stocks finished higher. Battered bond insurer MBIA (MBI 8.57, +0.29) also made gains after announcing this morning a surprising second quarter profit of $0.96 per share, excluding extraordinary items. The company also announced the resumption of its share buyback plan. Though the financial sector was able to finish 3.5% higher, not every component fared so well. Hard hit mortgage giant Fannie Mae (FNM 9.05, -0.90) unveiled a wider-than-expected loss earlier today and further disappointed investors by slashing its quarterly dividend to $0.05 from a $0.25. In the end, only the energy sector (-0.6%) finished the session with a loss. It concluded the week 4% lower. DJ30 +302.89 NASDAQ +58.37 NQ100 +2.5% R2K +2.9% SP400 +2.2% SP500 +30.25 NASDAQ Adv/Vol/Dec 1999/2.21 bln/806 NYSE Adv/Vol/Dec 2369/1.24 bln/777 .… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-7-08) DOW –224.56 NASDAQ –22.64 S&P –23.12 [Great opportunity to sell/take profits as glass-half-full kind of frauds point to increase in (foreclosure/auction/forced) home sales (riiiiight!) while they can no longer hide substantially increased unemployment, etc.. Economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $119.96 (RECORD TRADING HIGH $147.27) GAS $4.00 (reg. gas in LAND OF FRUITS AND NUTS $4.27 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.00 DIESEL)/ GOLD $877/ SILVER $16.38/ PLATINUM $1,535/ DOLLAR= .65 EURO, 108 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.93% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… New unemployment benefit claims climbed to a six year high, AIG posted its third consecutive quarterly loss, crude oil prices rose and retailers reported disappointing July same-store sales. In turn, the stock market posted a steep loss on Thursday, with all ten sectors ending the day in negative territory.The financial sector (-5.0%) was the driving force behind the session's weakness, as AIG (AIG 23.84, -5.25) tumbled 18% -- its largest one-day percent decline. AIG lost $5.4 billion in the second quarter, as the insurance giant continues to get battered by the credit market turmoil. On an adjusted basis, AIG lost $0.51 per share, which fell well short of the expected profit of $0.63 per share.Citigroup (C 18.47, -1.23) took financials to session lows after the company agreed to settle allegations from the New York Attorney General that Citi misled investors by marketing auction rate securities (ARS) as safe, cash-like investments, when they were actually facing increasing liquidity risks. Under the deal, Citi will buy back more than $7 billion in illiquid ARS from all Citi retail customers, charities, and small- to mid-sized businesses. Citi will also reimburse all retail investors that sold ARS at a discount after the market failed, and will pay $100 million in fines.Citi said the capital impact of bringing the assets onto its balance sheet is expected to have a minimal impact, although investors did not take solace in the news. Presumably, Citi's action foreshadows settlements from other firms that have also been alleged of wrongdoing in their marketing of ARS.Separately, the S&P 500 Retailing Index fell 2.1%, after 21 of 31 retailers reported July same-store sales that fell short of the Briefing.com consensus -- including two of the most influential names.Wal-Mart (WMT 56.96, -3.80) reported a 3.0% increase in July same-store sales, although shares still fell as the retailing giant was expected to post 3.3% growth. Wal-Mart also gave a conservative outlook, as it typically does.Shares of Target (TGT 45.76, -2.25) fell after the company reported a 1.3% decline in July same-store sales, compared to the expected drop of 0.2%.The tech sector (-0.1%) outperformed on a relative basis. There was notable strength in semiconductor stocks (+2.3%). Intel (INTC 23.67, +0.87) rose 3.8% after Citigroup said field checks in Japan suggest strength in Intel's Atom chip.In economic news, the number of new jobless claims rose to the highest level in six years, which compounded concerns about the current state of the U.S. labor market. For the week ended Aug. 2, initial jobless claims rose 1.6% to 455,000, compared to the expected reading of 420,000 claims.The National Association of Realtors said June pending home sales rose 5.3% month-over-month, topping the expected decline of 1.0%. Although this report has been volatile in the past, it is nonetheless a hopeful sign for the depressed housing market. The report briefly gave the stock market some modest support, but the data was soon ignored as the financial sector extended its losses.Treasuries rallied, lifted by the jobless claims data and a stronger-than-expected showing during the latest Treasury auction. The 10-year note rose more than a full point, sending its yield down to 3.92% from 4.05%.In commodity trading, crude prices rose 1.2% to $119.96 per barrel, snapping a three day plunge of 5%. The end result is not as bad as it seems, as prices retreated from a gain of 2.7%.The Dow tumbled 1.9%, the Nasdaq slipped 1.0% and the S&P 500 fell 1.8%. However, the major indices are still on pace to end the week with a gain, thanks to strong advances in previous sessions. Week-to-date, the Dow, Nasdaq and S&P 500 are up 0.9%, 1.9%, and 0.5%, respectively.DJ30 -224.56 NASDAQ -22.64 NQ100 -0.8% R2K -1.7% SP400 -1.5% SP500 -23.12 NASDAQ Adv/Vol/Dec 951/2.27 bln/1846 NYSE Adv/Vol/Dec 742/1.28 bln/2388.… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-6-08) DOW +40 NASDAQ +28 S&P +4[Absolutely, Absurdly, Riduculous! Economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote/paid for with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $118.58 (RECORD TRADING HIGH $147.27) GAS $4.00 (reg. gas in LAND OF FRUITS AND NUTS $4.27 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.00 DIESEL)/ GOLD $883/ SILVER $16.58/ PLATINUM $1,558/ DOLLAR= .65 EURO, 108 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.05% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… The S&P 500 eked out a slight gain on Wednesday. Still, stock market bulls are pleased with the end result, considering the market was able to climb out of negative territory, and the gain comes after the previous session's rally of nearly 3%.A strong showing by large-cap tech helped offset negative news out of the financial sector. Crude prices dropped for the third consecutive session, which also helped bring buyers to the table.The S&P 500 settled with a gain of 0.3% after being down as much as 0.7%. Six of the ten economic sectors advanced. The Nasdaq Composite handily outperformed with a gain of 1.2%, partially due to better-than-expected earnings from a network and communication device giant.With regard to crude oil, prices fell 0.7% to $118.37 per barrel after traders digested the government's weekly energy inventory data that painted a picture of mixed demand. Crude stockpiles unexpectedly rose, although gasoline inventory levels dropped by a large amount. After some volatile action, oil prices dropped from a gain of 1.1%, which coincided with the stock market's recovery from its session low. Crude prices are down 5.4% this week.The tech sector was the leader behind the market's recovery, ending the day with a gain of 1.3%. Cisco (CSCO 23.96, +1.31) reported second quarter earnings that modestly topped expectations on the top and bottom line. The company issued revenue guidance for the next two quarters that was slightly below consensus, but reiterated its long-term growth rate guidance of 12% to 17%. Microsoft (MSFT 27.01, +0.80) also provided leadership, with shares rising 3% after a UBS analyst said Microsoft will buy back as much as $20 billion shares, according to Bloomberg.com.Strikingly, the energy sector (+1.9%) posted the largest advance this session, despite the drop in crude prices. The sector benefited from a rebound trade and better-than-expected earnings from Devon Energy (DVN 92.67, +3.77).The financial sector (-1.0%) settled well above its session low when it was down 2.4%, but still acted as a drag on the broader market. Freddie Mac (FRE 6.50, -1.54) was the main selling catalyst, after reporting a loss of $821 million, or $1.63 per share. The mortgage giant increased its provision for credit losses to $2.5 billion, from $1.2 billion in the first quarter, due to increases in delinquency rates and foreclosures. The firm is cutting its quarterly dividend to $0.05 or less from $0.25. Larger peer Fannie Mae (FNM 11.55, -2.05) fell in conjunction with Freddie.Meanwhile, Morgan Stanley (MS 43.16, -0.02) froze the home equity lines of credit for thousands of its customers, according to Bloomberg.com, citing sources. Most of the customers had homes that lost value, according to the report.The telecom sector (-1.4%) posted the largest decline. Shares of Sprint Nextel (S 7.34, -1.21) and Qwest (Q 3.45, -0.14) fell after both companies reported a drop in subscribers.In other earnings news, Ambac (ABK 5.79, +1.06), Blackstone (BX 18.70, +0.54), Marsh & McLennan (MMC 30.07, +0.73) and Nasdaq OMX (NDAQ 30.95, +4.53) received a boost in response to their respective quarterly results.Dean Foods (DF 21.99, -1.35), Priceline.com (PCLN 97.04, -20.16), Time Warner (TWX 14.83, -0.05), Transocean (RIG 132.53, -0.65) and Whole Foods (WFMI 20.06, -2.86) posted a loss following their respective earnings reports. DJ30 +40.30 NASDAQ +28.54 NQ100 +1.4% R2K +0.7% SP400 +0.7% SP500 +4.31 NASDAQ Dec/Adv/Vol 1158/1648/2.27 bln NYSE Dec/Adv/Vol 1398/1724/1.20 bln .… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-5-08) DOW +331.62 NASDAQ +64.27 S&P +35.87 [Absolutely, Absurdly, Riduculous! Economy so bad oil demand declining which is shill point for next stage of (new) wall street fraud/commissioned churn and earn scam which the taxpayers just underwrote with complicit government, executive/legislative/judicial branches/fed. Great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $119.17 (RECORD TRADING HIGH $147.27) GAS $4.00 (reg. gas in LAND OF FRUITS AND NUTS $4.27 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.00 DIESEL)/ GOLD $886.10/ SILVER $16.62 / PLATINUM $1,565/ DOLLAR= .65 EURO, 108 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.82% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… The stock market posted its largest percent gain in four months on Tuesday in a broad-based rally that was aided by favorable wording in the Fed's latest directive, a drop in crude prices and a better-than-expected economic reading on the services sector.All ten of the economic sectors posted a gain, with seven sectors advancing more than 2%. The S&P 500 surged 2.9%, with 91% of its components ending the session in positive territory.The FOMC left the fed funds rate at 2.00%, and the discount rate at 2.25%, as expected. The Fed noted that there are both risks to inflation and growth. The FOMC said that although the economy grew in the second quarter, labor markets have "softened further" and financial markets remain under "considerable stress."Most of the directive was very similar to June, when the Fed also kept rates unchanged. However, there were some subtle changes in the final paragraph.In June the Fed said downside risks to growth remain, although they have "diminished somewhat" and that upside inflation risks have "increased." In the latest directive, the Fed said downside risks to growth remain, and inflation is a significant concern -- removing the comments related to diminishing downside risks and increasing upside inflation risks.Traders took this as a sign that a Fed rate hike is not imminent, causing stocks to soar to their session highs in late afternoon trade. The FOMC decision does not deserve all the credit for the market's rally this session, as stocks were already up 1.9% prior to the announcement.A portion of the buying interest this session was due to a 2.3% drop in the price of crude oil to $118.64 per barrel, which follows the previous session's drop of 3.0%. The drop in crude prices aided oil-cost sensitive areas, with consumer discretionary rallying 4.4% as retailers spiked 5.3%. Airlines got a large 9.4% boost, and transportation as a whole rose 4.9%. Conversely, the energy sector underperformed on a relative basis with a gain of 1.1%.The financial sector (+5.1%) provided leadership throughout the session, indirectly benefiting from a healthy advance in European banks after Paris-based Societe Generale reported better-than-feared earnings. AIG (AIG 29.89, +3.20) led the surge higher with a gain of 12% after being upgraded to Buy from Neutral at UBS.Earnings news was mixed as Procter & Gamble (PG 67.97, +2.15) topped expectations, while MGM Mirage (MGM 35.85, +4.85), Molson Coors Brewing (TAP 48.18, -6.25) and Archer Daniels Midland (ADM 25.88, -1.52) fell short of analyst estimates.In terms of economic news, the July ISM Services report indicates business conditions aren't as weak as widely reported, although conditions are still not ideal. The reading rose to 49.5 from 48.2 in June, which topped the average estimate of 48.8. Since the reading is below 50, it reflects contraction in the services sector, although the number is moving in the right direction. DJ30 +331.62 NASDAQ +64.27 NQ100 +3.6% R2K +2.4% SP400 +2.1% SP500 +35.87 NASDAQ Adv/Vol/Dec 1937/2.39 bln/884 NYSE Adv/Vol/Dec 2377/1.41 bln/752.… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-4-08) DOW -42 NASDAQ –25 S&P –11 [ Still great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. El-Erian: Buy more foreign stocksEven in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $121.41 (RECORD TRADING HIGH $147.27) GAS $4.00 (reg. gas in LAND OF FRUITS AND NUTS $4.27 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.00 DIESEL)/ GOLD $907.60/ SILVER $17.14/ PLATINUM $1,565/ DOLLAR= .65 EURO, 108 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.97% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… The stock market posted a steep decline on Monday as plunging crude oil and commodity prices caused a steep sell off in energy and material names, but did not translate into large gains in the broader market. Selling interest was also fueled by continued concerns regarding financials and a June personal income and spending report that showed higher-than-expected inflation.Crude prices plunged 3.0% to $121.30 per barrel and commodities as a whole tumbled 3.4%. There was no specific news item to account for the retreat, although there was speculation that a large hedge fund had to liquidate its positions.The energy sector (4.9%) fell on the retreat in crude prices. Likewise, material stocks slipped 4.2%, with Freeport-McMoRan (FCX 80.44, -10.87) getting hit especially hard.Lately, the stock market as a whole has rallied when the price of crude oil declined. This session, however, only saw modest buying interest on the drop in crude. Surprisingly, even the transportation sector (-0.8%) was unable to muster a gain.  As a result, weakness in the materials and energy sectors offset the benefit that the rest of the stock market saw due to the drop in crude and commodity prices.Only three sectors posted a gain -- consumer discretionary (+0.5%), consumer staples (+1.2%) and health care (+1.3%). The health care sector got a boost after Humana (HUM 46.75, +2.11) posted better-than-expected second quarter earnings and gave a full-year earnings outlook that topped Wall Street's forecast. The drop in crude prices helped the financial sector recover from its session low when it was down 2.9%, although the sector still underperformed with a loss of 1.3%.Oppenheimer analyst Meredith Whitney -- who is widely followed after she correctly predicted last autumn that Citigroup (C 18.90, +0.04) would cut its dividend -- told Fortune magazine that the financial market turmoil is far from over. On CNBC, Whitney said that home prices will fall much more than people expect.In addition, London-based bank HSBC (HBC 81.49, -1.51) saw first-half 2008 profits fall 29%, largely due to losses related to the U.S. mortgage market.In terms of economic news, the June personal income and spending report was mixed, with investors showing disappointment regarding the report's inflation component. Month-over-month, personal income rose 0.1% (-0.2% consensus), personal spending increased 0.6% (+0.4% consensus) and core PCE, the Fed's preferred inflation measure, rose 0.3% (+0.2% consensus).The PCE price index is up 0.8% month-over-month. As a result, real spending and income actually fell in June.Separately, the latest factory orders report showed that the manufacturing sector is much healthier than is widely recognized. June total factory orders were up 1.7%, which is much stronger than the expected gain of 0.7%. Excluding transportation, orders rose 2.3%.Tuesday brings the widely anticipated FOMC announcement. The fed funds rate is expected to remain unchanged at 2.00%, so the wording of the Fed's directive will be the main trading catalyst.DJ30 -42.17 NASDAQ -25.40 NQ100 -1.2% R2K -1.7% SP400 -1.9% SP500 -11.30 NASDAQ Adv/Vol/Dec 928/1.99 bln/1878 NYSE Adv/Vol/Dec 1049/1.23 bln/2065 .… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (8-1-08) DOW -51.70 NASDAQ –14.59 S&P –7.07 [ Still great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. The Dow Priced in Ounces of Gold: Secular Bear Market Since '99 by Kirk Lindstrom from Seeking Alpha AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $123.05 (NEW RECORD TRADING HIGH $147.27) GAS $4.04 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS $4.33 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.00 DIESEL)/ GOLD $911/ SILVER $17.69/ PLATINUM $1,638/ DOLLAR= .63 EURO, 107 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.95% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… The stock market kicked off the month of August with a modest decline after a rise in crude oil prices offset a modestly better-than-expected employment report.Nine of the ten sectors posted a loss, with only financials posting a gain (+0.6%). Materials (-2.6%) and utilities (-3.3%) were the main laggards.With regard to this session's economic data, the government's jobs report for July came in close to expectations, but a smaller-than-expected drop in payrolls helped limit the selling interest this session. Specifically, nonfarm payrolls fell by 51,000 which was better than the expected decline of 75,000. Payrolls are declining at about a 0.5%, which is generally associated with real GDP growth of 1.5% to 2% -- consistent with second quarter data and projections for the third quarter. Meanwhile, the unemployment rate rose to 5.7% from 5.5%.The ISM Index, a national manufacturing survey, posted a decent reading in July given the current economic conditions. The index was roughly unchanged at 50.0, which represents flat manufacturing growth.Crude oil prices continued the recent trend of volatile swings. Prices climbed as much as 3.6% on reports that Israel's prime minister said that Iran is close to a major breakthrough in its nuclear weapons program. Prices eased off their highs, however, to settle with a 0.8% gain at $125.09. The stock market's worst level of the session, a loss of 1.0%, corresponded with the session high for oil prices.On the earnings front, Chevron (CVX 84.42, -0.14) reported a healthy 11% rise in net income on the spiking oil prices, although the results fell short of Wall Street's expectations as crimped refinery margins weighed on results. The stock managed to limit its losses this session, as some of the earnings miss was already priced in, as the company dropped 3% yesterday after peer Exxon Mobil (XOM 76.95, -0.78) announced similar results.General Motors (GM 10.19, -0.88), swung to a massive $15.5 billion second quarter net loss, as consumer preferences shift away from large trucks and SUVs in the face of record gasoline prices.In other corporate news, shares of Biogen (BIIB 50.00, -19.76) plunged 28% after announcing that there have been two confirmed cases of a rare brain disease in patients taking its multiple sclerosis drug Tysabri.DJ30 -51.70 NASDAQ -14.59 NQ100 -1.2% R2K +0.2% SP400 -0.6% SP500 -7.07 NASDAQ Adv/Vol/Dec 1400/1.84 bln/1343 NYSE Adv/Vol/Dec 1537/940 mln/1545.… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (7-31-08) DOW -205 NASDAQ –4 S&P -16 [ Still great opportunity to sell/take profits since all problems remain as real numbers indicate previous decline in GDP though falsely reported as gain, greater unemployment (watch for fake numbers from government) and much more downside to come as stocks previously rallied on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $124.08 (NEW RECORD TRADING HIGH $147.27) GAS $4.04 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS $4.33 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.00 DIESEL)/ GOLD $922.30/ SILVER $17.79/ PLATINUM $1,745/ DOLLAR= .63 EURO, 107 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.98% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO…A late sell off knocked the stock market sharply lower before closing near its worst point of the session. The Dow and the S&P 500 finished 1.8% and 1.3% lower, respectively. The Nasdaq closed with a modest loss. Thursday’s loss concluded what was an overall pessimistic session. The tone was set early on after disappointing economic data was unveiled. According to the latest government data, the U.S. economy expanded 1.9% in the second quarter, missing the 2.3% gain economists were expecting. Though the top line of this number is a bit disappointing, its downside surprise is due to a negative impact from inventories. What is more, trends in consumer spending, business investment, exports, and government spending were generally better than forecast. Many Wall Street pundits and economists believe U.S. economic growth will not return to its full potential until housing has successfully turned around. Former Fed Chairman Greenspan stated in an interview on CNBC that home prices are nowhere near a bottom. He also acknowledged there is still a 50-50 chance the U.S. will experience a recession. On a similar note, The Wall Street Journal reported Treasury Secretary Paulson noted that housing is still correcting, but the fiscal stimulus has helped economic growth. Adding to the dour mood among participants, jobless claims for the week ended July 26 climbed 44,000 to 448,000, marking the third time in the last five weeks claims have surpassed 400,000. Continuing claims rose 6.0% to 3.282 million, while the four-week moving average jumped to 393,000 from 382,000. In the end, the disappointing economic data trumped relatively upbeat earnings data from several widely held companies.… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (7-30-08) DOW +186.13 NASDAQ +10.10 S&P +21.07 [Absolutely, Absurdly, Riduculous! Don’t miss this great opportunity to sell/take profits since all problems remain and much more downside to come as stocks rally on sharp increase in oil prices and ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, and short-covering. AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $126.95 (NEW RECORD TRADING HIGH $147.27) GAS $4.04 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS $4.33 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.00 DIESEL)/ GOLD $902.90/ SILVER $17.44/ PLATINUM $1,723/ DOLLAR= .63 EURO, 107 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.048% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Investors looked past a strong rebound in crude prices to focus on data that showed an unexpected gain in nonfarm private payrolls and word that the Fed extending its liquidity measures to Wall Street. Despite a smaller-than-expected decline in crude oil stockpiles, oil prices climbed as much as 4.3% during the session to make their largest one day advance since trending downward from historic highs reached earlier this month. Crude had actually been down more than 1%, below $121 per barrel, but finished its session near $127 per barrel, which is still almost 16% below its record high. The rebound in oil prices helped the energy sector make a 5.6% advance. Investors have rotated out of the energy sector in recent sessions, but oil’s rebound induced buying in large names like Exxon Mobil (XOM 84.38, +3.48) and Chevron (CVX 87.26, +4.42). Conversely, oil sensitive industries fell out of favor. The S&P 500 automobile manufacturing index slipped 3.8%, while the Amex Airline Index dropped 4.9%. Broad-based buying was largely influenced by the latest ADP employment report that showed an unexpected 9,000 increase in July private nonfarm jobs. Meanwhile, economists were expecting a 60,000 decrease in jobs. Though the ADP report has not been consistent in correctly predicting the government's jobs data, which will be announced Friday, ADP's announcement bolstered expectations that the government's report will show a smaller-than-expected decline in employment. Also providing support to the session’s optimism was news the Fed is extending the length of its Term Securities Lending Facility program through Jan. 30 and is introducing longer terms to maturity for its Term Auction Facility in the face of continued fragility in the markets. Separately, President Bush signed the housing bill into law, giving support to Fannie Mae (FNM 12.21, +0.61) and Freddie Mac (FNM 8.73, +0.31), while the SEC is extending its temporary restriction on naked short selling on financial institutions. The financial sector gained 2.0% as thrifts and mortgage players collectively climbed 4.1% and diversified banks climbed 3.8%. Investment banks and brokerages advanced 3.5%. The Nasdaq lagged the Dow Jones and the S&P 500 during Wednesday’s action. Weakness among components Garmin (GRMN 35.19, -9.87), Cisco (CSCO 22.17, -0.25), and Electronic Arts (ERTS 44.29, -3.11) offset strength in Comcast (CMCSA 20.07, +0.89), which gained ground despite missing earnings estimates.DJ30 +186.13 NASDAQ +10.10 NQ100 +0.4% R2K +0.6% SP400 +1.5% SP500 +21.06 NASDAQ Adv/Vol/Dec 1559/2.27 bln/1200 NYSE Adv/Vol/Dec 2097/1.47 bln/1044.… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (7-29-08) DOW +266 NASDAQ +55 S&P +29 [Absolutely, Absurdly, Riduculous! Don’t miss this great opportunity to sell/take profits since the reality which brought market to earth in previous session remains without anything to change same with much more downside to come AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.] Quantifying Inflation by Zigler from Seeking Alpha, Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $122.19 (NEW RECORD TRADING HIGH $147.27) GAS $4.04 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS $4.33 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.00 DIESEL)/ GOLD $917.51/ SILVER $17.31/ PLATINUM $1,739/ DOLLAR= .62 EURO, 106 YEN, .49 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.04% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… The stock market rallied on Tuesday, lifted by a drop in oil prices, several better-than-expected quarterly earnings reports, an increase in consumer confidence, and speculation that the latest capital raise from a major financial firm is a sign that the worst is over for Wall Street.Stocks finished the day at session highs following a late-day surge in buying interest, led by financials. Nine of ten sectors posted a gain. Defensive investments underperformed on a relative basis, with healthcare (+0.7%), telecom (+0.6%), and utilities (+0.4%) trailing the broader market. Likewise, the 10-year Treasury note slipped 15 ticks.In an effort to reduce its risk exposure and shore up its balance sheet, Merrill Lynch (MER 26.32, +1.99) is selling $30.6 billion worth of U.S. ABS CDOs for only $0.22 on the dollar, or $6.7 billion. The assets were valued at $11.1 billion at the end of the second quarter, meaning the sale will result in a $4.4 billion pretax write-down. Merrill has taken $51.8 billion in write-downs and credit losses since the credit market turmoil began last year -- second only to Citigroup's (C 18.46, +1.03) $54.6 billion.Merrill also raised $8.55 billion in a common stock offering at $22.50 per share, making the sale dilutive to existing shareholders. Merrill's stock fell 9.5% to a 10-year low shortly after the open, only to rebound and finish the day 8.2% higher. Merrill's stock dropped nearly 12% during the previous session on no specific news item, so the market may have already been pricing in some of the latest write-down and capital raising news.The financial sector ended the session with a massive 7.5% gain, as traders speculated that the Merrill news indicated better times are ahead for financial firms. The sector also benefited from some short-covering, and a bit of a rebound trade following its 12% loss over the previous three sessions. Strength was broad-based, as only one of the 88 S&P 500 financial stocks posted a loss -- insurer XL Capital (XL 18.05, -0.32), which announced a dilutive capital raise.Crude prices fell 2.3% to $121.87 per barrel as the dollar rose 0.9%. This sparked buying interest in consumer discretionary (+3.3%), retailers (+4.1%) and airlines (+11.4%). Conversely, the energy sector (-0.8%) posted a loss.Earnings reports were mostly better than expected. Some of the bigger names that topped earnings estimates included Amgen (AMGN 62.22, +1.74), Colgate-Palmolive (CL 74.23, +5.67), U.S. Steel (X 165.42, +20.09), Valero Energy (VLO 33.30, +1.49) and Waste Management (WMI 35.92, +0.85).In economic news, the Conference Board said that July consumer confidence rose roughly 2% month-over-month to 51.9 -- the first gain in six months. The increase in confidence came as oil prices retreated from record highs and the stock market rebounded from its July 15 low. Rising confidence levels are a plus for the stock market, although the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report. Despite Tuesday's massive 2.4% advance, the Dow is only up 0.2% this week, as it had a lot of ground to make up after falling 239 points on Monday. DJ30 +266.48 NASDAQ +55.40 NQ100 +2.4% R2K +2.7% SP400 +2.1% SP500 +28.83 NASDAQ Adv/Vol/Dec 1997/2.31 bln/837 NYSE Adv/Vol/Dec 2461/1.40 bln/696.… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (7-28-08) DOW -239.61 NASDAQ -46.31 S&P -23.39 [Reality trumps bull s**t; still opportunity to Sell/Take Profits! Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $124.73 (NEW RECORD TRADING HIGH $147.27) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS $4.44 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.11 DIESEL)/ GOLD $927.70/ SILVER $17.46/ PLATINUM $1,739/ DOLLAR= .62 EURO, 106 YEN, .49 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.020% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… Monday was not a good session for stock market bulls. Stocks tumbled 1.9%, settling at session lows, after the financial sector was unable to hold onto its opening gains, prompting a broad-based sell off. A 1.2% rise in oil prices compounded selling interest. All ten of the economic sectors posted a loss on relatively light trading volume.The financial sector got off to a good start, rising 1.6%, even though news ahead of the opening bell was somewhat negative. Over the weekend, the FDIC shut down two undercapitalized regional banks -- First National Bank of Nevada and First Heritage Bank -- marking the sixth and seventh failures this year. The banks' deposits were taken over by Mutual of Omaha. The closures did not come as a complete shock, as it is widely expected that more regional banks will fail, although the news certainly did not help bring buyers to the table.The financial sector quickly reversed course as a sharp drop in shares of Merrill Lynch (MER 24.21, -3.31) sent the sector tumbling. There was no specific news item to account for the 12% drop in MER, although there were heightened concerns due to some increased options buying.In late afternoon, Treasury Secretary Paulson and four of the U.S. largest banks announced support for covered bonds as an instrument to improve mortgage financing oportunities. Covered bonds are similar to traditional asset-backed securities, but would remain on the issuers' balance sheet. The announcement did little to please investors, with the financial sector ending the session down 4.5%. The sector is down 11.5% in the last three sessions, but is still up 18.5% from its July 15 52-week low.The consumer discretionary sector fell 2.5%, as the 1.2% rise in crude oil prices weighed on oil-sensitive names. Oil advanced on reports of unrest in Nigeria. Conversely, the energy sector outperformed on a relative basis with a 0.5% loss, although the sector fell from a gain of 1.6% as the broader market slipped.In earnings news, telecom (-2.3%) underperformed after investors soured on Verizon Communication's (VZ 33.57, -0.88) quarterly results. The company reported slightly higher-than-expected earnings due to solid wireless growth. Wall Street was concerned with the slower growth rate of the company's FiOS service.Kraft Foods (KFT 30.87, +1.49) posted a solid gain after the company topped Wall Street's estimate with a 16% increase in second quarter earnings per share. The company was able to offset soaring commodity costs by passing increased prices on to consumers. Conversely, Tyson Foods (TSN 15.12, -1.11) was not able to pass along its increased input prices, resulting in a 90% drop in earnings per share, which fell short of expectations.Amgen (AMGN 60.48, +6.56) was the best performing stock on Monday. Wall Street was pleased with encouraging results related to the trial of Amgen's osteoporosis drug.In deal news, private equity firm Kohlberg Kravis Roberts is going public through a takeover of its struggling European affiliate KKR Private Equity. The Wall Street Journal reports that the company, which will trade on the NYSE as KKR, may be valued between $12 billion and $15 billion.As stocks struggled, Treasuries rallied. The 10-year note rose 21 ticks, sending its yield to 4.0%. DJ30 -239.61 NASDAQ -46.31 NQ100 -2.4% R2K -2.0% SP400 -1.2% SP500 -23.39 NASDAQ Adv/Vol/Dec 690/1.96 bln/2126 NYSE Adv/Vol/Dec 857/1.17 bln/2289.… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (7-25-08) DOW +21 NASDAQ +30 S&P +5 [Absolutely, Absurdly, Riduculous! Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift . Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $123.26 (NEW RECORD TRADING HIGH $147.27) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS $4.44 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.11 DIESEL)/ GOLD $926.65/ SILVER $17.45/ PLATINUM $1,739/ DOLLAR= .62 EURO, 106 YEN, .49 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.11% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… The stock market traded in choppy fashion Friday before finishing the session just 0.4% higher. The advance was too small to give stocks a gain for the week, finishing a bit below the unchanged mark instead. Still, the stock market is up 4.8% from its low last week. Early session gains were driven by upbeat economic data and pleasing earnings results. Yet when the financial sector began trading without clear direction the broader market fluctuated as no clear leader emerged. A rise in durable goods orders for June lifted early sentiment. The increase in orders totaled 0.8%, which is up from the prior increase of 0.1% and better than economists expected. Excluding transportation, orders increased 2.0%, up from the 0.5% downturn in the prior month. Importantly, the report suggests businesses continue to spend, which bodes well for second quarter economic growth. June new home sales totaled 530,000, which is down from the upwardly revised 533,000 new homes sold in May. The results were also better than expected and suggest signs of stabilization, despite yesterday’s existing home sales data. Earnings announcements were also generally upbeat. Wynn Resorts (WYNN 90.44, -1.55), YRC Worldwide (YRCW 17.23, -3.06), Burlington Northern Santa Fe (BNI 98.05, -0.72), and Fortune Brands (FO 58.78, +0.49) all exceeded expectations. From the financial sector, Legg Mason (LM 39.51, +1.30) posted a loss, but T Rowe Price (TROW 56.62, +0.61) announced earnings results that matched the consensus earnings per share estimate. Following yesterday’s concerted selling effort the financial sector struggled to make a sustainable advance Friday. The sector finished 0.6% lower after being up as much as 2.2% in early action. Particular weakness was seen among mortgage thrifts for the second straight session as Fannie Mae (FNM 11.55, -0.47) and Freddie Mac (FRE 8.27, -0.54) were the subject of continued credit and housing concern. Importantly, rating agency Standard & Poor's placed the two on CreditWatch Negative. In the end, technology emerged as the best performing economic sector, advancing 1.6%. In turn, the tech-rich Nasdaq outperformed its counterparts, trading in positive territory for the entire session before finishing 1.3% higher. The Nasdaq was aided by strong gains from heavyweights Microsoft (MSFT 26.16, +0.72), Apple (AAPL 162.12, +3.09), Qualcomm (QCOM 54.45, +2.02), and Google (GOOG 491.98, +16.36). With the exception of communications equipment maker Qualcomm, each encountered heavy selling pressure in yesterday’s session. Fellow communications equipment company Juniper Networks (JNPR 26.57, +4.00) reported strong earnings per share results that topped Wall Street's forecast and issued upside guidance. As a side note, oil finished the session below $124 per barrel, bringing its week-to-date decline to 4.3%. Oil is currently more than 19% below its record high, but still up more than 28% year-to-date. Importantly, lower oil prices ease inflationary pressures.DJ30 +21.41 NASDAQ +30.42 NQ100 +1.6% R2K +1.1% SP400 +0.4% SP500 +5.22 NASDAQ Adv/Vol/Dec 1706/2.03 bln/1078 NYSE Adv/Vol/Dec 1760/1.29 bln/1339 .… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (7-24-08) DOW –283.10 NASDAQ –45.77 S&P –29.65 [Still Great Opportunity to Sell/Take Profits as Reality trumps bull s**t! Sell dollar denominated assets as all problems remain. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $125.49(NEW RECORD TRADING HIGH $147.27) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS $4.44 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.11 DIESEL)/ GOLD $922.30/ SILVER $17.30/ PLATINUM $1,726/ DOLLAR= .62 EURO, 106 YEN, .49 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.13% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' U.S. faces global funding crisis, warns Merrill Lynch More doom for global economy Visualizing Dow 6,000   ] YAHOO… The stock market trended lower for virtually the entire session Thursday as stocks lacked leadership and participants returned their focus toward negative themes. The descent dragged the stock market to a 2.3% loss. Selling was the most concentrated in the financial sector, which finished 6.7% lower. Coming into the session, the financial sector was up 34% from its low last week. However, when the sector dipped there was no buying support, as in recent sessions. Participants were reminded of the troubles in the housing sector, which has caused considerable pain to the financial sector, when the June existing home sales were announced. Annualized sales came in at 4.86 million, which is down from the prior reading of 4.99 million and below the consensus forecast of 4.94 million. Month-over-month, existing home sales slipped 2.6%. Additionally, the inventory of unsold homes jumped to 11.1 month's worth of supply from 10.8. The increased supply was taken as a sign that a bottom may be farther off than many hoped. Separately, renewed worries about the financial condition of Washington Mutual (WM 4.03, -0.62) and government sponsored enterprises Fannie Mae (FNM 12.02, -2.98) and Freddie Mac (FRE 8.81, -1.99) also played a role in driving down the financial sector. Weakness in the latter two stocks was notable as it came amid reports the Senate was on the verge of passing the housing bill. In other economic news, initial jobless claims for the week ending July 19 totaled 406,000, which is an increase of 34,000 from the prior week and 26,000 more than economists expected. That is the second time in four weeks the claims number has been reported above 400,000. .… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (7-23-08) DOW +29 NASDAQ +22 S&P +5 [Absolutely, Absurdly, Riduculous! But Great Opportunity to Sell/Take Profits! Sell dollar denominated assets as all problems remain. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $124.88 (NEW RECORD TRADING HIGH $147.27) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS $4.44 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.11 DIESEL)/ GOLD $922.80/ SILVER $17.46/ PLATINUM $1,726/ DOLLAR= .62 EURO, 106 YEN, .49 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.13% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… Wednesday marked an active session for Wall Street, with 110 companies releasing their quarterly results, including four Dow components. In addition, the government announced its weekly energy statistics and the Fed released its Beige Book.The stock market settled with a modest gain of 0.4% in volatile and heavy trade. The advance was aided by a steep drop in crude prices and several better-than-expected earnings reports. The Nasdaq outperformed its counterparts thanks to strength in large-cap tech names.Defensive investments, such as the utilities sector (-2.3%), underperformed, while beaten-down areas saw a surge in buying interest, as investors showed more willingness to take on risk.Consumer discretionary stocks rose 2.0%, with homebuilders climbing 4.0%. Automakers rose 3% after General Motors (GM 14.60, +0.28) forecast a 2.5% increase in global 2008 auto sales, as strong emerging market demand offsets weakness in North America. Meanwhile, retailers advanced (+2.4%) after crude prices took a tumble.Oil prices fell 3.1% to $124.48 per barrel, marking its lowest level in more than six weeks. Crude inventory levels fell by a larger-than-expected amount, but an increase in gasoline stockpiles raised concerns of demand destruction.The drop in oil prices weighed heavily on the energy sector (-3.8%), but provided a huge lift to airline stocks (+8.5%).Commodities as a whole fell 1.7%, with gold shedding 3.1% as the dollar rose 0.5%. As a result, the materials sector (-1.7%) underperformed.The financial sector was once again in focus after Washington Mutual (WM 4.65, -1.17) reported a larger-than-expected second quarter loss of $3.3 billion. The sector managed to gain as much as 4.6% on news that lawmakers reached a deal on a housing bill that, among other things, will allow for financial aid to Fannie Mae (FNM 15.00, +1.59) and Freddie Mac (FRE 10.80, +1.10) if need be. Financials slipped off their best levels, to settle the day with a gain of 1.9%, after WaMu reversed into the red on concerns that it will have to raise more capital. The financial sector is up 34% since July 15, but is still down 23% this year.Earnings results were mostly better than expected. Anheuser-Busch (BUD 67.36, +0.11), ConocoPhillips (COP 81.83, +2.48), Exelon (EXC 81.41, -0.22), General Dynamics (GD 89.27, +5.82), Norfolk Southern (NSC 69.96, +4.27), McDonald's (MCD 59.66, +0.46), PepsiCo (PEP 67.70, +1.51), Pfizer (PFE 19.09, +0.74), WellPoint (WLP 53.17, +4.42) and Wyeth (WYE 45.55, +0.87) all reported earnings that topped Wall Street forecasts, and increased earnings per share versus the prior year.AT&T (T 33.06, +1.24) rallied after reporting an 8.6% rise in earnings per share, which met Wall Street's forecast.There were some earnings misses as well. Boeing (BA 66.72, -2.54), E*Trade (ETFC 3.41, -0.64), Washington Mutual and Yahoo! (YHOO 20.39, -1.01) fell short of estimates.Costco (COST 63.43, -8.57) warned that its earnings per share for its quarter ending in August will fall "well below" the current consensus estimate of $1.00. Costco cited increased inflation, especially energy costs, and a larger-than-expected LIFO accounting charge. Wal-Mart (WMT 58.09, -0.97), operator of Sam's Club, fell in conjunction with Costco.The Fed's Beige Book, a collection of anecdotal economic information, prompted a brief drop in stocks, but the market quickly recovered from the knee-jerk reaction as much of the information was already known. The report stated that the economy has "slowed somewhat" since the previous report, and that there were increased price pressures. In addition, consumer spending was "mixed, weak or slowing" in nearly all districts.DJ30 +29.88 NASDAQ +21.92 NQ100 +1.3% R2K +0.3% SP400 +0.1% SP500 +5.19 NASDAQ Adv/Vol/Dec 1615/2.73 bln/1224 NYSE Adv/Vol/Dec 1973/1.72 bln/1191.… AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (7-22-08) DOW +135 NASDAQ +24 S&P +17 [Absolutely, Absurdly, Riduculous! But Great Opportunity to Sell/Take Profits! Sell dollar denominated assets as all problems remain. Even if, and it is not, oil were the only problem, the same is just a disruption away from a spike. Suckers’ bear market/short-covering rally based on bull s**t alone, this time by wall street shill paulson whose bailout rhetoric brings ‘irrational exuberance’ since wall street frauds should be prosecuted, required to disgorge ill-gotten gains, and jailed since they’re the ones who benefited and are escaping accountability by the bailout. Except for multi-nationals and corporate welfare recipients (ie., Lockheed, etc.), greater than expected losses in not millions but billions rallied the stocks. Remember, these are huge financial institutions unlike the tiny S&Ls of the last banking fraud/wealth transfer (to frauds at expense of taxpayers). Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $127 (NEW RECORD TRADING HIGH $147.27) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS $4.51 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $948.50/ SILVER $18.02/ PLATINUM $1,808/ DOLLAR= .62 EURO, 106 YEN, .49 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.04% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… The stock market posted a solid gain on Tuesday, after a late-day surge led by the financial sector helped investors shrug off worse-than-expected earnings reports from major tech and financial firms. A drop in crude prices, thanks to the easing of a tropical storm threat, also helped bring buyers to the table.Tuesday looked like it was going to be an ugly session, as stocks opened 0.9% lower. But investors took the opportunity to buy the dip, encouraged by a drop in crude prices and a turnaround in financial stocks. The stock market ended the session with a gain of 1.4%, with six of the ten sectors posting a gain.Smaller-cap names played a large role in the broader market's strength, especially within the tech sector -- the tech-heavy Nasdaq Composite rose 1.1%, compared to the 0.1% rise of the large-cap Nasdaq 100. The Russell 2000 spiked 2.8%, benefiting from a 22% surge in airline stocks, thanks to a handful of better-than-expected reports and the drop in crude prices.Financials were at the center of the opening losses and the subsequent late-session rally. The sector fell 3.8% at the open after Wachovia (WB 16.80, +3.62) reported a larger-than-expected loss of $8.9 billion and American Express (AXP 38.12, -2.78) disappointed with its earnings and outlook.Wachovia recovered from a loss of 11.6% after investors were encouraged that the company plans to raise $5 billion in capital using organic measures, instead of a dilutive capital raise. Wachovia enjoyed an added boost, settling with a gain of 27%, after a Deutsche Bank analyst indicated this may mark the bottom for Wachovia. The financial sector followed suit, surging to a gain of 6.6%, with notable strength in diversified banks (+13.6%). Exchange operators also posted a solid advance after CME Group (CME 366.77, +41.24) topped its earnings estimates.The financial sector is now up 31.5% in the last week.The industrial sector (+2.2%) also outperformed.General Electric (GE 28.51, +0.82) announced that it is partnering with Mubadala, an Abu Dhabi firm, on initiatives including commercial finance, and clean energy research and development. Each company will provide $4 billion in equity over the next three years.Strong emerging-market demand helped Caterpillar (CAT 75.00, +1.77) increase earnings per share 40% year-over-year, topping estimates.UPS (UPS 62.11, +2.65) reported in-line earnings, relieving investors. The company called the economy "bleak," but kept its full year earnings forecast in-line with expectations.Overall, earnings results were mostly better than expected, including beats by Biogen Idec (BIIB 71.29, +4.44), Baker Hughes (BHI 86.17, +1.81), DuPont (DD 45.22, +1.17), Lockheed Martin (LMT 103.72, +2.13) and UnitedHealth (UNH 26.18, +2.35). Merck (MRK 31.33, -4.00) reported better-than-expected results for its latest quarter, but continued concerns over its cholesterol drug Vytorin sent shares tumbling.Large-cap tech was a pocket of weakness, with Apple (AAPL 162.02, -4.27) and Texas Instruments (TXN 24.44, -4.08) slipping on their respective earnings/outlooks. Memory chip maker SanDisk (SNDK 13.62, -4.31) fell 24% on its earnings report. The tech sector underperformed with a loss of 0.1%, although this is a substantial improvement from its session low when it was down 2.0%.The energy sector (-2.2%) was a laggard, falling in conjunction with crude prices. DJ30 +135.16 NASDAQ +24.13 NQ100 +0.1% R2K +2.8% SP400 +1.4% SP500 +17.00 NASDAQ Adv/Vol/Dec 1912/2.56 bln/926 NYSE Adv/Vol/Dec 2227/1.57 bln/926 .… REUTERS Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (7-21-08) DOW –29.23 NASDAQ –3.25 S&P -.68 [Still Riduculous! But Great Opportunity to Sell/Take Profits! Suckers’ bear market/short-covering rally based on bull s**t alone. Leading indicators revised down (after ‘election year keep the incumbents’ fake report). What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $131.04 (NEW RECORD TRADING HIGH $147.27) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS $4.51 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $963/ SILVER $18.44/ PLATINUM $1,851/ DOLLAR= .62 EURO, 106 YEN, .49 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.04% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… The stock market posted a slight loss near the unchanged mark on Monday. A rise in oil prices and a steep drop in shares of two major pharmaceutical companies overshadowed a better-than-expected earnings report from one of the world's largest financial firms.Bank of America (BAC 28.52, +1.03) reported a 43% drop in earnings per share to $0.72. However, the result easily topped Wall Street's forecast of $0.53 per share, due to a lower-than-expected write-down of $1.2 billion. BofA's CEO plans to recommend that the board leave the quarterly dividend at $0.64 per share (9.0% annual yield at current levels).The financial sector climbed 2.8% shortly after the opening bell, but settled with a loss of 0.9% following some profit-taking efforts after last week's 11.4% surge.In corporate news, pharmaceutical companies Merck (MRK 35.39, -2.29) and Schering-Plough (SGP 18.99, -2.45) tumbled 6.1% and 11% respectively, due to continued concerns over the cholesterol drug Vytorin. The companies delayed their earnings reports until after the market close to discuss a report that said Vytorin does not lower the risk of major heart valve problems.European pharmaceutical company Roche Holdings offered to acquire the remainder of Genentech (DNA 93.69, +11.87) for $43.7 billion, or $89 per share in cash. Roche already owns a 56% stake in Genentech. Shares of DNA are trading higher than the offer price on speculation that Roche will have to raise its bid.Yahoo! (YHOO 21.68, -0.77) and activist investor Carl Icahn have reached an agreement regarding their pending proxy contest. Under the deal, Icahn will be appointed to the board, and two more seats will be filled from a list of nine candidates recommended by Icahn. In turn, Icahn will withdraw his nominees for vote at the annual meeting.Three of the ten sectors posted a gain. Energy stocks (+2.9%) led the way as crude prices climbed 2.1% to $131.56. The advance in oil prices came as a tropical storm entered the Gulf of Mexico.Consumer discretionary (-1.3%), health care (-1.2%), and financials (-0.9%) were the main laggards.On the economic front, June leading indicators fell 0.1%, which is in-line with expectations. For the most part, the report is a collection of previously announced economic indicators, and as a result it had a limited impact on the stock market. DJ30 -29.23 NASDAQ -3.25 NQ100 -0.2% R2K +0.7% SP400 +0.7% SP500 -0.68 NASDAQ Adv/Vol/Dec 1579/1.84 bln/1238 NYSE Adv/Vol/Dec 2034/1.20 bln/1115 .…AP Business Highlights (REUTERS)… U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (7-18-08) DOW +49 NASDAQ -29 S&P –0- [Absolutely Riduculous! But Great Opportunity to Sell/Take Profits! Suckers’ bear market/short-covering rally based on bull s**t alone. What do you expect the wall street frauds/criminals who should be held accountable and the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., Citibank loses only $2.5 billion, hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $128.88 (NEW RECORD TRADING HIGH $147.27) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS $4.51 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $958/ SILVER $18.20/ PLATINUM $1853/ DOLLAR= .62 EURO, 105 YEN, .49 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.09% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… Financial stocks led a late-session push to help the stock market finish the session just above the unchanged mark after spending virtually the entire session in the red. Though crude prices closed lower for the fourth straight session, weakness in the tech sector, the largest in the S&P 500, limited gains. Despite the lower finish, stocks still finished the week 1.7% higher. The financial sector finished 1.1% higher, bringing its week-to-date advance to 11.4%. Citigroup (C 19.35, +1.38) provided leadership after reporting a smaller-than-expected loss for its second quarter. Citi also announced write-downs of more than $7 billion in its securities and banking unit, though the adjustments were 40% less than the first quarter. Fannie Mae (FNM 13.40, +2.47) and Freddie Mac (FRE 9.18, +0.85) also helped sentiment in the financial sector. Freddie reiterated it has committed to its regulator, the Office of Federal Housing Enterprise Oversight (OFHEO), to raise $5.5 billion of new capital, but stated today it does not have any immediate plans under current market conditions. Freddie reiterated it exceeded its regulatory capital requirements, in addition to the 20% mandatory target capital surplus, at March 31. Despite finishing slightly higher, Merrill Lynch (MER 30.91, +0.18) played a less supportive role throughout the session after announcing second quarter losses that were actually larger than expected. Large-cap tech names countered the financial sector’s advance as heavyweights Microsoft (MSFT 25.86, -1.66) and Google (GOOG 481.32, -52.12) both reported disappointing earnings results.…AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters) (7-17-08) DOW +207 NASDAQ +27 S&P +14 [Absolutely Riduculous! But Great Opportunity to Take Profits! Suckers’ bear market/short-covering rally based on bull s**t alone. What do you expect the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN!] Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $129.29 (NEW RECORD TRADING HIGH $147.27) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS $4.53 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.19 DIESEL)/ GOLD $959/ SILVER $18.73/ PLATINUM $1865/ DOLLAR= .62 EURO, 105 YEN, .49 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.96% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… Stocks had another strong finish Thursday as all three of the major indices finished more than 1% higher. The Dow Jones Industrial Average had the best performance, finishing near its high with a 1.9% gain. Dow components JPMorgan Chase (JPM 40.80, +4.86) and United Technologies (UTX 64.70, -3.59) both reported better-than-expected earnings per share results. Coca-Cola (KO 50.34, -2.00) also reported strong results, but its shares were shunned.Shares of JPM jumped to their highest level in roughly one month on the news as many investors returned to the financial sector. Financial stocks finished the session 6.5% higher, building on yesterday's surge. Still, financials remain almost 30% lower year-to-date. Nonetheless, their gain this session made for the second consecutive session in which financials outperformed the other sectors and, again, helped the broader market extend yesterday's gains. Positive economic data also lent support to Thursday's advance. Housing starts for June increased 9.1% to an annualized rate of 1.066 million units, which is above the 960,000 consensus estimate. The lift in residential construction bodes well for overall economic activity. Investors found further encouragement when jobless claims for the week ending July 12 indicated an increase of 18,000 to 366,000 since the total was below the consensus expectation for 380,000 claims. The level of initial claims continues to reflect a steady trend. Importantly, though, it also refutes the idea that there has been a material deterioration in the job market. Falling crude prices helped revive the optimistic mood among investors. Stocks had actually succumbed to selling pressure midday, but when crude dipped lower the stock market rallied. Crude shed roughly $5 to finish below $130 per barrel, its lowest level in more than one month.DJ30 +207.38 NASDAQ +27.45 NQ100 +0.5% R2K +1.4% SP400 +1.4% SP500 +14.96 NASDAQ Adv/Vol/Dec 1929/2.61 bln/906 NYSE Adv/Vol/Dec 2360/1.96 bln/833 …AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (7-16-08) DOW +276 NASDAQ +69 S&P +30 (Absolutely Riduculous! Suckers’ bear market/short-covering rally based on bull s**t alone. What do you expect the failed (and illegal- constitution would have to be amended to enable Fed to print those worthless Weimar dollars with now even failed Fannie and Freddie getting some with taxpayer bailout) Fed to say; admit they royally f**ked up, etc., better than expected very bad news, ie., hyperinflation, over 200% more (suuuuure!) than expected oil inventories, GM cuts dividend, Intel monopoly eliminates AMD, economy so bad less oil use/demand, riiiiight! What total bull s**t! SELL INTO STRENGTH, TAKE PROFITS WHILE YOU CAN! Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $134.60 (NEW RECORD TRADING HIGH $147.27) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS $4.53 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.19 DIESEL)/ GOLD $962.70/ SILVER $18.81/ PLATINUM $2005/ DOLLAR= .62 EURO, 104 YEN, .49 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.93% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… On Wednesday, the financial sector soared the most in its 19-year history after Wells Fargo (WFC 27.14, +6.63) reported better-than-expected earnings, sparking a rally that was compounded by short-covering. As a result, the stock market posted a large 2.5% gain, as a steep drop in crude prices helped overshadow a disappointingly high inflation reading. Wells Fargo reported second quarter earnings of $0.53 per share, topping Wall Street's expectation by $0.03. In addition, the San Francisco-based bank raised its dividend by 10%, indicating it is in a solid financial position despite the current environment. The stock spiked 32% on the news.This, along with better-than-expected earnings from Charles Schwab (SCHW 21.91, +2.69), Northern Trust (NTRS 76.00, +8.81) and Marshall & Ilsley (13.61, +2.02) sent the financial sector soaring to a 12.3% gain -- the largest advance since it was created in 1989.It was a solid session outside of financials as well, with eight of the ten economic sectors posting an advance, aided by the second straight day of tumbling oil prices, bargain hunting and short-covering.With regard to crude oil, prices fell 3.1% after a government report showed an unexpected crude and gasoline inventory build, sparking a rally in energy-price sensitive areas.The consumer discretionary sector jumped 4.4%. General Motors (GM 11.46, +1.62) and Ford (F 5.49, +0.84) posted their largest one-day gain in years as investors scooped up the beaten down names. Meanwhile, retailers spiked 5.5% as oil prices eased.Airlines surged 18% thanks to the drop in crude prices and better-than-expected earnings from American Airline parent AMR Corp (AMR 5.74, +1.33) and Delta Airlines (DAL 6.03, +1.36).Other beaten down areas saw a surge in buying interest; the homebuilder group spiked 14% and the building product group rose 11%.The tech sector performed roughly in-line with the market, unable to outperform despite Intel (INTC 20.91, +0.20) reporting earnings that topped estimates. The semiconductor-giant's margins were on the low side of previous guidance, which kept buying interest in check.The energy sector was a laggard after the drop in crude prices took a toll on oil producers (-3.0%). The defensive-oriented utility sector slipped 1.9%.On the economic front, June inflation rose by a higher-than-expected amount due to rising energy and food costs. Core inflation also was higher than expectations due to larger increases in the indexes for shelter, tobacco and smoking products, and the apparel index. Specifically, June CPI rose 1.1% month-over-month, higher than the expected increase of 0.7%. Core CPI, which excludes food and energy, rose 0.3%, which is also higher than the consensus estimate of 0.2%. CPI is now up 5.0% year-over-year (highest since 1991) and core CPI is up 2.4%.Industrial production rebounded to a 0.5% gain in June from the decline of 0.2% in May. The gain is in part due to a 5.4% increase in the output of motor vehicles and parts as activity resumed at plants that had been idled during the American Axle strike. Separately, capacity utilization increased to 79.9% from 79.6%.Fed Chairman Bernanke gave his semiannual testimony before the House Financial Services Committee. Much of his testimony was a rehash of his appearance before the Senate yesterday. Of note, the chairman said the GSEs (Fannie Mae (FNM 9.22, +2.15) and Freddie Mac (FRE 6.91, +1.65)) are adequately capitalized and in no danger of failing. He went on to say that action by Congress is justifiable in order to raise confidence in the GSEs.The FOMC meeting minutes from the June 24-25 meeting were also released this session. The minutes did not provide the market with any new information, and as a result had a limited impact on trade.DJ30 +276.74 NASDAQ +69.14 NQ100 +2.5% R2K +3.7% SP400 +2.4% SP500 +30.45 NASDAQ Adv/Vol/Dec 2218/2.44 bln/670 NYSE Adv/Vol/Dec 2430/1.73 bln/759 …AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (7-15-08) DOW –92.65 NASDAQ +2.84 S&P –13.39 (Riduculous as stocks bounce off of 200+ decline on very bad news, ie., hyperinflation, economy so bad less oil used/demand, riiiiight!, more jawboning/b.s., etc.) Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $138.74 (NEW RECORD TRADING HIGH $147.27) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS $4.53 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.18 DIESEL)/ GOLD $978.70/ SILVER $19.01/ PLATINUM $2036/ DOLLAR= .62 EURO, 104 YEN, .49 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.83% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… Tuesday was an extremely busy and volatile session as market participants digested testimony from Fed Chairman Bernanke, several economic and earnings reports, and a plunge in crude oil prices.In heavy trading, the stock market fell 2.2% shortly after the open, rallied to a 0.5% gain in an afternoon surge and then settled with a loss of 1.1% following a late-session sell off.Financials were at the forefront of this session's decline and volatile action. The sector slumped to a 5.7% loss shortly after the opening bell on continued concerns regarding Fannie Mae (FNM 7.03, -2.70) and Freddie Mac (FRE 5.29, -1.82), a tepid response to US Bancorp's (USB 22.70, -0.63) earnings and an Oppenheimer downgrade of Wachovia (WB 9.11, -0.73).A plunge in crude prices and Washington Mutual (WM 3.48, +0.25) defending its capital position sparked a midday turnaround in the financial sector -- and the broader stock market. The sector climbed to a gain of as much as 2.3%. However, late-day selling interest sent the sector back in the red, to settle the day with a loss of 3.0%.There did not appear to be a specific cause for the tumble in crude prices, which occurred during Bernanke's testimony. Oil prices settled the day down 4.5% at $138.62 (prices fell as much as 6.4% after being up 1.1% early in the session). The stock market responded positively to the drop in crude prices, although some enthusiasm faded late in the session.Four sectors ended the session with a gain. Health care led the way with a 1.3% advance, aided by positive earnings and outlook from Johnson & Johnson (JNJ 67.67, +1.26). The energy sector posted the largest decline of 4.2%, coming under selling pressure as crude prices sank.With regard to Bernanke's testimony before the Senate Banking Committee, the Fed chairman mostly reiterated previous views that he or other Fed officials have already expressed. Bernanke noted significant risks to downside growth, and "intensified" inflation risks.In turn, the Fed raised its 2008 inflation forecast. The Fed also raised its 2008 GDP growth outlook, noting better-than-expected economic data on consumer and business spending between the April and June FOMC meetings.On the economic front, the June Producer Price Index (PPI) -- an inflation reading -- came in mixed. Total June PPI rose above expectations as higher energy and food prices drove up costs, while core PPI, which excludes food and energy prices, increased by a lower than expected amount.On a monthly basis, total PPI rose 1.8% (consensus +1.4%) and core PPI increased 0.2% (consensus +0.3%). On a yearly basis total PPI is up 9.2%, while core PPI is up a tamer 3.0%. The CPI reading will be released Wednesday morning, and market participants will closely watch to see if increased prices are being passed on to consumers.June retail sales were disappointing, falling short of expectations. However, the results do not alter our view that real GDP should increase by at least 2.5% in the second quarter. Specifically, retail sales rose 0.1% (consensus +0.4%), retail sales ex-autos rose 0.8% (consensus +0.9%). A larger portion of the ex-autos number is due to the 4.6% increase in gasoline sales on an adjusted basis. Excluding gas, retail sales were down 0.5% from the prior month. DJ30 -92.65 NASDAQ +2.84 NQ100 +0.02% R2K -0.3% SP400 -0.9% SP500 -13.39 NASDAQ Adv/Vol/Dec 1167/2.79 bln/1733 NYSE Adv/Vol/Dec 811/1.86 bln/2402 …AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (7-14-08) DOW –45.35 NASDAQ –26.21 S&P –11.19 Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $145.18 (NEW RECORD TRADING HIGH $147.27) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS $4.58 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $973.70/ SILVER $19.25/ PLATINUM $2036/ DOLLAR= .62 EURO, 106 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.86% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, Analysts say more U.S. banks will fail Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon Fannie Plan a `Disaster' to Rogers; Goldman Says Sell , why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… It was a volatile start to the week as stocks started Monday's session more than 1% higher, only to settle with a 0.9% loss. The swings came as market participants focused on the third largest bank failure in U.S. history and digested news that the government had a plan to prop up government sponsored enterprises Fannie Mae (FNM 9.68, -0.57) and Freddie Mac (FRE 7.21, -0.54).In the end, the financial sector tumbled 6.1%, marking its largest one-day percent loss in more than eight years.Treasury Secretary Paulson announced a plan that has three main parts: (1) to temporarily increase the line of credit that Fannie and Freddie have with the Treasury (2) give temporary authority for the Treasury to purchase equity in the companies and (3) give the Federal Reserve more oversight on the companies. Congress must approve the plan before it is implemented. Meanwhile, both Fannie and Freddie will be allowed to access the Fed's discount window if need be, which is similar to the emergency measures the Fed put in place for investment banks following the March Bear Stearns collapse.Fannie opened 32% higher and Freddie opened with a gain of 26%, leading the market sharply higher. However, both stocks -- and the market -- saw gains dissipate on worries that the plan will not be enough for stockholders. The plan was called a "disaster" by investor Jim Rogers and a Goldman Sachs analyst noted the potential for another 35% retreat in the stock prices of each company, according to Bloomberg.com.Financials were already poised to be in focus after nervous customers pulled their money out of IndyMac Bancorp (IMB 0.15, -0.13), prompting its collapse and subsequent seizure by the FDIC over the weekend. The possibility of failure was not unexpected -- IndyMac's stock was already down 99% from its 52-week high. Still, the results rattled the market, with fear that other regional banks may collapse. This concern was evident in the 35% decline in shares of Washington Mutual (WM 3.21, -1.74) and 19% decline in National City (NCC 3.59, -0.83) -- even though both companies rebuffed rumors of a run on their banks.Within the financial sector, 96% of stocks posted a loss. Regional banks slipped 11% and thrifts and mortgages fell 13%.Stocks fared better outside of financials, considering the next worst performing sector (utilities) posted a relatively small loss of 1.3%. Two of the ten economic sectors posted a gain, led by energy (+0.8%). There were plenty of merger and acquisition items to keep market participants busy. Anheuser-Busch (BUD 66.85, +0.35) finally agreed to be bought by InBev, after the Belgian company increased its offer to $70 per share, or $52 billion, from $65 per share.Waste Management (WMI 34.48, -2.13) offered to acquire Republic Services (RSG 31.81, +3.91) for $34 per share in cash, or roughly $6.2 billion, a 22% premium over RSG's closing price on Friday. The move comes as a defensive measure to block the merger agreement between Republic and Allied Waste (AW 11.78, -0.21).Over the weekend, Yahoo! (YHOO 22.53, -1.04) rejected a joint proposal from Microsoft. As stocks stumbled, investors sought safety in the Treasury market. The 10-year note rose 26 ticks, sending its yield down to 3.86%.DJ30 -45.35 NASDAQ -26.21 NQ100 -0.7% R2K -1.6% SP400 -1.0% SP500 -11.19 NASDAQ Adv/Vol/Dec 824/2.05 bln/2036 NYSE Adv/Vol/Dec 810/1.41 bln/2405 …AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (7-11-08) DOW –128.48 NASDAQ –18.77 S&P –13.90 Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is. Some chart data/numbers on bear markets: first chart second chart).] [CLOSE- OIL $145.08 (NEW RECORD TRADING HIGH $147.27) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS $4.58 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $965/ SILVER $18.86/ PLATINUM $2040/ DOLLAR= .62 EURO, 106 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.96% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close, why would anyone hold/invest in dollars (deficits, trade and budget substantial, economic growth declining) so sell/take profits, if you’re smart, as higher oil prices (7-10-08) sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s perpetual envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… It was another volatile session on Wall Street as the Dow Jones Industrial Average fell more than 200 points to break below 11,000 for the first time in two years. It made its way back into positive ground, though only for a moment. Renewed pessimism sent the Dow markedly lower to finish the session with a 128 point loss. Stocks spent nearly the entire session trading with sizeable losses as investors continued to fret over Fannie Mae (FNM 10.25, -2.95) and Freddie Mac (FRE 7.75, -0.25). Only when a Reuters source indicated the two lenders would have access to the Fed’s discount window did stocks rally into the green. The notion that capital would be available to the lenders if they were in dire need assuaged concern and lifted the shares; short-covering aided in the recovery. However, when the Fed would not confirm it would lend to Fannie or Freddie, stocks surrendered their gains. The concerns surrounding Fannie and Freddie overwhelmed news from General Electric (GE 27.66, +0.02), an enriched buyout bid for Anheuser-Busch (BUD 66.50, +5.29), and encouraging economic data. For the second quarter GE earned $0.54 per share matching the consensus earnings estimate. GE also announced it is divesting its consumer finance business in Japan for $5.4 billion. GE announced yesterday it is considering spinning off its consumer and industrial business. The firm is trying to focus on higher return opportunities. Belgian brewer InBev increased its bid to acquire shares of BUD to $70 per share, up from $65 per share, according to The Wall Street Journal. Shares of BUD climbed higher in response to the offer, unaffected by the turmoil surrounding the broader market. Importantly, the May trade deficit narrowed to $59.8 billion from a revised $60.5 billion in April. The real trade deficit fell to $43.6 billion from $46.7 billion in April. Briefing.com argues that the continued narrowing of the real trade deficit will add to GDP contribution and effectively offset the decline in residential construction. After trading off its highs in recent sessions, crude oil prices surged to a new record of $147.27 per barrel in early trading, only adding to the session’s pessimism. It closed its session just below the $145 per barrel mark.DJ30 -128.48 NASDAQ -18.77 NQ100 -1.6% R2K +0.7% SP400 -0.4% SP500 -13.90 NASDAQ Adv/Vol/Dec 1352/2.37 bln/1474 NYSE Adv/Vol/Dec 1042/1.73 bln/2147…AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (7-10-08) DOW +81.58 NASDAQ +22.96 S&P +8.71 Absolutely Ridiculous! Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is).] [CLOSE- OIL $140.98 (NEW RECORD TRADING HIGH Above $145.85) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.58 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $942.45/ SILVER $18.29/ PLATINUM $2019/ DOLLAR= .63 EURO, 106 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.8% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close so sell/take profits, if you’re smart, as higher oil prices sparks rally (riiiiight!) and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year; he’s right; they’re much worse! Remember greenspan’s envy of all the world speeches; now Bernanke printing hyperinflationary Weimar dollars like mad; they’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… The stock market chopped along without any clear direction Thursday, but in the end it finished respectably higher. Caution restricted much of the session’s movement. In turn, an upbeat announcement from a major retailer, news of a rich takeover bid, and encouraging economic data received relatively little attention. Dow component Wal-Mart (WMT 57.21, -0.46) announced prior to the session’s opening bell that June same-store sales climbed 5.8%, which is a considerable feat for a retailer of its size. In turn, Wal-Mart boosted its second quarter earnings outlook to the range $0.82 to $0.84 per share. Analysts pegged second quarter estimates at $0.82 per share. Wal-Mart’s growth is largely attributable to bargain-hunting consumers, who also helped drive strong results at BJ’s Wholesale (BJ 40.03, -0.40) and Costco (COST 70.86, -1.29). Their June same-store sales were up 16.5% and 9.0%, respectively. Dow Chemical (DOW 32.52, -1.44) announced it is acquiring Rohm and Haas (ROH 73.62, +28.79) for $78.00 per share, which represents a 74% premium to the previous session's closing price. Shares of ROH surged to reflect the bid, helping lift the materials sector 2.7%; the sector was the session’s best performer. The latest initial jobless claims data indicated that weekly claims are fairly stable, based on their two-week average, which stands at 375,000. The average is in-line with levels seen in March. Specific to the week ending July 5, initial claims fell 58,000 to 346,000, which is below economists’ consensus estimate. Stocks were able to close higher without the help of financials (-0.9%). Persistent concern related to the liquidity of Fannie Mae (FNM 13.20, -2.11) and Freddie Mac (FRE 8.00, -2.26) surrounds the two lenders, even after a spokesperson from Freddie Mac stated the firm has enough capital, according to Reuters. Thrifts and mortgage players, as an industry, finished 10.5% lower. Investment banks also encountered trouble during the session; the industry group finished 1.5% lower. A late-session rise in crude prices could not derail stocks in the final leg of trading either. Crude finished nearly $5 higher to close its session just shy of $141 per barrel.DJ30 +81.58 NASDAQ +22.96 SP500 +8.70 NASDAQ Adv/Vol/Dec 1557/2.29 bln/1267 NYSE Adv/Vol/Dec 1628/1.53 bln/1521 …AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (7-09-08) DOW -236.77 NASDAQ -59.55 S&P – 29.02 Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is).] [CLOSE- OIL $136.90 (NEW RECORD TRADING HIGH Above $145.85) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.58 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $929/ SILVER $18.14/ PLATINUM $1969/ DOLLAR= .63 EURO, 106 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.88% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close so sell, sell, sell if you’re smart, as oil prices dropped for the second straight day and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year. He’s right. They’re much worse! Remember greenspan’s envy of all the world speeches; Now Bernanke printing hyperinflationary Weimar dollars like mad,They’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… Stock market bulls are not happy with the market's performance on Wednesday. Stocks plummeted, led by weakness in financials and tech, giving up the market's entire advance made in the previous session. News was slow, with only one major company reporting earnings and no economic reports.The financial sector struggled, falling 5.2% -- which is a large portion of Tuesday's 5.7% advance. There was not a specific item for the decline, although selling intensified as traders became disappointed that the sector was unable to maintain its previous gains. Weakness was broad-based, but the thrift and mortgages group (-11%) was hit especially hard as Fannie Mae (FNM 15.35, -2.27) and Freddie Mac (FRE 10.38, -3.08) got clipped. Traders are concerned about the current capital position of both companies.The tech sector -- which is the largest sector -- also posted a steep decline, with weakness in large-cap names. Cisco (CSCO 21.56, -1.32) acted as the largest drag after UBS said that Cisco faces challenges due to slowing sales in the U.S. and Europe. UBS cut its price target on CSCO to $25.50 from $27.00.Crude oil prices (-0.4% at $135.50) failed to rally on a seemingly bullish oil inventory report, spurring a 2.1% decline in the energy sector. The government's weekly report showed a larger-than-expected drop in inventory levels. Crude prices traded in a choppy manner after the report, eventually falling into negative territory.Defensive investments outperformed on a relative basis. Utilities rose 0.9%, while consumer staples (-0.6%) and health care (-0.4%) fell by relatively small amount. On a related note, Treasuries saw some buying interest, with the 10-year note rising 18 ticks, sending its yield down to 3.81%.The materials sector also outperformed on a relative basis with a loss of 0.8%, although the end result was well below its session high when it was up 2.8%. The sector benefited from a 3.7% rise in steel stocks. UBS upgraded Nucor (NUE 65.59, +2.43) and Steel Dynamics (STLD 33.21, +1.51) to Buy from Neutral. UBS feels that North American steel stocks are oversold.In earnings news, Dow component Alcoa (AA 31.51, -0.82) marked the start of second quarter earnings season with its report after Tuesday's close. The aluminum company reported a drop in earnings due to high energy costs, but the results met Wall Street's forecast. DJ30 -236.77 NASDAQ -59.55 NQ100 -2.8% R2K -2.8% SP400 -1.4% SP500 -29.01 NASDAQ Adv/Vol/Dec 800/2.28 bln/2012 NYSE Adv/Vol/Dec 1072/1.49 bln/2093 …AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (7-08-08) DOW +152 NASDAQ +51 S&P +21 Absolutely Ridiculous! Similarities between 1929 and 2008 terrifying [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is).] [CLOSE- OIL $136.90 (NEW RECORD TRADING HIGH Above $145.85) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.58 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $926/ SILVER $17.89/ PLATINUM $1939/ DOLLAR= .63 EURO, 106 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.88% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Similarities between 1929 and 2008 terrifying I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, suckers’ bear market rally into the close so sell, sell, sell if you’re smart, as oil prices dropped for the second straight day and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year. He’s right. They’re much worse! Remember greenspan’s envy of all the world speeches; Now Bernanke printing hyperinflationary Weimar dollars like mad,They’re dreaming. Similarities between 1929 and 2008 terrifying U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… The stock market rebounded Tuesday following a late session rally as financial stocks soared and crude prices plummeted. The S&P 500 rose 1.7%, with eight of the ten economic sectors advancing.The financial sector spiked 5.7% in a rebound bid after falling 17% over the previous few weeks. Beaten-down names Freddie Mac (FRE 13.81, +1.90) and Fannie Mae (FNM 17.94, +2.20) showed significant strength. Fed Chairman Bernanke said the Fed is committed to financial stability, and may continue its emergency lending to investment banks through 2009.Crude fell 3.8% to $135.99 per barrel, marking a two-day decline of 6.4%. Traders took profits on reports that Iran's president wants to avoid war with Israel and the United States. Commodities as a whole fell 2.4% as the dollar rose 0.5%.The drop in crude prices lifted energy sensitive names, with transportation stocks climbing 5.0% and airlines gaining 11.2%. The consumer discretionary sector climbed 2.2%.Conversely, the energy sector slipped 1.5% due to the decline in crude prices.In corporate news, savings and loan company IndyMac Bancorp (IMB 0.44, -0.27) fell 38% after announcing that it could not successfully raise new capital, and that regulators said the firm is no longer well capitalized. IndyMac will no longer accept new loan submissions.VMware (VMW 40.24, -12.95) plunged 24% to its lowest level since its August 2007 IPO after the company said it expects fiscal year 2008 revenue growth to be below prior guidance that called for more than 50% growth. The tech company also announced the departure of its president and CEO. EMC Corp (EMC 13.39, -1.75), which has a majority holding in VMware, fell on the news.Office Depot (ODP 7.12, -3.29) announced that it expects second quarter North American retail same-store sales slipped 10% from last year, citing the sluggish economic environment. The company expects its earnings before interest and taxes margin to shrink by 2% more than previously forecast. Shares of Office Depot fell 32% on the announcement.In economic news, the latest pending home sales data indicate that the home sales market is still weak, but is not deteriorating at the same rate we saw throughout 2007. According to the National Association of Realtors, May pending home sales fell 4.7%, which is slightly more than the expected decline of 2.8%. However, April was revised higher to a gain of 7.1% from a rise of 6.3%.DJ30 +152.25 NASDAQ +51.10 NQ100 +2.4% R2K +3.7% SP400 +2.2% SP500 +21.39 NASDAQ Adv/Vol/Dec 2025/2.48 bln/844 NYSE Adv/Vol/Dec 2149/1.72 bln/1031 …AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (7-07-08) DOW –56.58 NASDAQ –2.06 S&P –10.59 [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is).] [CLOSE- OIL $141.38 (NEW RECORD TRADING HIGH Above $145.85) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.62 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $926/ SILVER $17.79/ PLATINUM $1956/ DOLLAR= .63 EURO, 106 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.98% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… Stocks were whipsawed in the week's opening session. Monday began with strong gains as the Dow Jones Industrial Average climbed more than 100 points before swinging to a loss of more than 100 points. The total swing between its high of the day and its low was 278 points. Similar volatility was seen in the other major indices, yet buyers returned late in the session to lift the major indices off their worst levels of the session. A lack of concerted leadership during trading contributed to the broad-based declines. Financials were the worst performer yet again. The financial sector had been up more than 1.0% early on, but fell to a loss of 4.0% in the afternoon. It closed 3.2% lower. Fannie Mae (FNM 15.74, -2.99) and Freddie Mac (FRE 11.91, -2.59) were two notable laggards in the sector. The two outfits encountered concerted selling pressure on chatter that accounting changes could force the companies to bring off-balance sheet assets on to their books, thus requiring large capital raises. Selling pressure eased, though, on the realization that Lehman Brothers noted the mortgage lenders would likely be exempt from the requirement. The drop among financial stocks precipitated a broad-based decline, which pulled each of the major indices into bear market territory. That is, down 20% from peaks that were reached several months ago. The afternoon's dour tone overshadowed a drop in oil prices, which closed its session on the Nymex more than $4 lower at $141.23 per barrel. The drop is the largest single-session dip in weeks. A lack of earnings news led participants to act on corporate news. Word that Microsoft (MSFT 26.03, +0.05) is willing to enter discussions with Yahoo! (YHOO 23.91, +2.56) if Yahoo replaces its board of directors lifted YHOO to its best level in recent weeks. In a similar vein, InBev is planning an effort that would replace the Anheuser-Busch (BUD 61.74, +0.07) board of directors, according to reports. Takeover attempts by InBev have been blocked by the St. Louis-based brewer's board. Elsewhere, General Electric's (GE 27.38, +0.47) NBC Universal is joining Blackstone Group (BX 16.77, -0.46) and Bain Capital to purchase The Weather Channel for $3.5 billion. On the selling side, The Wall Street Journal reported that Merrill Lynch (MER 30.36, -0.76) may be moving closer to selling its stakes in holdings like Bloomberg and BlackRock (BLK 164.21, -5.36), while General Motors (GM 10.24. +0.12) may sell some of its brands and cut its employee headcount. DJ30 -56.58 NASDAQ -2.06 NQ100 +0.6% R2K -1.1% SP400 -0.8% SP500 -10.59 NASDAQ Adv/Vol/Dec 974/2.35 bln/1877 NYSE Adv/Vol/Dec 947/1.52 bln/2225 …AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (7-03-08) DOW +73.03 NASDAQ –6.08 S&P +1.38 Ridiculous! (FOR PREVIOUS WEEK –496 –91 –39) [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is).] [CLOSE- OIL $143.58 (NEW RECORD TRADING HIGH Above $145.85) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.62 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $933.60/ SILVER $18.26/ PLATINUM $2009/ DOLLAR= .62 EURO, 105 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.98% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… After opening appreciably higher, the stock market closed Thursday just above the unchanged mark as participants traded listlessly in a shortened session just ahead of the Independence Day holiday. The Nasdaq, however, finished with a loss as weakness in the semiconductor industry weighed on the index. Notably, the latest batch of economic data also failed to spur buying interest. The stock market fell to just above the 1250 mark shortly after opening bell, but was able to climb into positive ground amid broad-based gains. Still, the advance was limited as leadership failed to emerge. Action in the largest sector, technology (+0.1%), was offset by energy (-0.5%), which is the second-largest economic sector. Technology’s advance was held in check by weakness among semiconductor companies. NVIDIA (NVDA 12.49, -5.54) plummeted 30% after providing a disappointing outlook to its investors after yesterday’s close. Shares of Intel (INTC 20.66, -0.27) also dipped in response to the announcement. While economic news did little to kick start buying, it did not turn participants away. The unemployment rate for June came in at 5.5%, exceeding the 5.4% rate that was expected. Nonfarm payrolls fell by 62,000 during the month, unchanged from the prior month, but a bit more than economists expected. Jobless claims for the week ending June 28 totaled 404,000, reflecting a loosening labor market. The week’s claims topped the 385,000 claims economists expected and were up from the prior week. Importantly, the data are consistent with a modestly growing economy and are not far enough from expectations to alter such an economic outlook. The June ISM Services Index came in at a less-than-expected 48.2, reflecting contraction. June’s reading was down from the reading of 51.7 posted in May. As a side note, the European Central Bank increased its benchmark lending rate 25 basis points to 4.25%, but comments by the ECB’s president led participants to believe another rate hike is unlikely for the time being. That notion helped the dollar gain strength, as indicated by the dollar index, which advanced 1%. The dollar’s advance helped cut into oil’s gains; crude futures had come close to $146 per barrel in electronic trading earlier in the morning.DJ30 +73.03 NASDAQ -6.08 NQ100 +0.0% R2K -1.0% SP400 -1.1% SP500 +1.37 NASDAQ Adv/Vol/Dec 1061/1.41 bln/1697 NYSE Adv/Vol/Dec 1059/931 mln/2003…AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (7-02-08) DOW –166.75 NASDAQ –53.51 S&P –23.39 (FOR PREVIOUS WEEK –496 –91 –39) [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is).] [CLOSE- OIL $143.58 (NEW RECORD TRADING HIGH Above $144) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.62 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $944/ SILVER $18.35/ PLATINUM $2055/ DOLLAR= .62 EURO, 105 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.96% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market CrashBank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… The stock market finished 1.8% lower Wednesday, closing near its worst level of the session. The downturn brings the stock market within a hair of a 20% downturn from its high, reached last October.  The loss is a disappointment as investors were unable to build on early gains as stocks continue to trade without leadership. Rising oil prices also continue to weigh on investors’ mood. All ten of the major economic sectors closed lower. Particular weakness was seen in the materials sector (-5.2%). The materials sector has traded lower in recent sessions, reversing its year-to-date advance. The sector is under pressure as investors take money off the table amid concerns that slower global growth may adversely impact demand for input materials. Notably, materials represents less than 4% of the S&P 500. Financials (-1.4%) fought to advance in the face of widespread selling, but succumbed in the end. The sector had been up 0.5%, but closed well into negative ground. Financials are the third largest sector in the S&P 500, behind tech (-1.8%) and energy (-3.2%). Specific to financial players, analysts at Oppenheimer cut earnings estimates for investment services firm Merrill Lynch (MER 31.15, -1.10). The analysis predicts Merrill could report a loss when it reports its latest results. Meanwhile, Merrill Lynch downgraded shares of General Motors (GM 9.98, -1.77) and lowered the firm’s price target amid cash concerns. The assessment was released just a day after GM announced better-than-feared monthly sales results, which provided a spark during yesterday’s action. Reuters reported that GM responded to concerns by stating it has sufficient liquidity and will consider other operating measures if conditions continue to deteriorate. Shares of GM fell below $10, its worst level in decades. In merger and acquisition news, The Wall Street Journal reported Microsoft (MSFT 25.88, -0.99) may still have an interest in Yahoo! (YHOO 20.88, +0.68) as it has allegedly approached other parties regarding a deal that would lead to a breakup of Yahoo! Meanwhile, Blockbuster (BBI 2.65, +0.14) withdrew its offer to acquire Circuit City (CC 2.32, -0.23). Afternoon losses were largely held in check until oil prices climbed higher to close at a record high of $143.58 per barrel. Earlier in the day the Department of Energy reported oil inventories posted a draw of 1.98 million barrels. Many were expecting inventories to increase. In terms of economic news, factory orders for May climbed 0.6%, which is better than the 0.5% increase economists forecast. April orders were revised upward to 1.3%.DJ30 -166.75 NASDAQ -53.51 NQ100 -2.5% R2K -2.8% SP400 -3.0% SP500 -23.39 NASDAQ Adv/Vol/Dec 739/2.43 bln/2113 NYSE Adv/Vol/Dec 824/1.52 bln/2341 …AP Business Highlights … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (7-01-08) DOW +32.25 NASDAQ +11.99 S&P +4.91 Ridiculous! (FOR PREVIOUS WEEK –496 –91 –39) [In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%. For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain. For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%. Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality (because the bear market already is).] [CLOSE- OIL $141.06 (NEW RECORD TRADING HIGH Above $143) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.62 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $941.11/ SILVER $18.13/ PLATINUM $2065/ DOLLAR= .63 EURO, 105 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.00% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, Wall Street suckers’ bear market rally into the close so sell, sell, sell if you’re smart, as oil prices dropped for the second straight day and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year. He’s right. They’re much worse! Remember greenspan’s envy of all the world speeches. Now Bernanke printing hyperinflationary Weimar dollars like mad. They’re dreaming, U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… The stock market made some wide swings during Tuesday’s action, bringing the S&P 500 face-to-face with a 20% downturn from its high, which was reached last October. Investor pessimism led the major indices to open sharply lower, but encouraging economic data provided stocks with a boost. Those gains, however, fell apart as investors returned their focus to an uncertain financial sector and persistently high oil prices, which kept participants sidelined. Stocks struggled until General Motors (GM 11.75, +0.25) reported its latest sales results, giving a lift to the major indices. The latest ISM Index indicated that manufacturing activity expanded during June, coming in at 50.2 and topping the 48.5 reading that was widely expected. The report provided participants a dose of evidence that economic conditions are not as gloomy as some would contend. Additionally, May construction spending fell 0.4% month-over-month. Economists forecast a 0.6% downturn. More importantly, nonresidential construction spending was up 0.2% in May, which follows a 1.6% increase for April. The increases help provide support to expanding GDP. Despite the positive implications of the economic data, investors turned away from the reports as the financial sector traded without clear direction. Before finishing 1.0% higher, the sector had traded with a loss of nearly 2.8%. As financials lost ground, so, too, did the major indices as concerns related to financial stocks continue to weigh on investors. Also feeding investor pessimism, crude ended its session on the Nymex $1.06 higher at $141.06 per barrel. Oil prices have been rising, in part, due to a weaker dollar. The dollar index closed 0.1% lower at 72.4. …Business Highlights (AP) … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-30-08) (DOW +3.50 NASDAQ –22..65 S&P +1.62 (FOR PREVIOUS WEEK –496 –91 –39)[CLOSE- OIL $140 (NEW RECORD TRADING HIGH Above $143) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.62 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $926/ SILVER $17.39/ PLATINUM $2059/ DOLLAR= .63 EURO, 105 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.98% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… A lack of key economic data and market-moving earnings reports left investors to focus on energy prices and the turbulent financial sector during Monday’s action. In the end, financials (-2.1%) closed at their worst level of the session and the broader market closed with a modest gain. Oil futures climbed to a new record high of $143.67 per barrel in the early going. The surge in oil prices induced selling among stocks, but buyers returned to defensive plays in an effort to protect against a bear market. Before stocks bounced back into positive ground, both the Dow Jones Industrial Average and the S&P 500 had fallen almost 20% from their record highs, which were reached last October. Utilities (+2.3%) and telecom (+3.2%) were the session's best performing sectors. Their stable businesses and steady earnings streams, considered defensive characteristics, attracted buyers amid continued concern related to financial stocks. Particular weakness was exhibited by its regional banks whose weakness undermined the Nasdaq, which was a consistent underperformer during the session. The Nasdaq closed 1.0% lower. The Dow Jones Industrial Average finished near the unchanged mark and the S&P 500 closed with a gain of just 0.1%.DJ30 +3.50 NASDAQ -22.65 NQ100 -1.0% R2K -1.2% SP400 -0.5% SP500 +1.62 NASDAQ Adv/Vol/Dec 994/2.07 bln/1902 NYSE Adv/Vol/Dec 1269/1.61 bln/1898…Business Highlights (AP): Courtesy Financial News - Yahoo! Finance… U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-27-08) (DOW –107 NASDAQ –6 S&P –5 (FOR WEEK –496 –91 –39)[CLOSE- OIL $140.25 (NEW RECORD TRADING HIGH AT $143) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.62 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $931.13/ SILVER $17.62/ PLATINUM $2051/ DOLLAR= .63 EURO, 106 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.033% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, U.S. stocks post sharp weekly losses; bear market that already is now said nears , Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… Friday’s record oil prices fed the dour mood on Wall Street and cast a shadow on positive consumer spending data. In turn, the major indices each closed lower, extending the week's losses. Week-to-date, the S&P 500 lost 2.9%, the Dow Jones Industrials Average lost 4.1%, and the Nasdaq fell 3.8%. Crude prices rallied all the way to $142.99 per barrel to set a new all-time intraday high. In the end, prices eased as oil closed slightly higher at $140.25 per barrel on the Nymex. Crude prices are up more than 45% year-to-date.
Financials finished the session as the worst performing sector. The sector closed 1.3% lower, as every one of its industry components finished lower, except insurance brokers (+1.9%). For the week, financials lost 6.5%. Merrill Lynch (MER 32.70, -0.35) grabbed its share of attention as reports indicated the firm may incur additional write-downs and may sell its stake in BlackRock (BLK 177.64, -3.06). Speculation of write-downs had limited affect on shares of MER, given that Goldman Sachs made the same inference yesterday. On a similar note, American International Group (AIG 27.69, -0.40) will likely be hit with write-downs of its own, which may result in a loss, according to Bloomberg.com. On the earnings front, Accenture (ACN 41.27, +2.42) reported better-than-expected results for its most recent fiscal quarter. The company also issued upside guidance for the coming quarter and increased its full-year outlook. That was about the extent of the day's positive earnings news as Micron Technology (MU 6.10, -0.89) and KB Home (KBH 17.72, -0.41) reported larger-than-expected losses for the latest quarter. According to Financial Times, InBev is making a hostile bid for Anheuser-Busch (BUD 62.26, +0.91) after Anheuser-Busch rejected the Belgian brewer’s offer for being inadequate and contrary to shareholders’ best interest. The day's primary economic release was largely overlooked. Real personal consumption expenditures (PCE) data for May were up 0.4%. April was revised upward to a 0.2% increase. In turn, the second quarter average of April and May data 0.5% above the first quarter average, which is already a 2% annual rate of growth. Since another gain is likely in June, due to spending resulting from the fiscal stimulus, this puts real PCE on track to post a 2.5% annual rate of growth in the second quarter. Recall, PCE represents approximately 70% of GDP. The University of Michigan’s final consumer confidence survey for June came in at 56.4, which is a bit below expectations and last month's reading. The June reading marks a new multiyear low. Note that the depressed survey results do not coincide with a similar drop in PCE.DJ30 -106.91 NASDAQ -5.74 NQ100 +0.0% R2K -0.0% SP400 -0.4% SP500 -4.77 NASDAQ Adv/Vol/Dec 1154/3.15 bln/1735 NYSE Adv/Vol/Dec 1165/2.24 bln/1969 …Business Highlights (AP) … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-26-08) (DOW –358.41 NASDAQ –79.89 S&P –38.82 [CLOSE- OIL $139.62 (NEW RECORD TRADING HIGH AT $140.05) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.62 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $916.88/ SILVER $17.14/ PLATINUM $2053/ DOLLAR= .63 EURO, 106 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.033% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, Stocks tumble as more bad economic news piles up, Wave of bad news sends Dow down nearly 360, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… The stock market fell nearly 3% Thursday, slipping below 1300 to close at its session low, while the Dow Jones Industrials Average dropped to a new 52-week low. Moving in the other direction, crude prices hit a new intraday record high, crossing the $140 per barrel threshold. Large-cap tech names were among the session’s worst performers as the Nasdaq 100 fell more than 4%. Namely, Research In Motion (RIMM 123.46, -18.88) fell more than 13% to its lowest level in two months. The company disappointed investors by reporting earnings per share results that were a penny shy of the quarterly consensus estimate. Meanwhile, Oracle (ORCL 21.42, -1.13) disappointed its investors with an underwhelming forecast. All ten of the major economic sectors finished markedly lower. Five sectors closed with losses in excess of 3%. Financials (-4.4%) were the session’s worst performing economic sector. According to reports, Goldman Sachs stated Citigroup (C 17.67, -1.18) may incur additional write-downs and may also raise more capital, while Merrill Lynch (MER 33.05, -2.41) may need to raise additional capital as well. Shares of C were added to Goldman’s Conviction Sell List, according to Dow Jones; the stock hit a new 52-week low today. Also hitting a 52-week low were shares of Dow components General Motors (GM 11.43, -1.38) and General Electric (GE 26.53, -1.46). Goldman Sachs cut estimates for General Motors, while The Wall Street Journal reported GE is having difficulty selling its credit card business …Business Highlights (AP) … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-25-08) (DOW +4.40 NASDAQ +32.98 S&P +7.68 [CLOSE- OIL $134.33 (NEW RECORD TRADING HIGH AT $139.89) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.62 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $886.10/ SILVER $16.78/ PLATINUM $2023/ DOLLAR= .63 EURO, 107 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.115% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… The stock market ended the session with a decent-sized gain after some volatile action following the Fed's decision to leave the fed funds rate unchanged. The S&P 500 was up 0.8% ahead of the Fed announcement, climbed to a gain of 1.4% on its release and then settled the day up 0.6%.The Fed left rates unchanged as expected, and its wording in the directive largely reiterated more hawkish comments leading up to the meeting from Fed Chairman Bernanke and other Fed officials. In its FOMC directive, the Fed said overall economic activity continues to expand, partially due to "firming" in household spending. However, the fed expects economic growth will face the burdens of tight credit conditions, housing contraction and the rise in energy prices.The statement says that uncertainty over the inflation outlook remains high, although it expects inflation to "moderate later this year and next year." The FOMC feels that downside economic risks have somewhat diminished, while inflation risks have increased.The Fed is likely to keep rates steady for quite a while, as economic growth will remain moderate at best for at least a few more meetings. Credit market conditions are also likely to remain fragile. These factors will inhibit any rate hikes. Addressing any uptick in inflation will not come immediately, particularly as the Fed expects inflation to moderate next year.In corporate news, MasterCard (MA 289.79, +9.42) will pay American Express (AXP 40.94, -1.16) $1.8 billion after settling their antitrust litigation. American Express claimed that MasterCard illegally blocked AXP from the U.S. bank-issued card business.Boeing (BA 69.64, -5.15) tumbled 7% on reports that it was added to a Conviction Sell List at Goldman Sachs, which cited economic concerns and fuel costs.In terms of economic news, May durable orders were flat, matching expectations, while orders excluding transportation fell by a less-than-expected amount. The data will not alter economic perceptions of a moderately growing economy.The decline in new home sales is leveling off after the steep fall in 2007 and early 2008. May new home sales fell 2.5% month-over-month on a seasonally adjusted annualized basis, which follows the upwardly revised 4.8% gain in April. The results are better than the expected drop of 2.7%. Homebuilding stocks ended the session nearly flat with a 0.2% gain.Eight of the ten economic sectors advanced. The tech sector (+1.5%) led the way, with strength in large-cap names. The financial sector settled with a gain of 0.4%, after a steep retreat from its session high of 3.4%. The sector went on the defensive following the FOMC announcement.The energy (-0.5%) and industrial sectors (-0.5%) were the main laggards. Separately, crude prices settled the session down 1.9% to $134.43 after inventory stockpiles unexpected rose. Commodities as a whole fell 0.5%.DJ30 +4.40 NASDAQ +32.98 NQ100 +1.6% R2K +1.2% SP400 +0.6% SP500 +7.68 NASDAQ Adv/Vol/Dec 1820/2.14 bln/1031 NYSE Adv/Vol/Dec 2179/1.40 bln/950 …Business Highlights (AP) … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-24-08) (DOW –34.93 NASDAQ –17.46 S&P –3.71 [CLOSE- OIL $137 (NEW RECORD TRADING HIGH AT $139.89) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.62 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $890.20/ SILVER $16.68/ PLATINUM $2032/ DOLLAR= .64 EURO, 107 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.105% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, Home prices fall in April at record rate, Consumer confidence sinks to 16-year-plus low , BlackRock sees global slowdown worsening in 2009 , DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… The stock market posted a modest loss Tuesday, after a volatile trading session. A rebound in financial stocks helped partially offset some disappointment over weak consumer sentiment, falling home prices and an earnings warning from UPS. Small-cap stocks were out of favor, with the Russell 2000 Index falling 1.7% compared to the S&P 500's decline of 0.3%.The financial sector settled the session with a 1.5% gain after being down as much as 2.2%. According to reports, Wachovia (WB 17.88, +0.96) said it hired Goldman Sachs to "perform analytics on our loans to evaluate various alternatives." Meanwhile, shares of UBS (UBS 22.07, +1.47) rose 7% on speculation that HSBC Holdings (HBC 79.06, +0.01) would make an offer to acquire UBS.Crude oil prices (+0.2% at $136.96) are up 98% compared to one-year ago, which is taking a toll on energy dependent companies. UPS (62.27, -3.99) lowered its second quarter earnings guidance, citing the increase in fuel costs and the sluggish U.S. economy. UAL Corp (UAUA 6.02, -0.07), parent company of United Airlines, is laying off 950, or 15%, of its pilots and reducing its fleet by 100 aircraft. Dow Chemical (DOW 36.61, -1.01) is again raising prices to combat rising energy costs, with a price increase of as much as 25% in July. On the economic front, consumer confidence in June slipped 13% to its lowest level since 1992, after consumers were bombarded with reports of spiking food and energy costs and rising unemployment. However, these surveys do not always correlate with actual consumer spending, so Briefing.com puts more emphasis on the consumer spending report -- set for release on Friday.The housing industry remains sluggish, although the rate of home price declines is slowing. The S&P/Case Shiller Index showed that home prices in 20 major metro areas fell 1.6% compared to last month -- the smallest drop since September. However, home prices are now down 15.2% year-over-year -- the largest drop in the composite's eight year history. The Fed kicked off its two-day FOMC meeting today. Investors expect that the fed funds rate will remain unchanged, although the wording of tomorrow's directive is likely to move the market. Expect the Fed's policy statement around 2:15 PM ET Wednesday.DJ30 -34.93 NASDAQ -17.46 NQ100 -0.5% R2K -1.7% SP400 -1.3% SP500 -3.71 NASDAQ Adv/Vol/Dec 779/2.18 bln/2089 NYSE Adv/Vol/Dec 970/1.34 bln/2172 …Business Highlights (AP) … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-23-08) (DOW –.33 NASDAQ –20.35 S&P +.07 [CLOSE- OIL $136.40 (NEW RECORD TRADING HIGH AT $139.89) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.62 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $886/ SILVER $16.82/ PLATINUM $2055/ DOLLAR= .64 EURO, 107 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.20% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. High Likelihood of a Market Crash Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… The stock market was unable to muster a gain on Monday despite dropping more than 3% last week, marking a disappointing session for the bulls. Continued concerns over financials weighed on sentiment, as did a 1.2% rise in crude prices -- despite Saudi Arabia announcing plans to increase its output by 200,000 barrels per day, or 2%.The stock market settled the session near the unchanged mark with six of the ten economic sectors in the green. The Nasdaq underperformed with a decline of 0.9%, with weakness in large and small-cap tech.The financial sector fell 2.7%, extending its year-to-date decline to 26.5%. Several factors contributed to the selling interest. Citigroup (C 18.59, -0.71) is preparing to layoff 10% of its investment banking staff, or 6,500 employees, according to reports. The financial sector was downgraded to Underperform from Neutral at Goldman Sachs, according to Reuters. Finally, AIG (AIG 30.36, -1.74) had its earnings estimates cut at Credit Suisse.The consumer discretionary sector slipped 1.6%, as it was also downgraded to Underperform at Goldman Sachs.The energy sector soared 3.7% on the gain on crude prices, which helped to offset weakness in the consumer discretionary and financial sectors. All 39 stocks within the energy sector posted a gain, with large-cap names providing leadership.Walgreen (WAG 34.68, -0.39) was the sole item on the earnings calendar. The retailer reported an increase in quarterly profit compared to last year, but its earnings of $0.58 per share fell short of Wall Street's expectations by a penny.Although the earnings calendar was light, there were plenty of merger and acquisition items to keep market participants busy.Farm products company Bunge (BG 110.86, -11.31) is buying Corn Products International (CPO 50.76, +7.86) for $4.8 billion, including roughly $400 million in debt.Waste companies Republic Services (RSG 31.04, -0.15) and Allied Waste Industries (AW 13.31, -0.25) are going to merge, with Republic paying roughly $6 billion in stock to acquire Allied.Synthetic material manufacturer Huntsman (HUN 12.79, -0.05) is suing private equity firm Apollo and two partners for fraud. Huntsman claims that it was induced to terminate its merger agreement with a Dutch company and enter a merger agreement with Apollo affiliate Hexion Specialty Chemicals instead. Last week, Apollo filed suit in an effort to get out of its $10.6 billion buyout of Huntsman, citing Huntsman's increased debt and lower-than-expected earnings.Shares of Halliburton (HAL 53.08, +3.05) spiked to a new 52-week high after the oil equipment and services company said it is no longer pursing its $3.6 billion acquisition of Expro International, according to reports. DJ30 -0.33 NASDAQ -20.35 NQ100 -0.8% R2K -0.8% SP400 -0.1% SP500 +0.07 NASDAQ Adv/Vol/Dec 829/1.89 bln/2040 NYSE Adv/Vol/Dec 1048/1.09 bln/2108 … Business Highlights (AP)… U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-20-08) (DOW –220.40 NASDAQ –55.97 S&P –24.90 [CLOSE- OIL $134.62 (NEW RECORD TRADING HIGH AT $139.89) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.62 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $903.70/ SILVER $17.40/ PLATINUM $2062/ DOLLAR= .64 EURO, 107 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.17% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, DOWNGRADES OF BANKING/FINANCIAL SECTOR AND IN AUTO SECTOR ALONG WITH BOND INSURERS AMBAC, MBIA, AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES ON COURSE, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. ON FRANK MOTTEK’S BUSINESS HOUR ONE ANALYST INITIALLY FOCUSES ON OIL NOTING THE TREND REMAINS ON THE UPPER END OF TRADING RANGE, THAT TIGHT SUPPLIES AND HIGH DEMAND (IE., CHINA, INDIA, ETC.) MAINTAIN UPWARD PRESSURE, PAINTS DIRE PICTURE FOR HARD-HIT AUTO SECTOR IN LIGHT OF LEGACY COSTS AND PRESSED CONSUMERS WHO ARE PUTTING OFF PURCHASES, SAYS ON BANKING/FINANCIAL SECTOR MORE WRITE-OFFS AT $72+ BILLION WITH CUTS IN DIVIDENDS AND DILUTION (FROM NEW SHARE ISSUES) TO RAISE CAPITAL, SOME M&A (MERGER AND ACQUISITION) ACTIVITY, AND FED WILL BE CONSTRAINED TO DO NOTHING IN LIGHT OF WEAK DOLLAR (OWING IN PART TO RATIONAL ECB POLICY) AND A BALANCED VIEW BETWEEN PROBLEMS WITH INFLATION/GROWTH. AN ECONOMIST SAYS JOB PICTURE WILL WORSEN AS THE RECESSION (YES, THIS IS A RECESSION) DOESN’T BOTTOM OUT UNTIL THE FIRST QUARTER OF 2009 (OTIMISTIC AT BEST) AND SAYS OIL SPECULATION A RELATIVELY SMALL PART OF THE HIGH OIL PRICES. LAND OF FRUITS AND NUTS ECONOMIST NOTES CAL’S HIGHER THAN NATIONWIDE (5.5%) UNEMPLOYMENT RATE AT 6.8% WHICH HE SAYS WILL CONTINUE UPWARD TREND IN LIGHT OF HOUSING BUBBLE BURST AND CONSTUCTION AND RETAIL TRADE ALSO DOWN. AN INVESTMENT REPORTER DISCUSSES LACK OF TRANSPARENCY IN OIL TRADES/SPECULATION OWING TO FOREIGN (IE., BRITISH) AUTHORITY CONTROL. AN ANALYST DISCUSSES EMERGING MARKETS AND ALTERNATIVE ASSETS (THOUGH ALSO HIT SOMEWHAT) AS OUTPERFORMING U.S. MARKETS/ASSETS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… Friday was an options expiration date, making for heavy volume as traders entered the market in droves. However, the session’s tone was pessimistic as concerns surrounding financial and bank stocks bled into other sectors. Within the financial sector (-2.5%), bond insurers MBIA (MBI 5.59, -0.86) and Ambac (ABK 2.05, +0.02) had their ratings cut by Moody's and were given a negative outlook. Fellow ratings agencies Fitch and Standard & Poor’s already trimmed their ratings on bond insurers. Matters in the financial sector were made worse as Merrill Lynch reduced its earnings estimates for a host of banks on concerns of credit risk, capital raises, and possible dividend cuts. Large-cap tech also encountered stiff selling pressure during the session, offsetting yesterday’s advance. Notably, the Nasdaq 100 fell 2.7%, hurt by easily recognizable Apple (AAPL 175.27, -5.63), Microsoft (MSFT 28.23, -0.70), and Google (GOOG 546.43, -13.77). In terms of corporate headlines, Boeing (BA 75.83, -1.12) announced it is closer to delivering its highly anticipated 787 Dreamliner after completing a key task. Shares of BA still traded lower amid the day’s raft of selling. Ford Motor Company (F 5.88, -0.44) stated it will further cut truck production. The company is shifting focus to match consumers’ appetite for more fuel efficient automobiles amid high fuel costs. Notably, Ford had its outlook lowered by Moody’s to negative from stable, reflecting the challenging environment faced by domestic auto manufacturers. General Motors (GM 13.79, -1.00) was also put on CreditWatch with negative implications. The automobile manufacturers industry finished the session 7.6% lower. Amid speculation whether Belgian brewer InBev will succeed in its effort to acquire Anheuser-Busch (BUD 60.67, -0.38), the St. Louis-based brewer announced it acquired the remaining 50% of Crown Beers India Ltd. from its partner, Crown International. Additionally, Carlos Fernandez, chairman and CEO of Mexican brewer Grupo Modelo, resigned from Anheuser-Busch’s board. Anheuser-Busch has a stake in Grupo Modelo and previously approached the company in regard to expanding its relationship.Stocks closed the session off their lows, but with significant losses. For the week, the S&P 500 lost 3.1%. The stock market has lost 5.9% month-to-date, and is down 10.3% year-to-date.DJ30 -220.40 NASDAQ -55.97 NQ100 -2.7% R2K -1.6% SP400 -1.8% SP500 -24.90 NASDAQ Dec/Adv/Vol 2088/774/2.57 bln NYSE Dec/Adv/Vol 2574/566/2.01 bln … Business Highlights (AP) … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-19-08) (DOW +35   NASDAQ +32, S&P +5 [CLOSE- OIL $131.93 (NEW RECORD TRADING HIGH AT $139.89) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.62 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $898.80/ SILVER $17.35/ PLATINUM $2062/ DOLLAR= .64 EURO, 107 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.22% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, PHILADELPHIA FED INDEX REGIONAL ASSESSMENT OF MANUFACTURING ACTIVITY POSTED A BAD READING OF -17.1 FOR JUNE WITH JOBLESS CLAIMS MORE THAN EXPECTED AND ANALYST SAYS RAISING CHINA'S GASOLINE AND DIESEL PRICES BY 46 CENTS A GALLON NOT ENOUGH TO HAVE MUCH IMPACT ON EXISTING DEMAND, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… The absence of major market-moving headlines left stocks to trade in choppy fashion Thursday. Still, the stock market was able to close higher, though shy of its session peak. The financial sector encountered some marked selling pressure after financial behemoth Citigroup (C 20.17, -0.23) stated it will continue to have substantial marks on subprime exposure this quarter and will likely incur a monoline adjustment on par with that of last quarter. On a relative note, U.S. Treasury Secretary Paulson made note in a speech that a revaluation of assets is challenging some institutions and capital raises are expected to continue and to broaden. He also stated certain capital markets remain under stress. After being down more than 2.0%, financials closed 0.9% higher. A regulatory filing indicated Kirk Kerkorian's Tracinda Corp. has increased its stake in Ford Motor Company (F 6.32, +0.10) to 6.5%. Meanwhile, fellow activist investor Carl Icahn lost a proxy fight against Biogen Idec (BIIB 59.17, +0.67) as shareholders elected the company’s nominees to its board of directors. Thursday did offer its share of economic data. Initial jobless claims for the week ending June 14 were more than expected, totaling 381,000 and down 5,000 from the prior week. Notably, weekly claims have held steady and do not reflect levels typical of a recessionary environment. The Philadelphia Fed Index, a regional assessment of manufacturing activity, posted a reading of -17.1 for June. Economists forecast a reading of -10.0. Separately, a false reading of leading economic indicators for May climbed 0.1%, matching the prior month's false reading which enables them to falsely claim in this election year of desperation their denial to the reality of recession. …Business Highlights (AP) … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-18-08) (DOW -131.24   NASDAQ -28.02, S&P -13.12 [CLOSE- OIL $136.68 (NEW RECORD TRADING HIGH AT $139.89) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.62 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $894.40/ SILVER $17.36/ PLATINUM $2103/ DOLLAR= .64 EURO, 107 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.15% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming?The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION.Bank issues global stock and credit crash alert...Write Offs to Top $1.3 Trillion.Who didn’t see this coming? The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… The major indices settled with steep losses on Wednesday, after traders digested mixed earnings reports, news that another bank is raising capital and volatile crude prices. On the earnings front, FedEx (FDX 82.72, -1.61) reported quarterly earnings that missed the consensus estimate. The Memphis, Tenn.-based company issued fiscal year 2009 earnings guidance well below expectations, citing sluggish U.S. demand and record energy prices.Morgan Stanley's (MS 40.79, +0.20) second quarter earnings per share fell 61% year-over-year, although the results were good enough to top Wall Street's low expectations. However, its revenue fell well short of estimates.One day after Goldman Sachs said U.S. banks may need to raise as much as $65 billion in additional capital, regional bank Fifth Third Bancorp (FITB 9.26, -3.47) announced plans to shore up its balance sheet. Specifically, the Ohio-based bank is going to raise $1 billion in fresh capital, sell $1 billion in assets and cut its quarterly dividend by 66% to $0.15 per share.Financials (-1.2%) fell as much as 2.5%, hitting their lowest level since 2003. The sector managed to stage a modest recovery, cutting its loss in half by the end of the day. Goldman Sachs (GS 183.05, +3.61) provided leadership, after its stock advanced in response to several positive brokerage comments.Crude oil rose 1.7% to $136.30 per barrel after trading in a volatile manner throughout the session. The government's weekly energy report showed a smaller-than-expected drop in crude inventories, and an unexpected decline in gasoline stockpiles.Weakness was broad-based on Wednesday, with all of the ten economic sectors posting a loss, and 78% of S&P 500 components settling the day in the red. However, there were several positive corporate items.Pharmaceutical giant Pfizer (PFE 17.79, +0.07) said its cholesterol drug Lipitor will not face generic competition for an extra 20 months after reaching a settlement with Ranbaxy Laboratories. The agreement will have a significant impact on Pfizer's earnings, considering in 2007 Lipitor -- the world's best selling drug -- accounted for $12.6 billion of Pfizer's $48.4 billion in revenue.General Mills (GIS 62.68, +1.95) saw some buying interest after strong sales prompted the company to issue upside earnings guidance for its latest quarter and for fiscal year 2008.Despite increasing energy costs, trucking company YRC Worldwide (YRCW 17.68, +0.90) reaffirmed its second quarter guidance, giving its shares a 5% boost. Its strength helped the Dow Transportation Average outperform with a 0.3% gain, despite the dour outlook from FedEx.Boeing (BA 74.68, +0.30) will get another chance to bid on the aerial refueling tanker contract for the Air Force after the Government Accountability Office declared the Air Force made a "number of significant errors." This is a blow to Northrop Grumman (NOC 70.00, -1.09), the original winner of the contract. The deal could be worth up to $40 billion.DJ30 -131.24 NASDAQ -28.02 NQ100 -1.1% R2K -0.8% SP400 -0.8% SP500 -13.12 NASDAQ Adv/Vol/Dec 790/2.06 bln/2050 NYSE Adv/Vol/Dec 850/1.28 bln/2246 … … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-17-08) (DOW -108.78 NASDAQ -17.05, S&P –9.21 [CLOSE- OIL $134.01 (NEW RECORD TRADING HIGH AT $139.89) GAS $4.08 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.62 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $883.00/ SILVER $17.05/ PLATINUM $2073/ DOLLAR= .64 EURO, 107 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.27% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, INFLATION UP AND PRODUCTION DOWN EQUALS STAGFLATION (EVEN WORSE WHEN REAL NUMBERS HIT HOME), NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION. The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… The stock market fluctuated on Tuesday as traders digested mixed economic reports and highly anticipated earnings reports from Best Buy (BBY 43.32, -2.56) and Goldman Sachs (GS 179.62, -2.47). Eventually, renewed fears within the financial sector sank stocks, with the S&P 500 ending the day 0.7% lower, near session lows.Goldman Sachs said it earned $4.58 per share in the second quarter, which is down from the previous year, but is 34% higher than Wall Street had forecast. Considering that Goldman rallied 12% in the three sessions leading up to its report, it can be said the market got what it expected -- which limited the report's impact.Despite Goldman's relatively strong results, financials (-2.9%) ended the day with the largest decline. Regional banks fell 5.7% after Goldman Sachs estimated that U.S. banks may need to raise up to $65 billion in fresh capital, according to reports. American Express (AXP 42.74, -1.94) struggled after Friedman Billings forecast consumer credit quality will continue to deteriorate.In earnings news, shares of Best Buy spiked higher in premarket trading after the retailer reported better-than expected earnings, but shares settled 5.6% lower. As a result, the stock was the worst-performing name within the S&P 500 Retailing Index (-1.6%).Economic news was mixed. May PPI rose by a higher-than-expected amount due to the spike in energy prices. However, core PPI -- which excludes food and energy -- was in-line with estimates. Weak consumer demand has limited the ability of producers to raise prices. The year-over-year increase in PPI is now 7.2%. The year-over-year increase in the core rate is 3.0%.The major indices fall to session lows, led by weakness within tech stocks (-0.9%). The tech-heavy Nasdaq is now trailing the S&P 500, after outperforming for most of the session.Financials (-2.4%) have just hit session lows, yet CME Group (CME 444.12, +24.71), parent company of the Chicago Mercantile Exchange, is up 5.9%. CME announced this morning that it received unconditional clearance to proceed with its acquisition of Nymex from the Department of Justice. CME was also upgraded to Buy from Hold at Citigroup.The housing industry is still depressed, but the pace of declines in housing starts is slowing -- which is a positive for the construction spending portion of GDP forecasts. Housing starts fell 3.3% from the prior month and building permits dipped 1.3%. Homebuilding stocks ended the session 3.4% lower.Industrial production in May unexpectedly dipped, but the slowdown is still not near the levels seen during the 2001 recession. Specifically, production declined 0.2% from the prior month, which was worse than the forecast of a 0.1% increase. Capacity utilization slipped 0.2% to 79.4%.Separately, fed fund futures indicate a smaller chance of a Fed rate hike in the near term after The Wall Street Journal reported that the Fed is unlikely to raise the fed funds rates before autumn.DJ30 -108.79 NASDAQ -17.05 NQ100 -0.6% R2K -0.6% SP400 -0.1% SP500 -9.21 NASDAQ Dec/Adv/Vol 1812/1031/1.83 bln NYSE Dec/Adv/Vol 1837/1271/1.09 bln …Business Highlights (AP) … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-16-08) (DOW -38 NASDAQ +20, S&P -0- RIDICULOUS!) [CLOSE- OIL $134.61 (NEW RECORD TRADING HIGH AT $139.89) GAS $4.06 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.62 REG./ $4.91 MID-GRADE/ $5.00 PREM./ $5.17 DIESEL)/ GOLD $886.30/ SILVER $17.23/ PLATINUM $2065/ DOLLAR= .64 EURO, 107 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.27% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, NEW YORK MANUFACTURING INDEX DOWN AGAIN, REAL ESTATE PLUNGING, HOME BUILDERS’ CONFIDENCE AT/NEAR RECORD LOWS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION. The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise' ] YAHOO… The stock market settled unchanged on Monday, as strength in financials offset weakness in consumer staples and telecom. The tech-heavy Nasdaq Composite handily outperformed the broader market with a gain of 0.8% thanks to strength in large-cap names.Much of the action, however, was outside of the stock market, with crude prices going on massive $7 swing from peak to trough.Crude oil futures soared 3.7% to an all-time high of $139.89 per barrel in premarket trading -- which occurred despite reports that Saudi Arabia is going to increase its output by 200,000 barrels a day, increasing worldwide supply by 0.2%. There was not a specific catalyst for the advance, although a declining dollar (-0.7%) and reports of a North Sea rig fire played a role in the buying interest. Then on no specific news, crude reversed in the red, settling the day with a loss of 0.8% at $133.82 per barrel.The financial sector was once again in focus on Monday. Lehman Brothers (LEH 27.09, +1.28) reported a second quarter loss of $2.8 billion, or $5.14 per share -- matching its preannouncement. Lehman's stock rose 5%, with investors encouraged on word that the company cut its mortgage holdings by 20%.AIG (AIG 34.02, -0.16) ousted its CEO in response to poor handling of the credit market turmoil, which follows in the footsteps of several other major financial firms. AIG said the management change is not in response to its second quarter results, which the company is expected to report sometime in August.Financials (+1.1%) outperformed throughout the session, and settled the day with the largest advance.The Nasdaq outperformed with Research In Motion (RIMM 140.96, +8.00) benefiting from several positive brokerage comments and Teva Pharmaceutical (TEVA 44.74, +2.24) advancing after announcing one of its drugs can slow down the progression of Parkinson's disease. Apple (AAPL 176.85, +4.48) also gave the index a boost, with brokerage firm RBC increasing its iPhone sales estimates and speculation over CEO Steve Jobs' health driving the buying interest.Brokerage downgrades of giants General Electric (GE 28.96, -0.19), Verizon (VZ 36.19, -1.14) and AT&T (T 36.14, -0.54) -- which make up more than 5% of the S&P 500 -- prevented the broader market from making an advance.Verizon and AT&T were downgraded to Neutral from Buy at UBS. The firm believes economic weakness will hinder results at the telecom giants. The telecom sector (-1.4%) posted the largest loss of the day.General Electric -- the second largest company within the S&P 500 behind Exxon Mobil (XOM 88.00, -0.36) -- was downgraded to Neutral from Outperform at JPMorgan. The firm feels that slower economic growth may reduce GE's earnings.In economic news, June manufacturing activity in the New York region contracted by a larger-than-expected amount, according to the NY Empire State Index. The reading slipped 5.5 to -8.7, which fell short of the consensus estimate of -2.0. The stock market responded negatively to the report.DJ30 -38.27 NASDAQ +20.28 NQ100 +1.0% R2K +1.0% SP400 +0.8% SP500 +0.11 NASDAQ Dec/Adv/Vol 1168/1673/1.85 bln NYSE Dec/Adv/Vol 1225/1879/1.16 bln …Business Highlights (AP) … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-13-08) (DOW +165, NASDAQ +50, S&P +20 RIDICULOUS!) [CLOSE- OIL $134.86 (NEW RECORD TRADING HIGH AT $139.05) GAS $4.06 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.58 REG./ $4.65 MID-GRADE/ $4.95 PREM./ $5.17 DIESEL)/ GOLD $873.10/ SILVER $16.56/ PLATINUM $2065/ DOLLAR= .64 EURO, 107 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.26% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. THE FED/WALL STREET FOCUS/DEFLECTION ON CORE INFLATION IS A SHAM/FRAUD AND TANTAMOUNT TO SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, BAD NEWS BULLS SCENARIO AS ALL NEWS BAD BUT STOCKS RALLIED (AT BEST GIVING THEM BENEFIT OF DOUBT, A SHORT-COVERING RALLY) AS CONSUMER CONFIDENCE AT LOWEST POINT IN 28 YEARS FOR GOOD REASONS, FORECLOSURES UP 50% TO RECORD HIGH LEVELS, COMMODITIES (IE., CORN, ETC.) UP SHARPLY OWING TO MIDWEST FLOODS WHICH WILL ALSO IMPACT OIL TO THE UPSIDE GOING FORWARD AS LESS ETHANOL SUPPLIES/HIGHER PRICES, ONE RADIO REPORTER INTERVIEWS ECONOMIST WHO INDICATES SCEPTICISM REGARDING (IE., INFLATION, ETC.) NUMBERS WHICH HE BELIEVES ARE WORSE THAN REPORTED (HE’S RIGHT) BUT STILL MORE THAN EXPECTED UP .6% AND UP MOST IN 6 MONTHS (INFLATION NUMBERS FUDGED FOR FED), ALL-TIME HIGH REPOSSESSIONS UP 158%, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE AND WALL STREET FRAUD), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE/ENCOURAGE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY VALUE-SELL THE SIZZLE/B**L S**T/AND WHAT IS LEAST UNDERSTOOD IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINISCULE) AND THEIR RETAIL SALES INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ON FRANK MOTTEK’S BUSINESS HOUR ONE ANALYST EMPASIZES TREASURY YIELDS AT HIGHEST POINT THIS YEAR, WEAK CONSUMER CONFIDENCE (WHICH TRANSLATES INTO WEAK SPENDING), FINANCIAL MELT-DOWN FAR FROM OVER AS REGIONAL BANKS BEGIN TO TAKE HITS WHILE OIL ANALYST CITES UPWARD PRESSURE ON PRICES AND TOUGH ENVIRONMENT FOR REFINERS. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION. ] YAHOO…Stocks spiked in the final minutes of Friday’s session, ending the session with a 1.5% gain. The day’s optimistic tone was established early on as oil prices stepped lower and core economic data met economists’ expectations. The session’s advance helped position stocks to finish the week just below the unchanged mark. Crude prices closed down $1.90 on the New York Mercantile Exchange, settling at $134.84 per barrel and finishing the week roughly 2.7% lower. The sustained drop in oil prices helped provide airline and transportation stocks a healthy lift. The Amex Airline Index climbed 4.3% and the Dow Jones Transportation Average advanced 1.4%. Consumer prices increased 0.6% month-over-month and 4.2% year-over-year, according to the May CPI data. Economists were forecasting a monthly increase of 0.5% and an annualized increase of 3.9%. Core CPI data, which excludes food and energy, indicated prices increased 0.2% month-over-month and 2.3% year-over-year, which is in-line with the consensus. Notably, the figures are unlikely to alter inflationary expectations. Still, a key issue going forward remains the broader implications of commodity price pressures, especially as they relate to energy. Meanwhile, the University of Michigan preliminary consumer sentiment survey for June rang in at 56.7, falling below economists’ expectations. The June reading is down from 59.8 in May and marks the fifth straight month-over-month decline. The abundance of Friday’s major corporate headlines were dedicated to deal making. Multiple sources reported that Anheuser-Busch (BUD 61.24, -0.16) approached Mexico’s Grupo Modelo seeking an arrangement that would block an unsolicited bid from Belgian brewer InBev. On Thursday, Yahoo! (YHOO 23.47, -0.05) announced it failed to reach an agreement with Microsoft (MSFT 29.07, +0.83), but it has, instead, decided to team up with Google (GOOG 571.51, +21.02) to increase its competitiveness in Internet search and display markets. Shares of YHOO spent nearly the entire session trading lower, but MSFT and GOOG made solid gains. Oil giant Exxon Mobil (XOM 88.36, +1.30) is planning to divest its domestic retail gasoline business over the next few years, according to The Wall Street Journal. The company plans to sell most of the stations to distributors that already own and operate many of the stations. According to Reuters' sources, Time Warner (TWX 15.43, +0.52) is pulling its bid for Weather Channel. Time Warner reportedly backed out of the offer after reconsidering the price of the deal. The 10-year Treasury Note fell further out of favor in afternoon trading, pushing its yield to its highest level this year. The Note fell 11 ticks. Its yield climbed to 4.26%.DJ30 +165.77 NASDAQ +50.15 SP500 +20.16 NASDAQ Dec/Adv/Vol 808/2065/2.1 bln NYSE Dec/Adv/Vol 845/2271/1.22 bln …Business Highlights (AP) … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-12-08) (DOW +58, NASDAQ +10, S&P +4 )(TRANSPORTATION +40, UTILITIES +.3) [CLOSE- OIL $136.74 (NEW RECORD TRADING HIGH AT $139.05) GAS $4.06 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.49 REG./ $4.54 MID-GRADE/ $4.69 PREM./ $5.15 DIESEL)/ GOLD $872/ SILVER $16.48/ PLATINUM $2044/ DOLLAR= .64 EURO, 107 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.22% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, JOBLESS CLAIMS UP MORE THAN EXPECTED AT HEFTY 384,000, RETAIL SALES UP MORE THAN EXPECTED 1.4% (EXCLUDING AUTOS-SMART MOVE FOR NUMBERS SAKE), BUT INVENTORIES OF GOODS ROSE (THERE’S A LITTLE COST-ACCOUNTING TRICK WHICH FRAUDS ON WALL STREET WOULD CELEBRATE SINCE QUALITY OF EARNINGS IS APPARENTLY NO LONGER SOMETHING THEY NEED TO VALUE-SELL THE SIZZLE/B**L S**T IS THERE MODUS POERANDI/MANTRA, VIZ., OVER-PRODUCE GOODS FOR SALE (THE HIGHER INVENTORIES JUST REPORTED) AND ATTRIBUTE FIXED COSTS TO GREATER NUMBER OF GOODS WHICH WOULD INCREASE PAPER PROFITS FOR THOSE GOODS SOLD IN THE QUARTER (BE ESPECIALLY WARY SINCE COMPUTERIZATION HAS MADE SUCH INVENTORY SURPLUSES AND THE CYCLICAL DOWNTURNS THEREBY RELATIVELY RARE/MINOR) AND INCLUDES THOSE HIGH OIL PRICES,   BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION. ] YAHOO…It appeared the stock market would reclaim a substantial portion of its recent losses Thursday, but the session’s optimism faded during afternoon trading as buyers moved to the exits. Still, after dipping into negative ground the stock market was able to close 0.3% higher.Helping to fuel morning buying interest was a slip in oil prices and renewed interest in financial stocks, along with some positive economic data. Financials gained as investors sought opportunities after the sector was clipped in the previous session. Primary leaders included marquee names from the banking industry, such as Bank of America (BAC 29.44, +0.59), Citigroup (C 19.89, +0.68), and JPMorgan Chase (JPM 38.01, +0.88). However, investment services firm Lehman Brothers (LEH 22.70, -1.05) failed to attract positive attention. The firm announced today it is ousting its CFO and COO. The news sent its shares sharply lower as investors began to fear Lehman’s problems may be worse than presumed. Notably, the financial sector was upgraded at Morgan Stanley. The sector closed more than 2.0% higher. Oil prices were down 3.0% at one point, but staged a comeback to close on the Nymex $0.59 higher at $136.97 per barrel. Oil’s resurgence undercut much of the session’s optimism. Though oil made its way back into positive ground, the energy sector still closed 1.8% lower on Thursday. In merger and acquisition news, Belgian brewer InBev made an unsolicited $46 billion offer for Anheuser-Busch (BUD 61.40, +3.05). The offer to BUD shareholders is worth $65 per share, or an 11% premium to yesterday’s closing price, but will likely be met with considerable resistance by politicians and brand faithful. As for Yahoo! (YHOO 23.52, -2.63) and Microsoft (MSFT 28.24, +1.12), the two tech heavyweights failed to reach an agreement related to possible business combinations. Shares of YHOO fell precipitously on the news. Microsoft’s stock closed near its session high as investors believe it will put its dealings with Yahoo! in its past. From the economic corner, May retail sales increased by 1.2%, excluding autos. The results bested the 0.7% increase that economists expected. April sales, less autos, were revised upward to an increase of 1.0%. The better-than-expected results also encouraged early morning sentiment as the data, paired with last week’s same-store sales data for May, will likely result in upward revisions to second quarter GDP forecasts. In other economic news, initial jobless claims for the week ending June 7 totaled 384,000, which is more than the 370,000 claims that were expected. In turn, the four week moving average advanced to 371,500 from 369,000. Continuing claims rose to 3.139 million from 3.081 million.Separately, the 10-year Treasury note fell considerably on Thursday, lifting its yield to 4.22%, which is the note's highest yield this year.DJ30 +57.81 NASDAQ +10.34 NQ100 0.0% R2K +0.3% SP400 +0.1% SP500 +4.38 NASDAQ Dec/Adv/Vol 1309/1541/2.26 bln NYSE Dec/Adv/Vol 1496/1628/1.33 bln … … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-11-08) (DOW -206, NASDAQ -55, S&P -23 )(TRANSPORTATION –246, UTILITIES –4) [CLOSE- OIL $136.38 (NEW RECORD TRADING HIGH AT $139.05) GAS $4.05 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.49 REG./ $4.54 MID-GRADE/ $4.69 PREM./ $5.15 DIESEL)/ GOLD $880.20/ SILVER $16.86/ PLATINUM $2044/ DOLLAR= .64 EURO, 107 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.07% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. ON FRANK MOTTEK’S BUSINESS HOUR ONE ANALYST DESCRIBES THE TRADING DAY AS ‘DUCK AND COVER, UGLY, DON’T TRY TO CATCH A FALLING KNIFE (STOCKS AS IE., FINANCIALS)’ AND THOUGH SOMEWHAT PLATITUDINOUS, WHAT CAN YOU SAY WHEN IN REALITY AND BEHIND THE SCENES ANALYSTS SAYING GUIDANCE WILL BE LOWER, SECOND QUARTER, FINANCIAL SECTOR BAD AT LEAST THROUGH 2009, AND INVITES ATTENTION TO ETF’S, SHORT-TERM CASH FUNDS, SHORT-TERM INFLATION PROTECTED PAPER. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE IN GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION. ] YAHOO… Wednesday was an ugly session for Wall Street, with the Dow dropping more than 200 points as financial stocks fell on renewed write-down concerns. Oil prices surged 4.0% and commodities advanced 2.7%, which fueled increased concerns over global inflation and interest rate increases.Crude oil rallied $5.33 to $137.19 per barrel, marking a year-to-date increase of 42% and a one-year gain of 107%. The government reported a larger-than-expected decrease in inventory stockpiles for the week ended June 6, which increased supply concerns. Commodities (+2.7%) as a whole spiked, with grains gaining 5.5%. Wet weather and flooding is expected to decrease crop yields.On top of supply concerns, a 0.6% slide in the dollar helped add to the buying interest in commodities. The dollar saw the bulk of its losses after a European Central Bank official noted it is ready to "step up" rates if inflation data warrants an increase.The Fed continued to hint it is likely done cutting rates, and its next move will be an increase. Specifically, Fed Reserve Vice Chairman Kohn said anchoring inflation expectations "is critical" and that the gain in oil prices is raising consumer inflation expectations.The Fed's Beige Book -- which contains anecdotal economic information from the 12 Fed districts -- expressed evidence of increased inflation. In brief, reports of higher input costs were widespread, with manufacturing firms in several districts passing along some of their higher costs to customers. Economic activity remained "generally weak in late April and May." The book did not provide any surprises, so the market had a limited reaction to the report.The fears over increased inflation and interest rates sparked a mostly broad-based sell off on Wall Street, as only sector to finish with a gain was energy (+0.8%), benefiting from the climb in crude prices.There was not much strength in other areas, with 96% of nonenergy stocks within the S&P 500 posting a loss. Oil sensitive areas were hit hard. The Dow Jones Transportation average fell 4.7%, and the Amex Airline Index fell 6.1%. Railroad transportation company Burlington Northern Santa Fe (BNI 103.85, -7.71) plummeted 7% after UBS placed a short-term sell rating on the stock, noting the possibility of a profit warning or earnings miss when the company reports on July 24.Financials (-3.3%) got hammered on renewed credit market and write-down concerns. Oppenheimer analyst Meredith Whitney -- who has a history of accurate calls -- said on CNBC that she thinks future losses on banks from loans have the potential to be greater than losses from collaterized debt obligations in the first quarter. She added that she feels dividends at all banks are in question. Lehman Brothers (LEH 23.75, -3.75) -- the focal point during the stock market's recent weakness -- fell 14%. The stock was downgraded to Neutral from Buy at Merrill -- just one week after Merrill upgraded the name.In corporate news, Staples (SPLS 24.39, +1.25) was one of the few retailers to post a gain. Investors were pleased to hear Dutch office supply company Corporate Express accepted the latest buyout offer from Staples, worth $4.8 billion at current exchange rates.DJ30 -205.99 NASDAQ -54.93 NQ100 -2.4% R2K -2.0% SP400 -1.8% SP500 -22.95 NASDAQ Dec/Adv/Vol 2217/658/2.10 bln NYSE Dec/Adv/Vol 2577/589/1.39 bln …Business Highlights (AP) … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-10-08) (DOW +9, NASDAQ -10, S&P -3 ) [CLOSE- OIL $131.31 (NEW RECORD TRADING HIGH AT $139.05) GAS $4.04 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.42 REG./ $4.54 MID-GRADE/ $4.69 PREM./ $5.15 DIESEL)/ GOLD $871.70/ SILVER $16.62/ PLATINUM $2026/ DOLLAR= .64 EURO, 107 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.01% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, BERNANKE JAWBONES DOLLAR UP, RIIIIIGHT, SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. YAHOO EXPRESSES DISAPPOINTMENT AT ONLY A 1 POINT GAIN FOR THE S&P WHEN, BASED ON REALITY, THERE SHOULD BE JUMPING FOR JOY ON WALL STREET. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION. ] YAHOO… Stocks fluctuated on Tuesday as crude retreated from a gain of 2.7% to a decline of 2.0% and traders digested stern words on inflation from Fed officials. The S&P 500 eventually settled the day with modest losses, while the Dow settled with a slight gain.Fed Chairman Bernanke noted policy makers will "strongly resist" any surge in inflation expectations, although he acknowledged downside risks to growth remain. Fed officials have made it sound of late that they are most likely done cutting rates, and that the next move is likely an increase in rates. Fed funds futures suggest an 87% probability that rates will be increased by the end of September.Market participants are not pleased with the possibility of rate increases while growth is still sluggish, aware of the adverse earnings implications this scenario is likely to have.The hawkish inflation comments sparked a 1.15% rally in the dollar -- its largest one-day gain since 2005. This prompted a 1.9% drop in crude prices and a 3.0% decline in gold. As a result, the energy (-2.2%) and materials (-1.3%) sectors posted the largest declines.Four of the ten economic sectors posted a gain. Financials stocks led the way after rebounding from their 7.2% loss over the last two sessions. Large-cap names such as JPMorgan Chase (JPM 38.27, +0.76), Wells Fargo ( 25.92, +0.65) and Citigroup (C 20.27, +0.67) showed notable strength. Recently hard hit Lehman Brothers (LEH 27.32, -2.16) did not participate in the advance, with shares falling 7% after being downgraded at several brokerages.The consumer staples sector posted a solid gain of 0.9%. Coca-Cola (KO 58.01, +2.15) surged 3.9% after being upgraded to Buy from Hold at Deutsche Bank.In economic news, the April trade deficit widened to $60.9 billion from a downwardly revised $56.5 billion in March. However, the real trade deficit (inflation adjusted) -- which is factored into GDP forecasts -- dipped 0.1% to $46.898 billion from $46.966 billion. If the real trade deficit stays at the current level, the net export component of GDP should boost the second quarter calculation by over 1.0%. DJ30 +9.44 NASDAQ -10.52 NQ100 -0.4% R2K -0.4% SP400 -0.7% SP500 -3.32 NASDAQ Dec/Adv/Vol 1636/1184/2.05 bln NYSE Dec/Adv/Vol 2077/1085/1.39 bln … Business Highlights (AP) … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-9-08) (DOW +70, NASDAQ -15, S&P +1 ) [CLOSE- OIL $134.07 (NEW RECORD TRADING HIGH AT $139.05) GAS $4.00 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.40 REG./ $4.54 MID-GRADE/ $4.69 PREM./ $5.15 DIESEL)/ GOLD $890.20/ SILVER $17.07/ PLATINUM $2026/ DOLLAR= .63 EURO, 105 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.95% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. . 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, BUT SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT. YAHOO EXPRESSES DISAPPOINTMENT AT ONLY A 1 POINT GAIN FOR THE S&P WHEN, BASED ON REALITY, THERE SHOULD BE JUMPING FOR JOY ON WALL STREET. DON’T FORGET: THIS ELECTION YEAR PRINT AND SPEND WORTHLESS WEIMAR DOLLARS, SPIKE GOVERNMENT PAYROLLS, FAKE/FUDGE DATA/REPORTS, ETC., CAN’T CONTINUE IN LIGHT OF SUBSTANTIAL DEFICITS AND THE FANTASY BUBBLE WILL BURST POST ELECTION. ] YAHOO… After a volatile day of trade Monday, the major indices ended the session in mixed fashion. The S&P 500 gained one point, as strength in energy (+2.7%) helped offset weakness in financials (-2.3%).This result is somewhat disappointing, considering the S&P 500 could only muster a 0.1% gain after falling more than 3% on Friday -- especially taking into consideration that the session's economic data topped expectations and that crude prices posted a steep decline.Large-cap tech was under pressure, which caused the Nasdaq to fall 0.6%. A better-than-expected same-store sales report from McDonald's (MCD 59.33, +2.38) and speculation that Alcoa (AA 42.17, +2.95) could be a takeover target helped lift the Dow to a 0.6% gain.Selling interest within financials was fueled by a disappointing earnings preannouncement from Lehman Brothers (LEH 29.62, -2.67). Lehman expects a massive $2.8 billion second quarter loss and plans to raise $6.0 billion in new capital in common and preferred stock offerings -- which is on the high end of previous speculation. The $4.0 billion common stock offering was priced at $28 per share, a 13% discount to Friday's closing price. The firm also priced a $2.0 billion public offering of 2 million shares of 8.75% noncumulative mandatory convertible preferred stock.The financial sector traded as high as 0.8% in a rebound bid following Friday's decline of roughly 5%, but plummeted to a new five-year low after New York Fed President Geithner said global inflation will probably require tighter policy.This isn't an earth-shattering revelation since Geithner is simply stating the obvious. Nevertheless, his remarks fit neatly with commentary of late from other Fed officials who are sounding more hawkish about keeping inflation in check than they have in the recent past.There were some positive items on Monday. Crude oil fell 2.9% to $134.54 as investors took some profits following Friday's 8.4% spike. The dollar gained 0.65% in the wake of hawkish Fed comments, which also played a role in crude's retreat. A Saudi official said the current price of oil is not supported by fundamentals, although OPEC has been expressing this view long before oil hit $100.In economic news, April pending home sales unexpectedly rose 6.3% on a seasonally adjusted annual rate, according to the National Association of Realtors. Economists expected sales to fall 0.4%.In corporate news, Honeywell (HON 54.81, +0.80) announced that it signed a definitive agreement to sell its Aerospace Consumable Solutions business to B/E Aerospace (BEAV 29.96, +2.98) for $1.05 billion. Honeywell feels the Consumables Solutions unit no longer fits with Honeywell Aerospace's focus on advanced technologies.Apple (AAPL 181.61, -4.03) traded in a volatile manner leading up to and following its unveiling of the new iPhone, which is set for release on July 11. AT&T (T 37.56, -0.65), which will remain the exclusive carrier of the phone, got clipped after announcing it expects the phone will pressure its margins and earnings. DJ30 +70.51 NASDAQ -15.10 NQ100 -0.5% R2K -0.7% SP400 -0.1% SP500 +1.08 NASDAQ Dec/Adv/Vol 1952/913/2.13 bln NYSE Dec/Adv/Vol 2004/1111/1.36 bln … Business Highlights (AP) … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-6-08) (DOW -395, NASDAQ -75, S&P -43 ) [CLOSE- OIL $138.54 (NEW RECORD HIGH) (NEW RECORD TRADING HIGH AT $139.05) GAS $3.98 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.38 REG./ $4.54 MID-GRADE/ $4.69 PREM./ $5.15 DIESEL)/ GOLD $899/ SILVER $17.43/ PLATINUM $2081/ DOLLAR= .63 EURO, 104 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.93% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). SUCKERS’ BEAR MARKET/SHORT COVERING RALLY/NEW BUBBLE MODE (ALONG WITH MODEST DROPS RELATIVE TO REALITY) SO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. 5 REASONS WHY THE FED HAS FAILED. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS REMAIN FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, BUT SOME REALITY CATCHES UP AS UNEMPLOYMENT RATE JUMPS TO 5.5% WHILE INTERNATIONAL LAW SCOFFLAW ISRAEL SAYS ATTACKING IRAN INEVITABLE AS OIL ANALYST SAYS $300 OIL IF UN RESOLUTION VIOLATOR/WAR CRIMINAL ISRAEL DOES, BELYING THE FALSE DATA, IE., 6-5-08 UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAINING PROBLEMS INCLUDING HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT). ON FRANK MOTTEK’S BUSINESS HOUR ONE ANALYST SAYS JUMP IN UNEMPLOYMENT RATE (HIGHEST IN 22 YEARS) A KICK IN THE GUT (HOW ABOUT KICK IN THE HEAD), COMMODITIES IN CHARGE, CROSSCURRENTS OF RECESSION/EMPLOYMENT, FOCUS ON DIVIDEND/BOND YIELDS, BANKS REGISTER DOUBLE DIGIT DECLINES FOR WEEK OWING TO INADEQUATE LOAN RESERVES AND BALANCE SHEET PROBLEMS SO UNDERWEIGHT FINANCIALS. AN OIL ANALYST CITES CONFLUENCE OF EVENTS FOR MARKET SWOON, PARTICULARLY ISRAEL’S INTENTION TO ATTACK IRAN AND THE WEAK DOLLAR, SAYS $150 OIL BY JULY 4, 10-15 CENTS HIGHER GAS BY TOMORROW AND ANOTHER 20-30 CENTS HIGHER NEAR TERM, ISRAEL WAR/TRANSPORATATION MINISTER SAYS U.S. WILL SELF-DESTRUCTIVELY SUPPORT ISRAEL IN ATTACK AND $300 OIL IF WAR CRIMINAL NATION ISRAEL DOES SO, AND LABELS SAME DOOMSDAY SCENARIO. AN ECONOMIST SAYS VERY BAD NEWS FOR ECONOMY, DEMAND/SUPPLY EQUATION VERY TIGHT AND HIGHER OIL A VERY NEGATIVE EFFECT ON ECONOMY AS CONSUMERS DIVERT DISCRETIONARY INCOME TO HIGHER ENERGY AND OTHER COSTS, THAT WAGES ARE NOT KEEPING PACE WITH SUCH HIGHER COSTS, THAT THIS IS THE FIFTH MONTH IN A ROW FOR JOB LOSSES, AND CONCLUDES WITH REALITY THAT THIS IS A RECESSION. A CURRENCY ANALYST/EXPERT SAID FED TALKED UP DOLLAR WHICH PROPPING UP DIDN’T WORK, THAT REALITY IS SINKING IN, INVESTORS SEEKING SAFE HAVEN FROM INFLATION (IE., COMMODITIES, ETC.), THAT 20% OF HOMEOWNERS ARE INSOLVENT (PROPERTIES WOTH LESS THAN MORTGAGE AMOUNTS), AND THAT BERNANKE HAS BEEN WRONG IN THAT INFLATION IS NOT FROM WAGES BUT THAT U.S. IS NOW IMPORTING INFLATION AS EXPORTING NATIONS (TO U.S.) PASSING ON HIGHER COSTS IN HIGHER PRICES. LAND OF FRUITS AND NUTS ECONOMIST SAYS PEOPLE RINGING THEIR HANDS AS THEY HAVE LESS MONEY TO SPEND IN LIGHT OF IE., HIGHER DIESEL, ENERGY/TRANSPORTATION COSTS, WITH ENERGY SURCHARGES ON IMPORTS. A TYPICAL GOVERNMENT HACK PREVIOUSLY SAID SUPPLY AND DEMAND IRRELEVANT, WASHINGTON COMMITTEE TAKING MACROECONOMIC APPROACH, INCREASE TRANSPARENCY WITH OVERSIGHT OF THE SO-CALLED DARK MARKETS, OTC/ENRON LOOPHOLE, BUT SHOWS HE HASN’T A CLUE WHEN HE DISCUSSES THE $5 SPIKE IN OIL WITHOUT DISCUSSING THE WORTHLESS WEIMAR HYPERINFLATIONARY DOLLAR (THEY’RE PRINTING AND SPENDING THEM LIKE MAD) . ] YAHOO… Unless you were long oil futures, there was nothing pretty about Friday's session, which was governed by a relatively disappointing employment report for May and a stunning rise in oil prices. According to the Bureau of Labor Statistics, nonfarm payrolls declined by 49,000 positions in May, hourly earnings rose 0.3% and the average workweek held steady at 33.7 hours. These numbers, however, weren't the problem for the market. An unemployment rate that jumped to 5.5% from 5.0% was. Careful examination of the data revealed that the jump in the unemployment rate was not a reflection of lower employment levels (or an indication that the nonfarm payroll data are misleading). It was due either to a large number of people re-entering the labor force and being counted as unemployed, or to a one-month aberrant swing in the data. Our bet would be on a combination of the two. Notwithstanding this interpretation, the jump in the jobless rate is certain to weigh on consumer sentiment and the stock market didn't like the thought of that as it relates to consumer spending behavior. That consideration got Friday's trade started on a negative note, but it wasn't long before the employment report took a backseat to oil prices and another unsettling outing by the financial sector. Crude futures set records on two fronts today. First, the $10.75 increase in prices marked the largest, single-day price gain ever, eclipsing the prior record which stood for all of 24 hours. Secondly, oil prices closed at a new record high of $138.54 per barrel, eclipsing the prior record of $133.17 reached May 21. The spike in prices was a response to a dollar that weakened following the employment report, saber-rattling in Israel toward Iran, and a view from Morgan Stanley that oil prices could hit $150 -- by July 4! In the face of this oil price spike, equity investors found little incentive to step up and buy on the weakness. The energy sector spent a good bit of its time in positive territory today, but even it succumbed to selling pressure late in the session that culminated in all ten economic sectors recording a loss and the S&P 500 falling 3.1%. Hard hit were oil-sensitive groups, such as the transports and the retailers. There just wasn't any leadership. For some perspective, the energy sector, which declined 1.6%, was the best-performing sector today. All other sectors dropped at least 2.0%, yet none fell more than the financial sector, which declined 5.0%. Weakness in the financials was driven by a Wall Street Journal report that the SEC is investigating Dow component AIG (AIG 33.93, -2.48) for its swaps accounting and growing concerns about rising consumer loan defaults that hit the bank stocks extra hard. The retreat in the equity market and the jump in the unemployment rate drove a healthy bid at the back end of the Treasury yield curve. The yield on the benchmark 10-year note, which hit 4.04% Thursday, closed the week at 3.93%. The S&P 500 was up 0.3% for the week entering Friday's session, but with the drubbing on Friday, it ended the week down 2.8%.DJ30 -394.64 NASDAQ -75.38 NQ100 -3.2% R2K -3.0% SP400 -2.6% SP500 -43.37 NASDAQ Dec/Adv/Vol 2343/548/2.20 bln NYSE Dec/Adv/Vol 2584/562/1.44 bln … Business Highlights (AP) … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-5-08) (DOW +213, NASDAQ +46, S&P +26 [ridiculous!] ) [CLOSE- OIL $127.79 (NEW TRADING HIGH REMAINS AT $135.09) GAS $3.98 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.35 REG./ $4.54 MID-GRADE/ $4.69 PREM./ $5.15 DIESEL)/ GOLD $879.10/ SILVER $17.15/ PLATINUM $2019/ DOLLAR= .64 EURO, 105 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.05% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, IE., UNEMPLOYMENT CLAIMS DOWN UNEXPECTEDLY 18,000 TO STILL HIGH 357,000, ETC., REMAIN WITH HOME EQUITY AT LOWEST LEVELS SINCE WW2, DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYING BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET/ADMIN. WITH ALLEGED, UNEXPECTED INCREASE IN PRIVATE SECTOR JOBS, NET WORTH/WEALTH IN U.S. DOWN 11% ACROSS THE BOARD, DOLLAR DOWN AS EUROPE RATIONALLY CONFRONTS INFLATION AND HINTS AT RATE INCREASES, OIL UP SHARPLY, BIG DISCOUNTERS’ GAINS HARDLY MAKE FOR A POSITIVE RETAIL CLIMATE WITH SHOPPING LEVELS DOWN 12-16%, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT). ON FRANK MOTTEK’S BUSINESS HOUR ONE ANALYST SAYS WHO WOULD HAVE THUNK IT AS OIL SPIKES AND STOCKS RALLY, AND FOCUSES ON THE OUTPERFORMING MID-CAPS AND FOREIGN MARKETS. A RESEARCH ANALYST FOR THE MORTGAGE BANKERS ASSOCIATION CITES RECORD FORECLOSURES (FORECLOSED, STARTED, DEFAULT, DELINQUENT) WITH CALIFORNIA THE FORECLOSURE LEADER ALONG WITH FLORIDA, ARIZONA, NEVADA, AND MICHIGAN AS THE WORST HIT, POINTS TO 36% RATE OF FORCLOSURE AS HOME PRICES/VALUES TUMBLE IN THE HUNDREDS OF THOUSANDS PER HOME. A GOVERNMENT HACK SAYS SUPPLY AND DEMAND IRRELEVANT, WASHINGTON COMMITTEE TAKING MACROECONOMIC APPROACH, INCREASE TRANSPARENCY WITH OVERSIGHT OF THE SO-CALLED DARK MARKETS, OTC/ENRON LOOPHOLE, BUT SHOWS HE HASN’T A CLUE WHEN HE DISCUSSES THE $5 SPIKE IN OIL WITHOUT DISCUSSING THE WORTHLESS WEIMAR HYPERINFLATIONARY DOLLAR (THEY’RE PRINTING AND SPENDING THEM LIKE MAD) . ] YAHOO… It was a big day in the stock market Thursday as a broad-based rally effort followed some pleasing same-store sales reports for May, encouraging initial claims data, and an M&A deal of size and significance in the telecom services sector. The day was not without its trials. Oil prices spiked more than $5.00 to $127.79 per barrel, the 10-year note yield rose above 4.00%, and Standard & Poor's lowered its financial strength ratings on bond insurers Ambac Financial (ABK 2.62, +0.13) and MBIA (MBI 6.04, +0.41) to 'AA' from 'AAA'. The negatives, though, barely registered as the bulls held sway over today's proceedings. Wal-Mart (WMT 59.80, +2.12) and the retailers set the tone before the open when their same-store sales reports proved to be better than expected. Wal-Mart was the headline leader in that respect, posting a 3.9% increase, excluding fuel. The company had forecast same-store sales to be flat to up 2%. For June Wal-Mart is expecting same-store sales to be up 2% to 4% due in part to an expected benefit from the spending of stimulus checks. Wal-Mart's forecast set an optimistic mood for the market that was enhanced when the Department of Labor reported initial claims fell 18,000 in the week ended May 31 to 357,000. The latter was well below the consensus estimate of 375,000 and was certainly not a recession-like level of claims, which would typically be above 400,000. All ten economic sectors participated in today's gains. The materials sector, which surged 3.4% after steel maker Nucor (NUE 80.54, +6.40) raised its second quarter guidance, led the way. It was followed by telecom services, which jumped 2.9% on the report that Verizon (VZ 38.96, +1.98) agreed to acquire Alltel for a total consideration of $28.1 billion. The acquisition will enable Verizon to supplant AT&T (T 39.46, +0.96) as the nation's largest mobile phone operator. The indices did hit a small air pocket in afternoon trading when oil prices accelerated to the upside on the dollar's weakness and technical buying interest. Strikingly, oil touched $121.61 at its low today before closing NYMEX trading at $127.79 per barrel, up 4.5%. At the same time oil prices were surging in the afternoon trade, Standard & Poor's announced it was cutting its ratings on Ambac Financial and MBIA. Those stocks, and the market, suffered a knee-jerk dip, but regrouped in quick fashion on the idea that the downgrades had already been accounted for in stock prices. The market's resilience in the face of the downgrades spurred a renewed wave of buying interest that culminated with the indices closing at, or near, their best levels of the day. Presumably, the market's behavior after the downgrades was viewed by some traders as an anecdotal signal that the financial sector may be close to a bottom, or at a point at least where it is believed its long-term upside potential outweighs its near-term downside risk. Sentiment can change in a hurry these days, but clearly, the prevailing mood on Thursday was a positive one. The next test of sentiment comes Friday with the release of the May employment report. DJ30 +213.97 NASDAQ +46.80 NQ100 +1.7% R2K +2.6% SP400 +2.3% SP500 +26.85 NASDAQ Dec/Adv/Vol 745/2141/2.24 bln NYSE Dec/Adv/Vol 669/2464/1.31 bln … Business Highlights (AP) … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Foreclosures hit a record high — and more coming, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-4-08) (DOW –12.37, NASDAQ +22.66, S&P –8.02) [CLOSE- OIL $122.30 (NEW TRADING HIGH REMAINS AT $135.09) GAS $3.98 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.27 REG./ $4.54 MID-GRADE/ $4.62 PREM./ $5.15 DIESEL)/ GOLD $883.80/ SILVER $16.94/ PLATINUM $1994.90/ DOLLAR= .64 EURO, 105 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.90% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, ETC., REMAIN WITH DOWNGRADES ON FINANCIALS INCLUDING AMBAC AND MBIA, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT). ON FRANK MOTTEK’S BUSINESS HOUR A FORECLOSURE TRACKER/REPORTER IN LIGHT OF THE ATTENTION TO A CELEBRITY CASE SAYS FORECLOSURES A RATHER COMMON SCENARIO AND AT RECORD LEVELS PARTICULARLY AMONG REFIES WHERE EQUITY STRIPPED FROM PROPERTY AND SPENT, AND RECENT PURCHASES, IE, 2005, (BUT RANGE WIDER 2002-2007). A REAL ESTATE ANALYST SAYS IMPACTED AREAS SUFFERING 17-20% DECLINES IN VALUE WITH DECLINES NOW EXTENDING INTO PREVIOUSLY LESS HARD HIT AREAS (IE., WEST LA, ETC.), AND BEHIND THE CURVE WITH NO MORE EQUITY TO STRIP FROM HOMES WITH IN EXCESS OF $800 BILLIION TAKEN OUT OF HOMES AND GONE. AN OIL ANALYST CITES FALTERING ECONOMY/WEAKER DEMAND AND PARTICULARLY THE WEAK DOLLAR AS PRIMARY CAUSE OF RESPITE/PAUSE FROM HIGHER OIL AND DOESN’T BELIEVE SCRUTINY HAD ANY EFFECT AND STRONG WORLDWIDE DEMAND, DECREASED SUPPLIES, AND WEAK DOLLAR WILL PROVIDE UPWARD PRESSURE GOING FORWARD. SENIOR LAW PRACTITIONER RECOMMENDS LONG-TERM HEALTH CARE INSURANCE BEFORE PROBLEMS, TRY NOT TO STRIP EQUITY/BORROW BUT FOCUS ON MEDICAL/MEDICARE/MEDICAID IN ABSENCE OF COVERAGE. MORTGAGE INSURANCE EXPERT SAYS VALIDATION WILL BE SEPERATED FROM SALES OF MORTGAGES IN FUTURE. SHORTSIGHTED/BELIEVE THE GOVERNMENT IN ELECTION YEARS ECONOMIST SAYS ACCEPT THE (FAKE) NUMBERS AND INFLATION WILL BE LOWER OVER TIME (BUT FORGOT TO SAY IN THE LONG RUN WE’LL ALL BE DEAD…RIIIIIGHT!) . ] YAHOO… The stock market traded in a volatile manner Wednesday, with the S&P 500 trading in a wide range, from up 0.8% at its peak to down 0.4% at its trough. The stock market eventually settled on the unchanged mark as strength in tech offset weakness in financial and energy. The financial sector (-0.8%) posted a solid gain of 1.1% in early trade, but tumbled on word that Moody's put bond insurers Ambac (ABK 2.50, -0.50) and MBIA (MBI 5.67, -1.02) on review for a possible credit rating downgrade. Both Ambac and MBIA defended their capital position, but the market took little solace in the remarks. The market dipped noticeably in midafternoon trading after the news wires ran headlines from a speech on inflation that was given by Fed Chairman Bernanke at Harvard. The chairman noted the Fed's concerns about inflation and inflation expectations. In brief, it was largely an academic discussion. If Bernanke wanted to make a real splash with inflation commentary, he would have done it in Tuesday's speech to the International Monetary Conference and not to a group of seniors (students we mean, not citizens) at Harvard. The inflation headlines were simply an excuse to apply some added selling pressure to a market that was already showing signs of weakness. The volatile day ended split down the middle, with five of the ten economic sectors posting a gain. Technology (+1.0%) provided leadership, with significant strength in large-cap names. As a result, the tech-heavy Nasdaq handily outperformed the broader market with a gain of 0.9%. The energy sector (-1.2%) posted the largest loss, as crude prices fell 1.8% to $122.04 per barrel. The weakness in crude followed the government's weekly energy report. An increase in gasoline and distillates inventories offset an unexpected decrease in crude stockpiles. Telecom (-0.8%) was also a laggard, with Verizon (VZ 36.99, -0.37) falling after CNBC reported it may buy Alltel for $27 billion. The session's three economic reports were not especially strong, but they were all better than expected. Importantly, the data are reflective of an economy that is not in a recession. Private nonfarm employment rose by 40,000 in May, according to employment services firm ADP. This came out ahead of the expected drop of 30,000. However, this report has been spotty compared to the government's jobs report, which includes both public and private nonfarm payrolls and is set for release Friday morning. First quarter nonfarm productivity was revised to a gain of 2.6% from 2.2% (consensus +2.5%). May ISM services -- a survey of nonmanufacturing purchasing managers -- was nearly unchanged at 51.7 compared to 52.0 in April. Economists forecast a reading of 51.0. Because the reading is above 50, it indicates growth in the services sector. DJ30 -12.37 NASDAQ +22.66 NQ100 +1.2% R2K +0.6% SP400 +0.3% SP500 -0.45 NASDAQ Dec/Adv/Vol 1211/1633/2.19 bln NYSE Dec/Adv/Vol 1699/1408/1.29 bln … … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-3-08) (DOW –100.97, NASDAQ –11.05, S&P –8.02) [CLOSE- OIL $124.31 (NEW TRADING HIGH REMAINS AT $135.09) GAS $3.95 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.23/ $4.57 PREM./ $5.15 DIESEL)/ GOLD $882/ SILVER $16.79/ PLATINUM $2003 / DOLLAR= .64 EURO, 105 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.90% FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, ETC., REMAIN WITH DOWNGRADES ON FINANCIALS, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT). ON FRANK MOTTEK’S BUSINESS HOUR ONE ECONOMIST/SPECULATOR/ENTERTAINER ACCURATELY EMPHASIZES THE SUBSTANTIAL ROLE OF WALL STREET GREED AND INCOMPETENCE IN THE CURRENT U.S. FINANCIAL/ECONOMIC DEBACLE, REAL QUESTION WHETHER ECONOMY CAN WITHSTAND ALL THE SHOCKS, SAYS BIG 3 AUTO MAKERS IN A LOT OF TROUBLE AND ARE HEMORAGING CASH AND THERE IS QUESTION OF SURVIVAL, CONFIDENCE AT 28 YR. LOWS, DOLLAR ENDLESSLY LOWER OVER THE LONG TERM OWING TO SUBSTANTIAL DEFICIT. SHREVE OF INVESTORS BUSINESS DAILY NOW NEGATIVE ON MARKET (YA THINK), WAS BULLISH JUST RECENTLY ENOUGH FOR BULL TRAP (OR JUST PLAIN BULL CRAP) AND CITES HEDGE FUND SPECULATORS, SUPPLY/DAMAND FACTORS (OIL RISE, ETC), LEADERSHIP TURNED NEGATIVE WHICH FED MINUTES CONFIRMED. AN OIL ANALYST SAYS TIGHT SUPPLY SITUATION TO CONTINUE BECAUSE WE’RE CONSUMING MUCH MORE OIL THAN WE’RE PRODUCING. ANOTHER ECONOMIST CITES INFLATION RISK AND FED’S STATED CONCERN A CHEAP WAY OF STRENTHENING DOLLAR TEMPORARILY, THAT HOUSING TO GET WORSE, HIGH ENERGY COSTS A CONTINUING PROBLEM, AND THAT THE ECONOMY IS IN SEVERE TROUBLE. ] YAHOO… The stock market traded in a volatile manner on Tuesday, with financial stocks (-0.6%) driving much of the action. The S&P 500 ended the day 0.6% lower, although it traded as high as 0.5% and down as much as 1.1%. Lehman Brothers (LEH 30.81, -3.02) was the underlying catalyst to the session's swings. The investment bank was in focus in the early-going after The Wall Street Journal reported the company may raise billions of dollars of additional capital, citing sources familiar with the situation. The market shrugged off this news during early trade, with an unexpected increase in May factory orders acting as a buying catalyst. The 1.1% increase in factory orders (consensus -0.1%) indicate second quarter GDP may rise more than what is currently forecast. Sentiment then soured, as Lehman Brothers, and the market, sharply sold off in late afternoon trade as rumors swirled that Lehman may have borrowed emergency funds from the Fed's discount window. Lehman Brothers subsequently denied it borrowed from the Fed, according to reports. The market pared its losses on the denial, but still ended the day with a substantial decline of 0.6%. Although Lehman stole the limelight on Tuesday, there was plenty of trading action in other areas of the financial markets. Fed Chairman Ben Bernanke's remarks on the economic outlook gave support to the dollar (+0.5%). He said, "Over time, the Federal Reserve's commitment to both price stability and maximum sustainable employment and the underlying strengths of the U.S. economy... will be key factors ensuring that the dollar remains a strong and stable currency." The strengthening dollar played a role in a 1.4% decline in commodity prices and a sharp 2.7% decline in crude prices. The weakness in crude weighed on the energy sector, which was the main laggard with a decline of 1.8%. In corporate news, General Motors (GM 17.58, +0.14) rose as much as 4.2% on news that it is shutting down four North American plants that produce trucks and SUVs in response to a shift in consumer preferences on record gasoline prices. The company expects the measures will save its North American operations at a run rate over $1 billion by 2010. Some of the enthusiasm over the cost cutting measures faded after General Motors reported May North American auto sales fell 28%, compared to the expected decline of roughly 20%. In the end, nine of the ten economic sectors ended the day with a loss. Energy (-1.8%) and telecom (-1.3%) posted the largest declines. Health care (+0.3%) was the sole sector to post a gain.DJ30 -100.97 NASDAQ -11.05 NQ100 -0.5% R2K -0.3% SP400 +0.03% SP500 -8.02 NASDAQ Dec/Adv/Vol 1623/1221/2.20 bln NYSE Dec/Adv/Vol 1844/1261/1.29 bln … … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Ford readies white-collar layoffs as sales tumble While GM Shutters 4 North american Factories/Lays off Workers (Reuters), April insured mortgage defaults rise (Reuters). (6-2-08) (DOW –134.50, NASDAQ –31.13, S&P –14.71) [CLOSE- OIL $127.76 (NEW TRADING HIGH REMAINS AT $135.09) GAS $3.95 (NEW NATIONWIDE AVG. RECORD) (new record reg. gas in LAND OF FRUITS AND NUTS AT $4.20/ $4.54 PREM./ $5.15 DIESEL)/ GOLD $890.60/ SILVER $16.79/ PLATINUM $1998 / DOLLAR= .64 EURO, 104 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.96% (FOR PREVIOUS WEEK: DOW –4%, NASDAQ –3.4%, S&p –3,3%)]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, ETC., REMAIN WITH DOWNGRADES ON FINANCIALS, MANUFACTURING INDEX STILL BELOW 50 INDICATING CONTRACTION, CONSTRUCTION DOWN, INFLATION UP (THAT EQUALS STAGFLATION), AIRLINES EXPECTING $2.3 BILLION LOSS INSTEAD OF PREVIOUSLY PROJECTED PROFIT, LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ), AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT). ON FRANK MOTTEK’S BUSINESS HOUR ONE ANALYST SAYS WE’RE IN A NEWS DRIVEN MARKET (THE PROBLEM OF THAT BEYOND THE FAKE NEWS AND SPIN IS THAT THE MARKET HAS ACTUALLY RALLIED ON BAD NEWS) AND CITES DOWNGRADES OF FINANCIALS LEHMAN, MERRILL LYNCH, AND MORGAN STANLEY WITH SMALL TO MID-CAPS OUTPERFORMING LARGE CAPS, HIGH OIL PRICES, INFLATION INDICES HIGHER, MANUFACTURING INDICES LOWER. A BANKING ANALYST SAYS LONG HOT SUMMER FOR BANKS WHILE POINTING TO LOSSES AND 52 WEEK TRADING LOWS AND WHILE TALKING ABOUT SOME FUTURE TIME TO BUY ADMITS HE HOLDS NONE OF THOSE. CONSUMER EXEC. COUPONS.COM SAYS CONSUMERS MORE CAREFUL/FRUGAL/DICOUNT ORIENTED SHOPPERS. A FINANCIAL ANALYST/EXECUTIVE/ADVISER DISCUSSES WHAT HE SEES AS THE MOST WIDESPREAD CASH CRUNCH/ECONOMIC PROBLEMS HE’S SEEN AND WARNS AGAINST STRAPPED CONSUMERS INVADING 401K’S OR STRIPPING EQUITY FROM HOMES AND FOCUS ON CASH FLOWS AND CUTTING EXPENSES. FINALLY, A CORRESPONDENT REVEALS THAT SYRIA HAS INVITED WORLD ORGANIZATION TO SITE OF U.S./ISRAEL BOMBING ON IRAQLY REMINISCENT FALSE INFORMATION, WHICH SHOWS WHAT THE U.S. NERO’S DO WHILE THE NATION BURNS. ] YAHOO… The stock market kicked off June on a low note. Stocks ended Monday with sharp losses, as a management shake-up at a major bank prompted traders to take some money off the table. The major indices fell to session lows after Standard & Poor's took negative credit rating actions on several major financial firms. However, this was not the underlying catalyst to this session's decline considering that stocks recovered nearly all of their S&P induced losses by the market close. With regard to Standard & Poor's actions, the agency said its move was in response to the "prospects of continued weakness in the investment banking business and the potential for more write-offs." The agency downgraded its debt ratings on Merrill Lynch (MER 42.62, -1.30), Lehman Bros. (LEH 33.83, -2.98) and Morgan Stanley (MS 43.10, -1.13). The outlooks for JPMorgan Chase (JPM 42.15, -0.85) and Bank of America (BAC 33.58, -0.43) were lowered to negative from stable. Although the financial sector (-1.8%) managed to rebound from most of its S&P induced retreat, it did not recover its prior losses. The sector ended the session as the main laggard on speculation that management shake-ups at two banks were a sign of bad things to come. Wachovia's (WB 23.40, -0.40) board ousted its CEO, citing a series of disappointments and setbacks. On a similar note, Washington Mutual's (9.00, -0.02) CEO will no longer be the company's chairman, but will remain as CEO. The decline was not just limited to the financial sector, as weakness was broad-based with nine of the ten economic sectors ending the day lower. Seven of the sectors posted a decline of more than 1%. Tech stocks (-1.4%) -- one of the best performing sectors last week with a gain of 3.5% -- saw a substantial pullback. Meanwhile telecom (-1.2%) was under pressure as Verizon (VZ 37.86, -0.61) fell 1.6%. The energy sector stood alone in positive territory, with a modest 0.1% advance as crude prices gained 0.3% to $127.70 per barrel. This session's economic releases were slightly better than expected, but failed to incite buying interest. The May ISM Index, a national manufacturing survey, rose 2.1% to 49.6, topping the consensus estimate of 48.5. The index suggests a slight contraction in United States manufacturing activity, as the number falls short of 50. Separately, April construction spending fell 0.4% month-over-month, which is modestly better than the expected decline of 0.6%. March construction spending was revised higher to a decline of 0.6% from a decline of 1.1%. DJ30 -134.50 NASDAQ -31.13 NQ100 -1.3% R2K -1.0% SP400 -0.8% SP500 -14.71 NASDAQ Dec/Adv/Vol 2034/880/1.97 bln NYSE Dec/Adv/Vol 2138/968/1.15 bln… … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Ford readies white-collar layoffs as sales tumble (Reuters), April insured mortgage defaults rise (Reuters). (5-30-08) (DOW -8, NASDAQ +14, S&P +2) [CLOSE- OIL $127.35 (NEW TRADING HIGH REMAINS AT $135.09) GAS $3.95 (NEW NATIONWIDE AVG. RECORD)/ GOLD $891.53/ SILVER $16.87/ PLATINUM $2006 / DOLLAR= .64 EURO, 105 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.05% (FOR PREVIOUS WEEK: DOW –4%, NASDAQ –3.4%, S&p –3,3%)]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, ETC., REMAIN WITH LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON THE BETTER THAN EXPECTED FAKE DATA ALONG WITH PLAIN BAD NEWS AS CONSUMER CONFIDENCE READING AT 28 YEAR LOW, CONSUMER SPENDING FLAT ADJUSTED FOR INFLATION, INFLATION EXPECTATIONS AT RECORD HIGHS WHILE 55% BELIEVE GOVERNMENT ECONOMIC POLICY IS POOR (I’M SURPRISED AT THE LOW PERCENTAGE RELATIVE TO REALITY), DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ) AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT). ] YAHOO… An active month ended on a tame note, with the stock market sticking to a very tight trading range. The S&P 500 settled with a slight gain Friday, as strength in tech stocks and reassuring economic data helped offset weakness in financial stocks. In earnings news, shares of Dell (DELL 23.06, +1.25) and Marvel Technologies (MRVL 17.36, +3.28) soared 5.7% and 23% respectively. Both companies reported earnings that easily topped expectations. Tech stocks (+0.6%) outperformed on the day, helping the Nasdaq post a gain of 0.6%, compared to the S&P 500's advance of 0.2%. Retailing stocks received added attention following earnings results from Tiffany & Co (TIF 49.03, +1.29) and J. Crew (JCG 37.27, -9.64). Tiffany provided an upside surprise on robust European and Asia Pacific (excluding Japan) demand. J. Crew provided an ugly full year outlook, which prompted a 21% decline in its stock. Six of the ten economic sectors posted a gain, led by tech (+0.6%), energy (+0.7%) and materials (+0.7%). Financials (-0.7%) and consumer discretionary (-0.4%) posted the largest losses. In economic news, April personal consumption expenditures, at 0.2% growth, were flat when adjusted for inflation. This reflects sluggish, but not declining, consumer spending. Briefing.com expects that personal consumption expenditures will increase at an annual rate of 1.5% in May and June as the fiscal stimulus kicks in. Personal income was flat when adjusted for inflation, although the results were modestly better than expected… … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Ford readies white-collar layoffs as sales tumble (Reuters), April insured mortgage defaults rise (Reuters). (5-29-08) (DOW +52.19, NASDAQ +21.62, S&P +7.42) [CLOSE- OIL $126.62 (NEW TRADING HIGH REMAINS AT $135.09) GAS $3.95 (NEW NATIONWIDE AVG. RECORD)/ GOLD $881.70/ SILVER $16.62/ PLATINUM $1999 / DOLLAR= .64 EURO, 105 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.01% (FOR PREVIOUS WEEK: DOW –4%, NASDAQ –3.4%, S&p –3,3%)]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, ETC., REMAIN WITH LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON DROP IN OIL INVENTORIES (OIL DROPS) AND FAKE GOV’T REPORT REVISING FIRST QUARTER GROWTH TO .9% (SUUUUURE… YOU THINK THE ‘WHAT HAPPENED’ REVELATIONS, SUBSTANTIVELY REPORTED ON THIS WEBSITE LONG AGO (PRE-WAR), HAD SOMETHING TO DO WITH THE FUDGING ) AND THINGS ARE NOT AS BAD AS THEY REALLY ARE … GREAT … RIIIIIGHT). ] YAHOO… The stock market posted a solid gain Thursday, its third consecutive advance. Market participants were encouraged by an upward revision to the first quarter economic growth rate and a sharp drop in crude prices. Crude oil ended the session down 3.5% at $126.40 per barrel after a volatile trading session. In morning trade, crude spiked to a 1.9% gain after the government reported the largest weekly drop in crude inventory levels since 2004. Prices soon reversed, however, on demand concerns and recognition that the plummet in inventory levels was caused by delivery issues and is only temporary. The Dollar Index advanced 0.7% which also weighed on crude prices, as well as commodities as a whole (-2.4%). Precious metals (-3.9%) took a notable hit, with gold falling 2.6% and silver falling 5.2%. The declines in oil and commodities weighed on the energy (-2.0%) and material (-1.3%) sectors, which were the only sectors to finish the day with a loss. The rest of the stock market fared well, as the drop in crude and commodity prices helped ease inflation fears. Financials posted a solid 1.6% gain in a bit of a rebound trade following its more than 6% drop last week. MasterCard (MA 309.00, +22.11), which is not included in the S&P 500, rose to a new lifetime high after the company forecast long-term net income growth of between 20% and 30% … U.S. Economy: The Worst is Yet to Come , U.S. Bank Failures Loom , New reports give bleak outlook on housing, economy, Ford readies white-collar layoffs as sales tumble (Reuters), April insured mortgage defaults rise (Reuters). (5-28-08) (DOW +45, NASDAQ +5, S&P +5) [CLOSE- OIL $131.08 (NEW TRADING HIGH REMAINS AT $135.09) GAS $3.92 (NEW NATIONWIDE AVG. RECORD)/ GOLD $898/ SILVER $17.41/ PLATINUM $2045 / DOLLAR= .64 EURO, 104 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 4.01% (FOR PREVIOUS WEEK: DOW –4%, NASDAQ –3.4%, S&p –3,3%)]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, ETC., REMAIN WITH LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON HIGHER OIL PRICES AND EXPERT PREDICTION OF $150 OIL AND DOWN DURABLE GOODS REPORT (SUUUUURE) NOT AS BAD AS EXPECTED… GREAT … RIIIIIGHT). ] YAHOO… Positive financial results from select retailers and lower oil prices prompted buyers to enter the market in the early going. However, oil bounced back and sent the stock market into the red for the majority of the session, but a late surge in buying helped the S&P 500 close at its session high. Chico's FAS (CHS 8.14, +0.97) and American Eagle Outfitters (AEO 18.61, +1.39) announced this morning earnings results that surpassed analysts’ estimates for the most recent quarter. Polo Ralph Lauren (RL 69.00, +7.25) also reported pleasing quarterly results, which helped the apparel and accessories industry advance more than 4.0% on the session. Oil slipped below $126 per barrel in electronic trading earlier this morning, but ended its trading session on the Nymex $2.03 higher at $130.88 per barrel. In turn, the advance helped offset yesterday's declines. Oil has not closed lower for two consecutive sessions since early May. The Dow Jones Transportation Average was unfazed by oil’s rebound. The index advanced nearly 1.0% Wednesday, helped by component United Parcel Service (UPS 70.54, +2.14). Reports indicated the global delivery and shipment company may see its sales climb if it can complete a deal to provide services for competitor DHL Express. Shares of UPS were also upgraded to Buy from Hold at Merrill Lynch. Of the major economic sectors, materials (+2.8%) made the largest advance of the session. The sector was helped by fertilizer and agricultural chemical company Monsanto (MON 125.19, +6.12). Despite the session’s choppy trading, market participants shunned U.S. Treasuries….. … Single-family home prices tumble in March, GM, Ford stock extend slide on dimming outlook, New reports give bleak outlook on housing, economy . (5-27-08) (DOW +68, NASDAQ +36, S&P +9) [CLOSE- OIL $128.85 (NEW TRADING HIGH REMAINS AT $135.09) GAS $3.88 (NEW NATIONWIDE AVG. RECORD)/ GOLD $907.90/ SILVER $17.46/ PLATINUM $2128 / DOLLAR= .63 EURO, 104 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.92% (FOR PREVIOUS WEEK: DOW –4%, NASDAQ –3.4%, S&p –3,3%)]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, ETC., REMAIN WITH LARGEST PRICE DECLINES FOR REAL ESTATE OF RECORD –14.4% (-22% IN THE LAND OF FRUITS AND NUTS) ACCORDING TO CASE-SHILLER INDEX, CONSUMER CONFIDENCE AT LOWEST LEVEL IN 16 YEARS, BUT BAD NEWS BULLS RALLY STOCKS ON INCREASED HOME SALES OF 3.3% THOUGH STILL AT RECORD LOW LEVELS (AND BASED ON FORECLOSURE SALES … GREAT … RIIIIIGHT). ] YAHOO… A drop in crude prices lent support to Tuesday’s buying interest. In turn, market participants lifted the major indices during afternoon trading to finish near their best levels of the session. Tech showed particular strength, helping the Nasdaq (+1.5%) outperform its counterparts. Oil closed noticeably lower, partly due to renewed strength in the dollar. Crude finished $4.71 lower at $128.48 per barrel on the New York Mercantile Exchange. The drop in crude prices weighed on stalwarts Exxon Mobil (XOM 89.90, -0.90) and Chevron (CVX 99.58, -1.15). However, oilfield services companies Schlumberger (SGP 101.03, +1.00) and Baker Hughes (BHI 87.48, +2.01) performed relatively well. Technology (+1.9%) was the session’s best performing economic sector. In particular, Apple (AAPL 186.43, +5.26) lent considerable support, helped by news it is taking its iPhone to Nordic and Baltic markets after signing an agreement with a regional telecom operator. Large-cap tech helped the Nasdaq 100 finish almost 1.9% higher. In buyout news, Blackstone Group (BX 18.91, +0.37) and Apollo Management LP are reportedly in talks to acquire chemical company Chemtura (CEM 8.49, +0.69), while South Korea's LG Electronics is taking a look at General Electric's (GE 30.40, -0.03) appliance unit, according to The Wall Street Journal. Hitachi (HIT 72.37, +2.83), however, has expressed that it has no interest in pursuing the unit, according to Reuters On the economic front, the Consumer Confidence Index for May came in at 57.2, which is down from the prior month's 62.8. … Single-family home prices tumble in March, GM, Ford stock extend slide on dimming outlook, New reports give bleak outlook on housing, economy . (5-23-08) (DOW -146, NASDAQ -20, S&P -18) [CLOSE- OIL $132.19 (NEW TRADING HIGH OVER $135) GAS $3.88 (NEW NATIONWIDE AVG. RECORD)/ GOLD $928.80/ SILVER $18.29/ PLATINUM $2176.30 / DOLLAR= .63 EURO, 103 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.92% (FOR WEEK: DOW –4%, NASDAQ –3.4%, S&p –3,3%)]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS, ETC., REMAIN WITH LARGEST QUARTERLY PRICE DECLINES FOR REAL ESTATE ON RECORD ALONG WITH INVENTORIES OF UNSOLD HOMES AT RECORD LEVELS AND FRANK MOTTEK’S BUSINESS HOUR COMMENTS/OBSERVATIONS/REPORTS INCLUDE ONE ANALYST SAYS INFLATION CONCERNS FACTUALLY BASED ON PPI, CORE RATE, OIL PRICES AND FED MINUTES, AND THAT TRANSPORTATION INDEX BEST PERFORMER DESPITE REALITY THAT SAME IS CONTRA-INDICATED IN LIGHT OF INCREASING OIL/FUEL PRICES, THAT THERE’S CONTINUED POSSIBILITY FOR RATIONALIZATION (RIIIIIGHT!) BY STOCK TRADERS, THAT AUTO SECTOR PROSPECTS DISMAL IN LIGHT OF PRESSURE/DECREASED CONSUMER SPENDING AND US AUTOS HARD PRESSED TO COMPETE WITH NON-LEGACY MANUFACTURERS, IE., TOYOTA, ETC.. AN OIL ANALYST SAYS HIGHER PRICES AT THE PUMP, SOME GLIMMER OF HOPE WITH POSSIBLE TECHNICAL TOP, THAT MORE LIKELY TO SEE $100 BEFORE $200 OIL, CITES WEAK DOLLAR AND SUPPLIES DOWN. REAL ESTATE RESEARCHER/ANALYST SAYS WEAK EXISTING HOME SALES NEAR BOTTOM WITH PRICE DECLINES –8% YEAR OVER YEAR, 11 MONTHS SUPPLY OF UNSOLD INVENTORIES WHICH ARE AT OR NEAR RECORD HIGHS AND CONTINUED DOWNWARD PRESSURE ON PRICES. ONE ECONOMIST SAYS WE’LL BE SEEING BIGGER/MOR DETRIMENTAL IMPACT FROM HIGHER OIL/GAS PRICES WHILE ANOTHER ECONOMIST SAYS NO END IN SIGHT SHORT-TERM FOR HIGHER OIL PRICES , THAT THERE SHOULD BE STAGFLATION BUT (FAKE) DATA/REPORTS NOT INDICATING SAME (REALITY IS THAT ELECTION-YEAR DATA/NUMBERS ARE FAKE/TYPICALLY FRAUDULENT. AIRLINE OBSERVER CITES ONLY SOUTHWEST AIRLINES AS ONLY AIRLINE WITH NO CHANGES TO BAG POLICY AND CHANGE FEES, WHILE REPORTER COMMENTS THERE WAS NO PLACE TO HIDE ON WALL STREET. ] YAHOO… The stock market closed 3.5% lower this week after losing 1.3% this session. Stocks declined in the face of persistently high oil prices and broad-based selling efforts ahead of the long weekend. Eight of the major economic sectors lost at least 1.0% this session. Crude oil prices rebounded from yesterday’s drop and weighed on early morning sentiment. The commodity closed $1.31 higher on the New York Mercantile Exchange, finishing the session at $132.12 per barrel. Crude has not finished lower for two consecutive sessions since the beginning of May. Investor pessimism persisted in the face of positive earnings announcements from retailers Gap (GPS 17.94, -0.35) and Aeropostale (ARO 32.67, -0.05). The pair announced after yesterday's close earnings results that surpassed the consensus earnings per share estimate. Meanwhile, department store Dillards (DDS 15.73, -0.63) reported this morning its first quarter net income slumped during the most recent quarter. Brewers (+6.4%) performed exceptionally well in the face of the session’s broad-based selling. A report from FT Alphaville indicating Belgium beverage company InBev is interested in acquiring Anheuser-Busch (BUD 56.61, +4.03) helped give the group a lift. Tech heavyweight Apple (AAPL 181.17, +4.12) helped the Nasdaq 100 (-0.3%) outperform the major indices on a relative basis. Apple had its price target elevated and was added to a buy list at a pair of Wall Street’s leading investment banks. Separately, existing home sales for April declined 1.0% month-over-month to an annualized rate of 4.89 million units, according to the National Association of Realtors. Economists were expecting April sales to decline 1.6% from the prior month’s annualized sales rate. The stock market will be closed for trading on Monday in observance of Memorial Day.DJ30 -145.99 NASDAQ -19.91 NQ100 -0.3% R2K -1.2% SP400 -1.2% SP500 -18.42 NASDAQ Dec/Adv/Vol 1944/872/1.73 bln NYSE Dec/Adv/Vol 2243/850/1.11 bln … (5-22-08) (DOW +24, NASDAQ +16, S&P +3) [CLOSE- OIL $130.81 (NEW TRADING HIGH OVER $135) GAS $3.79 (NEW NATIONWIDE AVG. RECORD)/ GOLD $918.30/ SILVER $18.02/ PLATINUM $2153 / DOLLAR= .63 EURO, 103 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.92%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS FROM DEFICITS TO WORTHLESS WEIMAR DOLLAR TO FRAUD TO FAKE GOV’T REPORTS (IE., UNEXPECTED DECREASE IN UNEMPLOYMENT CLAIMS), ETC., REMAIN] YAHOO…Stocks finished the session with a gain Thursday, reclaiming some of the losses seen in the previous two sessions. Despite some concerted selling efforts, the stock market spent most of its time in positive ground following plenty of corporate announcements. In earnings news, Computer Sciences (CSC 48.19, +1.17), Limited Brands (LTD 18.85, +0.54), Hormel (HRL 39.39, -1.59), and GameStop (GME 48.85, -1.99) all announced better-than-expected earnings results for their most recent fiscal quarters and also issued outlooks that were in-line with analysts’ forecasts. Despite this, their shares traded in mixed fashion. Shares of Ford Motor Company (F 7.16, -0.64) were shunned after the company announced plans to trim production of larger vehicles to focus on smaller models that match consumer preferences. Notably, Ford also trimmed its profit outlook. In the financial sector, Swiss bank UBS (UBS 29.61, +0.27) will raise roughly $15 billion through a rights offering to its existing shareholders. The offering comes at a discount of about 31% to yesterday’s closing price. Shares traded higher on the news, helping lend support to the financial sector (+0.9%). The financial sector closed higher after posting losses in each of the last four sessions. In merger news, NRG Energy (NRG 40.35, -2.16) has made a bid to acquire fellow utility Calpine (CPN 23.00, +1.72) in an all-stock merger, which values Calpine at $22.70 per share. Shares of Calpine traded higher to reflect the offer. Crude oil prices took a breather after passing $135.00 per barrel in electronic trading, which marked another new record. Despite the run up, oil finished $2.43 lower at $130.74 per barrel on the New York Mercantile Exchange. The benchmark 10-year Treasury Note fell out of favor Thursday, lifting its yield to 3.94% at one point, which is just a few basis points shy of the four-month high hit last week. The 10-year Treasury yield is still well below those seen one year ago. On the economic front, initial jobless claims for the week ending May 17 fell by 9,000 to 365,000, which is below the 373,000 economists projected. The four-week moving average rose slightly to 372,250, but is essentially flat from previous averages.DJ30 +24.43 NASDAQ +16.31 SP500 +3.64 NASDAQ Dec/Adv/Vol 1140/1721/1.93 bln NYSE Dec/Adv/Vol 1395/1713/1.21 bln … (5-21-08) (DOW –227.49, NASDAQ –43.99, S&P –22.69) [CLOSE- OIL $133.17 (NEW RECORD AND NEW TRADING HIGH OVER $134) GAS $3.79 (NEW NATIONWIDE AVG. RECORD)/ GOLD $928.60/ SILVER $18.05/ PLATINUM $2221 / DOLLAR= .63 EURO, 102 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.81%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS FROM DEFICITS TO WORTHLESS WEIMAR DOLAR TO FRAUD TO FAKE GOV’T REPORTS, ETC., REMAIN AND MOTTEK’S BUSINESS HOUR COMMENTS INCLUDE ONE ECONOMIST/SPECULATOR/ENTERTAINER WHO SAYS LONG RANGE OIL/GAS MUCH HIGHER, SPECULATIVE BUBBLE BUT BUBBLES CAN LAST A LONG TIME, APPROPRIATELY UPSET WITH TAXPAYER FUNDED/GOV. CONTRACTS/CHINA DEALS VIA HUSBAND/INCOMPETENT/BUREAUCRAT FEINSTEIN WHO HAS IT ALL WRONG (YA THINK?), ECONOMIC SCENARIO NOT CONTROLLABLE BY U.S., EXCESS LIQUIDITY BY FED (PRINTING WORTHLESS WEIMAR DOLLARS LIKE MAD, ETC.) AND NEXT FEW MONTHS WILL PROVIDE DISMAL INFLATION NEWS. ANOTHER ECONOMIST SAYS INFLATION BIG CONCERN, FED HAS DONE MORE HARM THAN GOOD, PRICES UP FOR OIL, FOOD, HEALTH CARE, GAS, ETC., AND DISCRETIONARY SPENDING DOWN WITH HIGH OIL PRICES DRIVEN BY FALLING DOLLAR/LOST PURCHASING POWER/HEDGE FUND DEMAND, WITH CONSEQUENT HARMFUL EFFECTS ON ECONOMY. AN OIL ANALYST CITES WEAK DOLLAR/INVENTORIES FALLING MORE THAN EXPECTED 5.4 MILLION BARRELS, GOLDMAN PREDICTS $200/BARREL OIL, PICKENS SAYS $150/B.. AN ANALYST SAYS OMINOUS SCENARIO WITH DOW TESTING 12,000 LEVEL. MEANWHILE, FED MINUTES INDICATE ELEVATED INFLATION AND UNEMPLOYMENT CONCERNS, LOWERS GROWTH FORECAST AND SIGNALS END TO RATE CUTS. ] YAHOO… On Wednesday, the stock market posted a steep loss for the second straight session. A lowered economic outlook at the Fed and a spike in crude prices weighed on sentiment. The FOMC released the minutes from its April 30 meeting around 2:00 ET, which sent stocks tumbling. The Fed noted its decision to cut rates by 25 basis points was a "close call" given the current inflation risks. The Fed expects 2008 real GDP growth of between 0.3% and 1.2%, which is down about 1% from their previous forecast. The 2008 inflation outlook was increased, as was the unemployment rate forecast. Several FOMC members said that it was unlikely that it would be appropriate to ease monetary policy in the near term, even if the economy sees a contraction given the current inflation environment. The release of the minutes spurred the majority of Wednesday's selling interest, with the S&P 500 going from a 0.3% loss to a 1.6% decline on the release. However, market sentiment was already on shaky ground prior to the release, as buyers were showing hesitation in the face of record high crude prices. The Energy Information Administration announced a substantial and unexpected decrease in crude inventories. Analysts were forecasting a modest build in stockpiles. Crude rallied on the news, gaining 3.75% to $133.82 per barrel, marking a new all-time high. On a related note, the Amex Airline Index plunged 12% to its lowest level since its 1994 inception. AMR Corp (AMR 6.22, -1.98), which operates American Airlines, spurred the decline after announcing a plan to cut its 2008 domestic capacity by 11% to 12%. The struggling airline also said it is going to start charging $15 for each checked bag. The company said the airline industry is not built to withstand oil prices at $125 per barrel, especially when the economy is weak. This session's spike in crude prices compounded selling interest in airline stocks. Weakness was not limited to just oil sensitive stocks, with 89% of S&P 500 components posting a loss, and all ten of the economic sectors settling in negative territory. Financials (-2.6%) and materials (-3.1%) had the steepest declines, while defensive-oriented utilities (-0.1%) and health care (-0.6%) outperformed on a relative basis. On a brighter note, Time Warner (TWX 16.24, +0.09) and Time Warner Cable (TWC 31.27, +1.05) posted decent gains on news that the two companies have agreed to completely separate. The deal will involve a special dividend of $10.9 billion, with $9.25 billion going to Time Warner. The Dow Jones has fallen 3.3% during the last two sessions, its largest two-day drop since the Bear Stearns (BSC 9.35, -0.26) bailout. However, it is still up 8.3% from its March 17 low.DJ30 -227.49 NASDAQ -43.99 NQ100 -2.2% R2K -1.2% SP400 -1.5% SP500 -22.69 NASDAQ Dec/Adv/Vol 1991/878/2.21 bln NYSE Dec/Adv/Vol 2208/910/1.39 bln … (5-20-08) (DOW -199, NASDAQ -24, S&P -13) [CLOSE- OIL $129.07 (NEW RECORD) GAS $3.79 (NEW NATIONWIDE AVG. RECORD)/ GOLD $920.20/ SILVER $17.73/ PLATINUM $2162 / DOLLAR= .63 EURO, 103 YEN, .50 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.78%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT ALL THE PROBLEMS FROM DEFICITS TO WORTHLESS WEIMAR DOLAR TO FRAUD TO FAKE GOV’T REPORTS, ETC., REMAIN]… On Tuesday, the stock market posted a substantial loss, with market participants concerned that the stock market's rally from its March lows may have been overdone. The S&P 500 settled the day with a 0.9% loss, with seven of the ten economic sectors in negative territory. Prompting traders to take some money off the table was bearish news on financial stocks, a major retailer's earnings report, and a higher-than-expected core inflation reading. Crude prices set another record high, which did not help matters either.The financial sector -- which comprises 16.5% of the S&P 500 -- acted as the biggest drag with a 2.2% loss. Oppenheimer analyst Meredith Whitney believes the credit crisis will extend well into 2009, and may go on even longer. Whitney's calls typically move the market, as she has correctly predicted several aspects of the credit crisis, including the Citigroup (C 22.11, -0.88) dividend cut. Meanwhile, Goldman Sachs (GS 182.43, -1.97) and Morgan Stanley (MS 44.80, -1.40) had their second quarter earnings estimates cut at Lehman Brothers. AIG (AIG 38.12, -0.83) was also under selling pressure after the company said it will raise a total of $20 billion, up from its previous plan to raise $12.5 billion, according to reports.The S&P 500 Retailing Index had a 2.0% decline, which weighed on the consumer discretionary sector (-1.6%). Home Depot (HD 27.37, -1.50) was the worst performing name with a decline of 5.2%. Traders were disappointed with the home improvement retailer's 66% drop in net income -- although the results were good enough to top Wall Street's low expectations. Meanwhile, AutoZone (AZO 126.99, -0.81) and Target (TGT 54.29, -0.69) reported earnings that beat estimates, while Staples (SPLS 23.61, +0.04) met expectations. A mixed inflation reading also weighed on the broader market. The April Producer Price Index rose 0.2%, while core-PPI, which excludes food and energy costs, rose 0.4%. Economists expected the opposite, forecasting a 0.4% rise in PPI and a 0.2% rise in core-PPI. The difference in total PPI and core-PPI is largely due to a 0.2% drop in energy costs on a seasonally adjusted basis. On a nonadjusted basis, energy prices are up 2.9%.There were some pockets of strength. The energy sector (+0.8%) climbed to a lifetime high, as crude oil shattered another intraday high, hitting $129.60 per barrel, before settling with a gain of 1.6% at $129.07 per barrel. A 0.87% drop in the Dollar Index helped lift crude, and the Commodity Index (+1.0%) as a whole.Despite the retreat, the stock market is still up 12.4% from its March 17 low.DJ30 -199.48 NASDAQ -23.83 NQ100 -0.8% R2K -0.4% SP400 -0.2% SP500 -13.23 NASDAQ Dec/Adv/Vol 1733/1133/2.01 bln NYSE Dec/Adv/Vol 2032/1104/1.24 bln … (5-19-08) (DOW +41, NASDAQ -12, S&P +1) [CLOSE- OIL $127.05 (NEW RECORD) GAS $3.79 (NEW NATIONWIDE AVG. RECORD)/ GOLD $905.80/ SILVER $17.03/ PLATINUM $2151 / DOLLAR= .64 EURO, 104 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.83%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT THE SO-CALLED EVEN IF BELIEVED (I DON’T) .1% UPWARD BLIP IN LEADING INDICATORS IS THE CONSEQUENCE OF COMPONENT STOCK PRICES (RIIIIIGHT) AND THEN SEPARATELY THERE’S THE INCREASED REAL ESTATE (FORECLOSURE) SALES, AND NEW RECORD HIGH OIL PRICES WHICH RALLIES STOCKS]… On Monday, the stock market rose as much as 1%, but ended the day nearly unchanged following a late-day sell-off. Some negative news out of the tech sector prompted traders to lock in some profits following the S&P 500's strong 2.7% gain in the prior week. At a JPMorgan tech conference, flash memory maker SanDisk (SNDK 30.02, -2.42) noted it continues to see soft U.S. retail sales, similar to levels it saw in the first quarter. This caused a notable drop in SanDisk's stock, as well as the tech sector (-0.5%), which ended the session as a laggard…In earnings news, home improvement retailer Lowe's (LOW 24.25, -0.64) reported better-than-expected first quarter earnings, but its revenue fell short of estimates and the company lowered its full year outlook. Competitor Home Depot (HD 28.87, -0.23) -- which reports earnings tomorrow -- fell in conjunction with Lowe's. Separately, shares of Campbell Soup (CPB 33.70, -2.25) posted a hefty 6.3% decline -- the largest in more than eight years -- after the company missed its earnings estimate.Five of the ten economic sectors posted a loss, led by weakness in financials (-0.5%) and tech. Goldman Sachs (GS 184.40, -2.74), Morgan Stanley (MS 46.20, -1.01) and Lehman Brothers (LEH 42.79, -0.85) were laggards after having their second quarter earnings estimates cut at Citigroup. Meanwhile, the energy sector (+1.0%) provided leadership as crude prices advanced … (5-16-08) (DOW -5, NASDAQ -4, S&P +1) [CLOSE- OIL $126.29 (NEW RECORD) GAS $3.73 (NEW NATIONWIDE AVG. RECORD)/ GOLD $901/ SILVER $16.96/ PLATINUM $2126 / DOLLAR= .64 EURO, 104 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.82%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE THE YAHOO MAINSTREAM FLUFF, IT IS NOTEWORTHY THAT THE LUNATIC FRAUDS ON WALL STREET ARE AGAIN QUITE RIDICULOUS WHERE WORSE THAN EXPECTED/BAD NEWS/DATA RALLIES STOCKS INCLUDING NEW RECORD HIGH OIL PRICES, DOLLAR DOWN, TREASURIES DOWN, COMMODITIES UP, CONSUMER SENTIMENT DOWN TO WORST LEVELS IN 26 YEARS)]… The Dollar Index fell to its lowest point in more than one week, helping to inflate commodity prices. Notably, the CRB Commodity Index advanced more than 1.0%. Gold also had a strong showing -- closing $20.50 higher at just over $900 per ounce. Crude hit a fresh all time record high of $127.82 per barrel before closing at $126.30 on the New York Mercantile Exchange. Oil is up almost 35% year-to-date. Oil's rise lent support to the energy sector (+2.5%), where mega-cap Exxon Mobil (XOM 92.67, +1.37) provided leadership. Shares of ConocoPhillips (COP 91.98, +2.67) and Chevron (CVX 100.38, +1.89) also lent support to the sector. The financial sector (-1.4%) lagged its counterparts for virtually the entire session. Citigroup (C 23.12, -0.61) weighed the most on the sector, though regional banks (-3.3%) were the sector's worst performing industry… (5-15-08) (DOW +94, NASDAQ +37, S&P +14) [CLOSE- OIL $124.13 GAS $3.73 (NEW NATIONWIDE AVG. RECORD)/ GOLD $880/ SILVER $16.68/ PLATINUM $2073 / DOLLAR= .64 EURO, 104 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.82%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: [BEFORE I GET INTO THE YAHOO MAINSTREAM FLUFF, LET ME EMPHASIZE THAT THE LUNATIC FRAUDS ON WALL STREET ARE ONCE AGAIN GETTING QUITE RIDICULOUS WHERE WORSE THAN EXPECTED NEWS/DATA RALLIES STOCKS AS INDUSTRIAL PRODUCTION/MANUFACTURING DOWN, UNEMPLOYMENT CLAIMS UP, AND ANALYST SAYS A REALITY CHECK IS IN ORDER (SINGLING OUT THE STIMULATIVE EFFECT IN THE ALICE-IN-WONDERLAND FRAUDULENT WORLD OF WALL STREET OF THE CONTRA-INDICATED PROXY FIGHT BY KNOW-NOTHING GREENMAILER ICAHN IN FAVOR OF MONOPOLIST MICROSOFT WHICH CAN’T EVEN DO EMAIL RIGHT VIS-À-VIS YAHOO)] …A BATCH OF ECONOMIC NEWS PROMPTED LITTLE REACTION AMONG STOCK TRADERS IN THE EARLY GOING. LEADING THE LIST WERE JOBLESS CLAIMS DATA FOR THE WEEK ENDING MAY 10, WHICH TOTALED 371,000…INDUSTRIAL PRODUCTION FOR APRIL SLIPPED 0.7%, WHICH WAS A MORE SUBSTANTIAL DOWNTURN THAN THE 0.3% DOWNTURN THAT WAS EXPECTED. CAPACITY UTILIZATION FOR APRIL TOTALED 79.7%, WHICH IS BELOW THE CONSENSUS UTILIZATION RATE FORECAST OF 80.1%. THE PRIOR MONTH'S CAPACITY UTILIZATION READING WAS REVISED MARGINALLY LOWER TO 80.4%. THE EMPIRE STATE MANUFACTURING INDEX FOR MAY CAME IN AT -3.2, WHICH IS BELOW THE FLAT READING ECONOMISTS EXPECTED. MEANWHILE, THE PHILADELPHIA FED SURVEY, ANOTHER REGIONAL MANUFACTURING INDEX, POSTED A READING OF -15.6 FOR MAY. A READING OF -19.0 WAS EXPECTED. NOTABLY, THE PRIOR MONTH'S READING WAS UNREVISED AT -24.9…    (5-14-08) (DOW +66.20, NASDAQ +1.58, S&P +5.62) [CLOSE- OIL $124.22 GAS $3.73 (NEW NATIONWIDE AVG. RECORD)/ GOLD $866.51/ SILVER $16.61/ PLATINUM $2039.30/ DOLLAR= .64 EURO, 104 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.90%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: TAMER-THAN-EXPECTED (FAKE GOVERNMENT REPORT ON) INFLATION READING … APRIL CONSUMER PRICE INDEX (CPI) ROSE 0.2%, WHILE CORE CPI, WHICH EXCLUDES FOOD AND ENERGY, ROSE 0.1%. ECONOMISTS EXPECTED A HIGHER INCREASE IN PRICES, PEGGING A 0.3% INCREASE IN CPI AND A 0.2% INCREASE IN CORE CPI. COMPARED TO LAST YEAR, TOTAL CPI IS UP 3.9% AND CORE CPI UP 2.3%. THIS MATCHES THE FED'S VIEW THAT INFLATION SHOULD MODERATE, AND IS A POSITIVE REPORT FOR THE STOCK MARKET…/ FORECLOSURES ROSE 65% YEAR-OVER-YEAR…ANOTHER AIRLINE SHUTS DOWN. NOTHING TO JUSTIFY UPTICK IN STOCK PRICES AND WORST IS YET TO COME. (5-13-08) (DOW –44.13, NASDAQ +6.63, S&P -.54) [CLOSE- OIL $125.80 ($126.98 new record intra-day high) GAS $3.73 (NEW NATIONWIDE AVG. RECORD)/ GOLD $869.60/ SILVER $16.66/ PLATINUM $2042/ DOLLAR= .64 EURO, 104 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.90%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: SAN FRANCISCO FED PRESIDENT YELLEN SAID INFLATION IS ON THE HIGH SIDE… KANSAS CITY FED PRESIDENT HOENIG SAID INFLATION IS AT UNACCEPTABLE LEVELS, AND DALLAS FED PRESIDENT FISHER SAID WHEN THE ECONOMY TURNS, INFLATION MAY BE HIGHER THAN WANTED.…OPPENHEIMER BELIEVES THE OUTLOOK FOR FINANCIALS IS FAR BLEAKER THAN REFLECTED IN THE MARKET. RATING AGENCY MOODY'S SAID THAT INCURRED PORTFOLIO LOSSES AT MBIA (MBI 9.32, -0.53) AND AMBAC (ABK 4.00, -0.33) ARE NOW HIGHER THAN THE AGENCY'S PRIOR EXPECTED-CASE LOSS ESTIMATES. MOODY'S IS CONCERNED OVER THE CAPITALIZATION RATIOS OF BOND INSURERS MBIA AND AMBAC RELATIVE TO THE AAA BENCHMARK. THE NEWS SENT THE FINANCIAL SECTOR TO SESSION LOWS…WHEN INCLUDING AUTOS, RETAIL SALES FELL 0.2%, WHICH MATCHED EXPECTATIONS…/ R.E. PRICES DOWN MOST IN 26 YEARS. $4-5 GAS BY LABOR DAY, OIL HIGHER. HIGH OIL PRICES RALLY STOCKS (RIIIIIGHT). BERNANKE SAYS FINANCIAL MARKETS STRESSED (YA THINK?). (5-12-08) (DOW +130.43, NASDAQ +42.97, S&P +15.30) [CLOSE- OIL $124.23 GAS $3.66 (NEW NATIONWIDE AVG. RECORD)/ GOLD $884.30/ SILVER $17.19/ PLATINUM $2091/ DOLLAR= .64 EURO, 103 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.79%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. . YAHOO FINANCE SUMMARIZES THE ESSENCE OF THE TRADING DAY: …” STOCKS GOT OFF TO A SLUGGISH START AFTER FEDEX WARNED THAT ITS PROFIT WILL FALL SHORT OF ITS PREVIOUS ESTIMATE. ALSO WEIGHING ON STOCKS WAS NEWS THAT BOND INSURER MBIA (MBI 9.85, +0.42) LOST A WHOPPING $2.4 BILLION, OR $14.03 PER SHARE. THE NEGATIVE SENTIMENT, HOWEVER, WAS SHORT-LIVED AS SHARES OF MBIA REBOUNDED INTO POSITIVE TERRITORY SHORTLY AFTER THE OPEN AS THE COMPANY REASSURED INVESTORS IT HAS PLENTY OF LIQUIDITY. MEANWHILE, FEDEX MANAGED TO BOUNCE TO THE UNCHANGED MARK AFTER BEING DOWN AS MUCH AS 3.1%. THE REVERSAL OF THE TWO STOCKS HELPED LIFT OVERALL SENTIMENT. IN THE END, NINE OF THE TEN ECONOMIC SECTORS POSTED A GAIN..…” THERE WAS ALSO MOBILE PHONE (OLD) NEWS, HENCE, NOTHING TO JUSTIFY THE UPTICK/FRAUD/LUNACY TO KEEP THE SUCKERS SUCKED IN AND COMMISSION FRAUD ROLLING. VIX TO VXV RATIO IS GIVING A STRONG BEARISH SIGNAL   (5-9-08) (DOW -121, NASDAQ -6, S&P -9) [CLOSE- OIL $125.96 (NEW RECORD) $126.20 (new record intra-day high) GAS $3.66 (NEW NATIONWIDE AVG. RECORD)/ GOLD $884/ SILVER $16.79/ PLATINUM $2087/ DOLLAR= .64 EURO, 102 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.77%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. . ONE ECONOMIST SAYS WE’RE IN RECESSION, SEEING FOURTH CONSECUTIVE MONTHLY DECLINE IN EMPLOYMENT, HIGH GAS PRICES HAS TRANSLATED INTO MORE FUEL EFFICIENT VEHICLES SOLD, IE., MORE CARS VERSUS TRUCKS, AND FEWER MILES DRIVEN, BY NEXT YEAR INFLATION WILL BECOME GREAT CONCERN PARTICULARLY WITH REGARD TO MORE REALISTIC HEADLINE RATE WHICH INCLUDES FOOD AND ENERGY AS OPPOSED TO THE FAKED AND UNREALISTIC CORE RATE (2.5%-STILL AT HIGH END OF FED’S SO-CALLED COMFORT ZONE), SEES CONTINUED SECULAR RISE IN OIL PRICES OWING TO INCREASED DEMAND FROM, IE., INDIA, CHINA, ETC., AND SPECULATIVE FACTORS, AND CONTINUED DECLINE IN IN REAL ESTATE PRICES UNTIL INTO NEXT YEAR, AND THE DOLLAR WILL CONTINUE TO DECLINE. AN OIL ANALYST POINTS TO THE CONFLUENCE OF EVENTS FOR HIGHER OIL PRICES, THE $200 OIL PREDICTION BY GOLDMAN SACHS, U.S. OIL INVENTORIES DOWN AS U.S. EXPORTS SAME TO EUROPE/ASIA, WEAK DOLLAR AND DOWN WITH EUROPE WISELY NOT CUTTING RATES OWING TO INFLATION CONCERNS, AND CONFLICT/POTENTIAL CONFLICT VIS-A-VIS IRAN, LEBANON, VENEZUELA, NIGERIA, MIDEAST, ETC., AND SEES $138 TOP BARRING DISRUPTIVE EVENTS WHICH COULD BE ECONOMICALLY DEVESTATING. (5-8-08) (DOW +52, NASDAQ +12, S&P +5) [CLOSE- OIL $123.69 (NEW RECORD) GAS $3.66 (NEW NATIONWIDE AVG. RECORD)/ GOLD $882.10/ SILVER $16.87/ PLATINUM $2042.30/ DOLLAR= .64 EURO, 103 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.79%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. HIGH OIL PRICES RALLY STOCKS (RIIIIIGHT!) AS AFTER HOURS PRICE HITS RECORD $124.56. FAKE BETTER THAN EXPECTED UNEMPLOYMENT REPORT (WHO WOULD OF THUNK IT!) FROM GOVERNMENT (THEY LIE ABOUT EVERYTHING) AT STILL HIGH 365,000. WORTHLESS WEIMAR DOLLAR SHARPLY LOWER. ONE ANALYST SAYS NOT AS BAD AS IT LOOKS BUT STILL IN DOWN PART OF CYCLE FOR SEVERAL MORE MONTHS/QUARTERS (IN TIME FOR HAPPY DAYS AGAIN TALK BEFORE ELECTION AND THEN FOOLED AGAIN BLOWOUT THEREAFTER), SAYS PROBLEMATIC SECTORS REMAIN BUT FAVORS MULTINATIONALS/STAPLES ORIENTED COMPANIES, WEAK DOLLAR FAVORS FOREIGN MARKETS, PEOPLE BEING LAID OFF AND UNEMPLOYMENT TO RISE AS SAME LAGS ECONOMY, AND REAL ESTATE SPOTTY (RIIIIIGHT!). OIL ANALYST SAYS DISTILLATE INVENTORIES/SUPPLIES FELL WHEN ORDINARILY RISING THIS TIME OF THE YEAR AND DIESEL MIGHT HIT $5.00. (5-7-08) (DOW –206.48, NASDAQ –44.82, S&P –25.69) [CLOSE- OIL $123.53 (NEW RECORD) GAS $3.66 (NEW NATIONWIDE AVG. RECORD)/ GOLD $871.20/ SILVER $16.70/ PLATINUM $1969/ DOLLAR= .64 EURO, 104 YEN, .51 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.84%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. ISRAEL STILL TRYING TO MAKE THEIR SELF-CREATED PROBLEMS AMERICA’S PROBLEMS (THEY CHEERED THE 911 TWIN TOWERS BOMBING, THEY’RE STILL IN VIOLATION OF AND HAVE NOT SIGNED THE NUCLEAR NON-PROLIFERATION TREATY, ISRAEL REMAINS IN VIOLATION OF UN RESOLUTIONS 242, 338, ETC., AND VIOLATES INTERNATIONAL LAW REGULARLY, ETC.) AS OIL HITS NEW RECORD INTRA-DAY HIGH AT $123.80 AS FOOD PRICES DOUBLED YEAR 0VER YEAR. AN ECONOMIST CITES INFLATION AS THE KEY CONCERN SAYING THIS IS THE 70’S ALL OVER AGAIN, VIZ., STAGFLATION, ETC., AND THAT FOOD, ENERGY, AND HEALTH CARE COSTS UP SHARPLY WHILE THE BELEAGUERED CONSUMER IS PRESSED AND TAKING ON DEBT (UP $15 BILLION). ONE ANALYST SAYS HIGH OIL WILL BE IMPACTING BUSINESSES AS WELL AS CONSUMERS (DAAAAAH!) AND REFINERS SAY THEY CAN’T MAKE MONEY IN THIS ENVIRONMENT. FAKE BETTER THAN EXPECTED PRODUCTIVITY GAIN TO 2.2% (1.5% EXPECTED) ACTUALLY ATTRIBUTABLE IF AT ALL TO JOB LOSSES AND NO OVERTIME OR RAISES. MEANWHILE, FOLLOWING AMERICA’S LEAD, CALIFORNIA CITY FILES BANKRUPTCY JOINING MANY AND MANY TO COME. (5-6-08) (DOW +51, NASDAQ +19, S&P +10) [CLOSE- OIL $121.84 (NEW RECORD) GAS $3.66 (NEW NATIONWIDE AVG. RECORD)/ GOLD $877.70/ SILVER $16.86/ PLATINUM $1969.80/ DOLLAR= .64 EURO, 104 YEN, .506 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.92%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. RECORD DAY IN TERMS OF BAD NEWS WITH NEW MOON BRINGS THE BAD NEWS BULLS OUT IN DROVES TO KEEP THE COMMISSION FRAUD ROLLING AS OIL HITS $122.73 INTRA-DAY HIGH, FANNIE MAE REPORTS SHARP ($2.2 BILLION) LOSSES/DIVIDEND CUT/FLOAT OF NEW DILUTING STOCK, D.H. HORTON WITH SHARP LOSSES, AND UBS WITH $11.4 BILLION LOSS/JOB CUTS AND STOCKS RALLY…..RIIIIIGHT!…ONE ECONOMIST SAYS ALL INDICATORS DOWN YEAR OVER YEAR, WE’RE CLEARLY SLIDING INTO RECESSION (THAT WE’RE ALREADY IN). ANOTHER ECONOMIST SAYS THE HIGH OIL/WEAK DOLLAR IS DISASTEROUS, RISING FOOD AND ENERGY COSTS IN THE 7-10 YEAR PERIOD OF HIGH COMMODITY PRICES AS DOLLAR DECLINES, SUPPLIERS/RETAILERS RAISE PRICES, ETC., BUT IS PURPLEXED AS TO WHY SAME IS NOT BEING REFLECTED IN GOVERNMENT/INFLATION REPORTS/DATA WHICH WINS NAIVETY AWARD IN LIGHT OF THE REALITY OF THIS TYPICAL GOVERNMENT LIE/FRAUD PARTICULARLY IN THIS ELECTION YEAR. AN OIL ANALYST SAYS BAD NEWS KEEPS ON COMING, THAT BETWEEN SUPPLY PROBLEMS AND MONETARY POLICY (THEY’RE PRINTING THOSE WORTHLESS DOLLARS LIKE MAD, THAT ALTHOUGH U.S. DEMAND IS DOWN CHINA DEMAND IS UP, THAT THE $150-$200 OIL PRICE PREDICTED BY GOLDMAN IS REALISTIC AND THAT WE’LL BLOW THROUGH THE $4.00/GALLON GAS TO $4.25-$4.50 AND SEES NO BREAK IN PRICES. SHREVE OF IBD GETS OUT THE POM POMS AND CHEERS THE WALL STREET LUNACY SAYING ROSY WITH THE MARKET SHRUGGING OFF THE BAD NEWS (IRRATIONAL EXUBERANCE WE BEEN TOLD IN THE PAST WHICH GOT US TO THIS CRISIS) BECAUSE THE MARKET WANTS TO GO HIGHER (YES, IN SHREVE’S MIND THE MARKET’S A LIVING ENTITY WITH A MIND OF IT’S OWN WHICH FOR A SHORT TIME CAN IGNORE REALITY TO SUCK IN THEIR ‘MARKS’ AND PERPETRATE THEIR CONTINUING FRAUD). YES, STAGGERING LOSSES, TRADE/BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR, AND AN OIL CRISIS MEAN HIGHER STOCK PRICES IN THE ALICE-IN-WONDERLAND FRAUDULENT WORLD OF WALL STREET.    (5-5-08) (DOW –88.66, NASDAQ –12.87, S&P –6.41) [CLOSE- OIL $119.97 (NEW RECORD) GAS $3.62 (NEW NATIONWIDE AVG. RECORD)/ GOLD $874.10/ SILVER $16.83/ PLATINUM $1929/ DOLLAR= .64 EURO, 104 YEN, .506 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.86%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. ONE ECONOMIST/ENTERTAINER/SPECULATOR AND NOW RESTAURANT CONNOISSEUR (TO HIS DISCREDIT POINTS TO NOT BEING ABLE TO MAKE A RESERVATION AT A RESTAURANT ALONG WITH ACCEPTANCE OF THE FAKE GOVERNMENT ECONOMIC DATA/REPORTS AS EVIDENCE OF NO RECESSION DESPITE THE REALITY THAT WE’RE ALREADY IN RECESSION AS PER, IE., GREENSPAN, BUFFET, KELLNER, MERRILL LYNCH, ETC., AND MOST IMPORTANTLY, ME) BUT TO HIS CREDIT SAYS WEAK DOLLAR WHICH WILL CONTINUE DOWNWARD TREND BECAUSE OF NUMBERS PRINTED/DISTRIBUTED WORLDWIDE ALONG WITH RECORD TRADE/BUDGET DEFICITS AND SEES SEES NO END IN SIGHT FOR THE DOWNWARD TREND AND RECOMMENDS NON-DOLLAR DENOMINATED/FOREIGN SECURITIES/FUNDS/ETF’S. ONE ANALYST DISCUSSES YAHOO NIXING MICROSOFT DEAL WHICH IS A VICTORY FOR TECHNOLOGY MOVING FORWARD. AN OIL ANALYST SAYS OIL PRICES GOING BEYOND EXPECTATIONS ON TIGHT SUPPLIES, CITES DELICATE BALANCE BETWEEN SUPPLY AND DEMAND, AND THAT EVERYONE (NATION) DUMPING WORTHLESS WEIMAR DOLLARS.    (5-2-08) (DOW +48, NASDAQ -4, S&P +4) [CLOSE- OIL $116.32 GAS $3.60/ GOLD $855.60/ SILVER $16.35/ PLATINUM $1900/ DOLLAR= .64 EURO, 104 YEN, .506 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.85%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. IT’S ALMOST AS EMBARRASSING AS YESTERDAY’S FOLLY TO DISCUSS THE RIDICULOUSNESS OF TODAY’S TYPICALLY FRAUDULENT WALL STREET ACTIVITY THAT ATTEMPTS TO KEEP THE COMMISSION FRAUD GOING BASED ON FALSE (SCANDAL-SCARRED GOVERNMENT COMMERCE DEPT. EXCEEDING TO THE DOWNSIDE EXPECTATIONS/CALCULATIONS OF PRIVATE ECONOMISTS BY 300-400%/60,000-80,000, THE NUMBER OF NEW UNEMPLOYMENT CLAIMS-DESPERATE CRIMINALS DO/SAY DESPERATE THINGS) REPORTS/DATA AND EVEN NEGATIVE NEWS/REPORTS/DATA. ANOTHER MAJOR RETAILER FILES BANKRUPTCY AND WILL CLOSE 120 STORES WHILE PERSONAL BANKRUPTCIES UP 40% AND GAINING MOMENTUM WITH FOURTH CONSECUTIVE MONTH OF JOB DECLINES WHILE WAR CRIMINAL MENTAL CASE INCOMPETENT DUMBYA BUSH WITH LOWEST RATINGS OF ANY MODERN PRESIDENT PONDERS THE ULTIMATE METAPHYSICAL/PHILOSOPHICAL QUESTION OF THE DAY CONCLUDING THAT THE ONLY JOB HARDER THAN PRESIDENT IS SON OF A PRESIDENT OR DID HE MISSPEAK AND REALLY MEAN SON OF A BITCH/BASTARD/WAR/GLOBAL CRIMINAL. ONE ANALYST SAYS TOO SOON TO TELL (RE: STOCK MARKET) OR DID HE REALLY MEAN IF IT SOUNDS TOO GOOD TO BE TRUE (IE., JOB NUMBERS, FAKE DATA/REPORTS, B.S., ETC.) IT PROBABLY ISN’T. SELL INTO STRENTH, TAKE PROFITS WHILE YOU CAN, THE WORST IS YET TO COME.     (5-1-08) (DOW +189, NASDAQ +67, S&P +23) [CLOSE- OIL $112.52 GAS $3.60/ GOLD $850.90/ SILVER $16.20/ PLATINUM $1882.30/ DOLLAR= .64 EURO, 104 YEN, .506 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.79%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). NOTHING HAS CHANGED REGARDING TRADE AND BUDGET DEFICITS, WORTHLESS WEIMAR DOLLAR AND THE HYPERINFLATION/STAGFLATION THEREBY, AND ELECTION YEAR (THIS IS AN EPHEMERAL GOOD AS IT GETS SCENARIO) ATTEMPTS TO REINFLATE THE BUBBLE, ETC., THAT HAS HELPED TO CREATE THIS FINANCIAL/ECONOMIC DEBACLE. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. IT’S EMBARRASSING TO EVEN DISCUSS THE RIDICULOUSNESS OF TODAY’S TYPICALLY FRAUDULENT WALL STREET ACTIVITY THAT ATTEMPTS TO KEEP THE COMMISSION FRAUD GOING. MOST RATIONAL FOREIGN MARKETS WERE CLOSED FOR MAY DAY FACILITATING THIS LAPSE IN REALITY SO PREVALENT ON WALL STREET AS BAD NEWS BULLS CHEER INCREASED UNEMPLOYMENT CLAIMS (35,000), DECLINE IN MANUFACTURING ACTIVITY, CONTRACTION IN CONSTRUCTION SPENDING, MUCH HIGHER FOOD AND ENERGY PRICES FUELING SLIGHT INCREASE IN CONSUMER SPENDING, AND A COMPLIANT/INCOMPETENT/CORRUPT GOVERNMENT THAT ATTEMPTS TO MAINTAIN INCUMBENCIES THAT ARE PART OF THE PROBLEM. ONE ANALYST SAYS WAITING FOR MORE CONVINCING (OTHER THAN FRAUD AND B**L S***T) SIGNS OF TURNARAOUND BUT WOULD TEND TOWARD TECH/MID-CAPS WHEN SUCH TIME AROSE, ANOTHERANALYST SAYS REAL ESTATE PRICE PRESSURE THROUGH 2010, AND AN OIL ANALYST SAID NOTHING. (4-30-08) (DOW -12, NASDAQ -13, S&P –5) [CLOSE- OIL $113.46 GAS $3.60/ GOLD $875.51/ SILVER $16.79/ PLATINUM $1933/ DOLLAR= .63 EURO, 103 YEN, .503 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.73%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. THE BIG NON-EVENT AS FED LOWERS EXPECTED QUARTER POINT (SEVENTH IN A ROW) AND DOLLAR OBLIGINGLY FALLS AS FED MINUTES ALSO REVEAL REALITY CONCERNING INFLATION/INFLATION EXPECTATIONS UP WHILE ECONOMY WEAK WITH UNCERTAINTY REGARDING ECONOMIC GROWTH (DESPITE ELECTION YEAR PRIMING, FAKE NUMBERS, ETC.) WHICH IS NEGLIGIBLE AND WAY ABOVE ECONOMISTS’ EXPECTATIONS EVEN IF BELIEVED AT .6% FOR GDP (HOW CAN YOU BELIEVE THEM, THEY LIE ABOUT EVERYTHING AND THIS IS NO EXCEPTION) AND HENCE THE REALITY OF STAGFLATION. CALIFORNIA GAS AT $4.00 REG., $4.27 PREM., $4.51 DIESEL. GENERAL MOTORS REGISTERS ANOTHER HUGE $3.3 BILLION LOSS IN FIRST QUARTER, LOWERS SALES OUTLOOK, AND WALL STREET FRAUDS RALLY THE STOCK. ONE ECONOMIST SAYS FED AT CLOSE ON EASING OWING TO INFLATION CONCERNS (4-5%), ECONOMIC UNCERTAINTY COUPLED WITH HIGH OUTLOOK FOR INFLATION (PARTICULARLY FOOD AND ENERGY) WHICH IS STAGFLATIONARY SCENARIO, CONSUMER SPENDING DOWN (WEAKEST SINCE 1990) WITH RAPID DECREASE IN WEALTH (FALLING REAL ESTATE VALUES, ETC.), AS INFLATION HEATS UP MORTGAGE (AND OTHER LOAN) RATES INCREASING WITH INCREASED RISK PREMIUMS (INFLATION RISK, DEFAULT RISK, CURRENCY RISK, ETC.), AND CREDIT CARD RATES IN TANDEM WITH MORTGAGE RATES INCREASING, WITH HIGHER DELINQUENCY RATES WITH NO R.E. EQUITY TO STRIP TO COVER SAME, AND SAYS GRIM OUTLOOK FOR REAL ESTATE WITH A WAYS TO GO TO THE DOWNSIDE AND NO RELIEF IN NEAR FUTURE FOR REAL ESTATE. AN OIL ANALYST SAYS OIL OUTAGES BACK ONLINE SO OIL FELL BACK, GAS PRICES STILL A BIT HIGHER, AND IF DEMAND IS REDUCED AND DOLLAR STRENGTHENS SOME RELIEF AT THE PUMP AFTER SEASONAL PRESSURES SUBSIDE. ANOTHER ECONOMIST SAYS FED DID WHAT WAS EXPECTED, MORE CONCERNED WITH INFLATION, ECONOMIC WEAKNESS HAS HAD DAMPENING/DISCIPLINING EFFECT ON INFLATION, AND THAT CAPITAL SPENDING WAS NEGATIVE. STILL ANOTHER ECONOMIST SAYS FED DID AS EXPECTED, IN DIFFICULT POSITION BECAUSE OF INFLATION AND MUST DEAL WITH 3 DISTINCT CONSTITUENCIES; VIZ., FINANCIAL MARKETS AND DIMINISHED TRUST THEREIN, THOSE PRESSING FOR STIMULUS/GROWTH, THOSE MOST CONCERNED WITH INFLATION WHICH IS REALISTIC CONSIDERING THE MASSIVE AMOUNTS OF LIQUIDITY (PLUS PRINTING WORTHLESS DOLLARS LIKE MAD AND DISTRIBUTING SAME THROUGHOUT THE WORLD) INJECTED BY FED WHICH IS HYPERINFLATIONARY, AND FED WILL FURTHER PREP MARKETS FOR PAUSE IN CUTS. (4-29-08) (DOW -40, NASDAQ +1, S&P –5) [CLOSE- OIL $115.63 GAS $3.60/ GOLD $876.80/ SILVER $16.57/ PLATINUM $1913/ DOLLAR= .64 EURO, 104 YEN, .508 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.82%]. CONSUMER CONFERENCE BOARD INDEX OF CONSUMER SENTIMENT AT LOWEST RATE IN 5 YEARS. S&P CASE SHILLER INDEX INDICATES PRICE DECLINES GAINING MOMENTUM AS THEY DECLINE 13% IN CURRENT PERIOD WITH 17 OF 20 COVERED REGIONS REGISTERING DECLINES WITH 20% DECLINES IN, IE., LA, PHOENIX, LAS VEGAS, ETC., AND ANALYST SAYS THINGS WILL GET WORSE BEFORE THEY GET BETTER. INFLATION EXPECTATIONS, CONSISTENT WITH WALL STREET ORIENTED FED POLICY AND REALITY, HAVE RISEN SIGNIFICANTLY. ONE ANALYST SAYS WE’RE IN RECESSION WITH EMPLOYMENT TRENDS DECIDEDLY LOWER. COUNTRYWIDE (-$893.1 MILLION) AND GMAC POST STEEP LOAN LOSSES. LENDING HAS DECLINED 80%. ONE ECONOMIST SAYS U.S. IS IN RECESSION, SOME BRIGHT SPOTS IN ASIA (IE., CHINA, INDIA, “RIM”, ETC.) BUT DIMMER IN EUROPE, THAT CONSUMER IS UNDER SIGNIFICANT STRESS, THAT AUTO LOANS (FOLLOWING PATH OF MORTGAGE LOAN DEFAULTS/FORECLOSURES IS NEXT), THAT CONSUMERS HAVE NO EQUITY IN REAL ESTATE TO BAIL THEM OUT/BORROW AGAINST HAVING STRIPPED AND SPENT SAME DURING BUBBLE, MORE WRITEDOWNS COMING IN BOTH RESIDENTIAL AND COMMERCIAL REAL ESTATE LOAN MARKETS, EXPECTS FED TO CUT .25% AND THEN EVALUATE, AND DOES NOT EXPECT BOTTOM IN SALES/PRICE DECLINES UNTIL AT LEAST SPRING, 2009. ONE REGIONAL R.E. ANALYST CDITES FORECLOSURES UP 23% FOR QUARTER AND UP 112% FROM LAST YEAR AND SAYS QUITE A WAYS FROM BOTTOM. ANOTHER ANALYST CITING CASE SHILLER INDEX SAYS NO SIGN OF BOTTOM. ONE R.E. FINANCE ATTORNEY/ANALYST EXPLAINS THE PROBLEMATIC COLLATERALIZED DEBT OBLIGATIONS (PACKAGED SUBPRIME LOANS INTO SECURITIES WHICH WERE SOLD/COMMISSIONED, RESOLD/COMMISSIONED, AD INFINITUM) WHICH ENCOURAGED THE SUBPRIME LOANS IN GREATER NUMBERS (TO FACILITATE THE FRAUD ON A MORE MASSIVE SCALE) AND SAYS A WAYS TO GO BEFORE BOTTOM. (4-28-08) (DOW -19, NASDAQ +1, S&P –1.5) [CLOSE- OIL $118.75 GAS $3.60/ GOLD $895.51/ SILVER $17/ PLATINUM $1975/ DOLLAR= .63 EURO, 104 YEN, .502 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.83%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. WARREN BUFFET WHO KNOWS SOMETHING ABOUT ECONOMICS AND WHO SAYS WE’RE ALREADY IN RECESSION WHICH WILL BE LONGER AND DEEPER THAN EXPECTED. ONE ECONOMIST SAYS ECONOMY WEAK, QUARTER POINT CUT TO 2% FED FUNDS (325 BASIS POINTS CUT SO FAR-3.25%), MORTGAGE RATES HIGHER SO FED HAS NOT SUCCEEDED BY THEIR ACTIONS, RISK PREMIUMS HAVE RISEN SIGNIFICANTLY, CREDIT CARD RATES RISING SUBSTANTIALLY WITH SOME INCREASES AS HIGH AS 100%, LENDERS GROSSLY UNDERPRICED RISK SO AGRESSIVELY MOVING TO INCREASE RATES, BANKS FACING SUBSTANTIAL LOSSES AND CUTTING BACK ON CREDIT/LENDING, FED WILL PAUSE AFTER CUT AND SEE RESULTS OF ACTIONS THUS FAR (NOT SO MUCH), AND WE HAVEN’T YET SEEN BOTTOM FOR REAL ESTATE. A REAL ESTATE ANALYST SAYS VACANT OWNED/FORECLOSED HOMES FOR SALE AT ASTOUNDING 2.3 MILLION, CONTINUED WEAKNESS IN PRICES AND SALES, AND SEES NO BOTTOM YET. ANOTHER ECONOMIST SAYS DOLLAR DOWN AND LONG END OF YIELD CURVE UP, DISTINGUISHES DEMAND PULL INFLATION (TOO MUCH MONEY CHASING TOO FEW GOODS) WHICH FED CAN INFLUENCE FROM COST PUSH INFLATION (INCREASED COSTS, IE., WAGES, COMMODITIES, OIL/FUEL, FOOD, ETC.) WHICH FED CANNOT AFFECT WITH THE LATTER BEING THE MOST SIGNIFICANT PROBLEM NOW, FED ACTIONS STUPID SINCE THEY ARE FEEDING COST PUSH WITH WEAKER DOLLAR AND POLICY, LONGER AND DEEPER RECESSION, OIL/RELATED AND MULTINATIONALS WITH FAVORABLE CURRENCY TRANSLATION TO WEAK DOLLAR DISGUISING SUBSTANTIAL ECONOMIC/FINANCIAL WEAKNESS, AND SOVEREIGN WEALTH FUNDS OF OTHER COUNTRIES (IE., CHINA WITH $2 TRILLION, ETC.) BUYING UP U.S. COMPANIES AND TECHNOLOGY, AND PAINTS VERY GRIM PICTURE.   (4-25-08) (DOW +42, NASDAQ -6, S&P +9) [CLOSE- OIL $118.52/ GOLD $888/ SILVER $16.73/ PLATINUM $1941.65/ DOLLAR= .63 EURO, 104 YEN, .504 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.87%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLIES ON NEGATIVE NEWS (PARTICULARLY SNEAKING INTO THE CLOSE). [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. CONSUMER SENTIMENT HITS LOWEST LEVEL IN 26 YEARS. ONE ANALYST SAYS THE ECONOMY’S A DISASTER, ALL THE MONEY BORROWED FROM THE BUBBLE (EQUITY LOANS, CARDS, ETC.) IS GONE (SPENT ON IMPORTED GOODS, IE., PLASMA TVS, ETC.) LEAVING CONSUMERS BROKE, TRADE DEFICITS HIGH, BUDGET DEFICITS HIGHER AS THEY FOOLISHLY TRY TO RE-INFLATE THE BUBBLE TO NO AVAIL, THAT U.S. IS A DRAIN TO THE WORLD ECONOMY AND OTHER NATIONS WILL DO BETTER AS THEY BREAK WITH U.S. AND WISE TO BY NON-DOLLAR DENOMINATED ASSETS/SECURITIES, PRECIOUS METALS/COMMODITIES, AND INVEST IN SECURITIES MARKETS OUTSIDE U.S.. ONE UNION LEADER CITES TRUCKERS PROBLEMS WITH HIGH FUEL AS WITH AIRLINES AND SAYS MANY GOING AND GOING TO GO OUT OF BUSINESS AND FURTHER CITES DEREGULATION OF SECURITIES MARKETS BY CLINTON AND OTHER DEREGULATION AS SOURCE OF THE PROBLEMS AND NEED MORE CORRECTLY FOCUSED ATTENTION BY POLITICIANS. FORBES SAYS ECONOMY BAD, WEAK DOLLAR TO BLAME, SIMILAR TO 1970’S SCENARIO OF HIGH INFLATION, AND JUMPS ON POPULAR BANDWAGON OF SECOND HALF (ELECTION TIME PUMP PRIMING) BETTER BUT ONLY IF DOLLAR STRONGER WHICH IS LIKE SAYING IF YOUR MOTHER HAD WHEELS SHE’D BE A TROLLEY CAR (HE ALSO IGNORES THE GEOPLITICAL/ECONOMIC SHIFT THAT’S OCCURRED TO U.S. LONG-TERM IRRETRACEABLE DETRIMENT). ECONOMIST SAYS ECONOMY IS A MESS, EURO CAN’T RISE MUCH FURTHER BUT DOLLAR’S RECENT RISE WAS TEMPORARY WITH MORE DOWNSIDE TO COME. (4-24-08) (DOW +85, NASDAQ +23, S&P +8) [CLOSE- OIL $116.06/ GOLD $889.40/ SILVER $16.72/ PLATINUM $1963/ DOLLAR= .63 EURO, 104 YEN, .506 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.73%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE ON NEGATIVE NEWS. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. THE SCYLLA AND CHARYBDIS OF ENERGY NEWS AS ONE EXPERT SAYS $7.00 GAS AND $200 OIL WITHIN 4 YEARS WHILE ANOTHER EXPERT SAYS OIL TO THE 90’S BECAUSE OF RECESSION. AN 8.5% DECREASE IN NEW HOME SALES WITH 13% PRICE DECLINE, U.S.A. AIRLINES POSTS STEEP LOSSES ALONG WITH COMBINED LOSSES OF $10.5 BILLION FOR DELTA/NORTHWEST, DURABLES DOWN, BUT FRAUDULENT/SUCKERS’ BEAR MARKET RALLEY AS CONSUMER CONFIDENCE DOWN IN EUROPE (MISERY LOVES COMPANY). ONE ECONOMIST SAYS WE’RE IN RECESSION AND NOT THROUGH THE WORST OF IT, IMBALANCES REMAIN AS CONSUMERS SPEND FAR BEYOND MEANS HAVING STRIPPED OUT REAL ESTATE/HOME EQUITY, NOW NO OR NEGATIVE EQUITY AND CONSUMER SPENDING WILL DECLINE IN NEXT 2 YEARS, R.E. ESTATE/HOME PRICES WILL CONTINUE TO FALL FOR NEXT 2 YEARS MINIMUM WITH DECLINES OF 40% (IE., SOCAL, ETC.) AND HALFWAY THROUGH DECLINE, BUT CITES AVERSION FOR U.S. CURRENCY AND SURPRISE AT TRANSPORTS IN LIGHT OF NEGATIVE FUNDAMENTALS (IE., HIGH FUEL PRICES, DECREASING DEMAND, ETC.). ANOTHER OIL ANALYST IS HOPEFUL BUT SAYS OIL/GAS PRICES UP FURTHER BEFORE DOWN. SHREVE OF IBD HOPING TO SELL MORE PAPERS SHILLS FOR THE STREET CITING STOCKS RALLYING ON NEGATIVE NEWS (I WOULD SAY THAT’S THE INSANITY/IRRATIONALITY/EXUBERANCE THAT BROUGHT THIS CRISIS AND BAILOUT FOR THE WALL STREET FRAUDS). RESTAURANTEUR/EXPERT IN NON-WALL-STREET REAL WORLD SAYS WORST ECONOMIC SCENARIO HE’S EVER SEEN WITH RISING PRICES (IE., DAIRY UP 100%, WAGES/MIN.WAGE UP, ETC.), AND THERE WILL BE MORE CLOSURES/FAILURES. ROBERT KIOSAKI NOW SAYS IF YOU DON’T KNOW WHAT YOU’RE DOING YOU WON’T DO WELL (AND IT’S TRUE THAT IF YOU DIDN’T KNOW BETTER THAN TO TAKE HIS AND TRUMP’S ADVICE, YOU’RE DOING POORLY-BUT BUY THEIR BOOKS AND SEMINARS AND MAKE THEM RICH FROM THEIR B**L S**T), THE ECONOMY’S IN BIG TROUBLE (DAAAAAH!), DOWNTREND FOR AT LEAST ANOTHER 2 YEARS, IF YOU BUY A BAD STOCK YOU’LL SUFFER (BRILLIANT!), CORRECTLY POINTS OUT THAT THE U.S. DOLLAR IS TOXIC AND PEOPLE WITH 401K’S ARE GETTING WIPED OUT, BUT NOW IT’S THE PEOPLE’S FAULT FOR NOT KNOWING ENOUGH AND LISTENING TO THEM. NOTED ECONOMIST SAYS WE’RE ALREADY IN THE RECESSION, THAT FED HAS CUT RATES 6 TIMES IN SMALL SPACE OF TIME AND HE IS MORE CONCERNED WITH INFLATION WITH HYPERINFLATION THE CONSEQUENCE OF TOO MUCH LIQUIDITY (TO HIS FAULT HE NEGLECTS TO SAY FED PRINTING WORTHLESS DOLLARS LIKE CRAZY AND FURTHER DECLINE IN DOLLAR).   (4-23-08) (DOW +42, NASDAQ +28, S&P +3) [CLOSE- OIL $118.30/ GOLD $909/ SILVER $17.16/ PLATINUM $2018.80/ DOLLAR= .62 EURO, 103 YEN, .503 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.73%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS, EARNINGS NOT AS BAD AS EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN, ESPECIALLY WITH BEAR MARKET RALLY INTO THE CLOSE ON MIXED TO NEGATIVE NEWS. [eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY]. USA 2008: The Great Depression. AMBAC THE BOND INSURER WITH GREATER THAN EXPECTED LOSSES THOUGH BOEING WITH ONE TIME ITEMS EXCEEDED LOWERED EXPECTATIONS. HIGH FOOD PRICES CREATING HARDSHIP IN 50+% OF HOUSEHOLDS AS IN 3 YEARS MILK UP 20%, EGGS UP 70%, RICE DOUBLES, YEAR OVER YEAR BREAD UP 16%. GOVERNMENT SCIENTISTS COMPLAIN OF GOVERNMENT INTERFERENCE IN THEIR WORK/CONCLUSIONS. ONE ECONOMIST SAYS VERY GRIM ECONOMIC PICTURE, FALLING DOLLAR WHICH WILL CONTINUE DECLINE, RECESSION, UNATTRACTIVE INTEREST RATES/RETURNS, CITES DOLLAR-DENOMINATED COMMODITIES/HEDGE CONTRACTS AS PROBLEMATIC, AND SAYS INFLATION/UNEMPLOYMENT NOT SHOWING UP IN GOVERNMENT REPORTS (DAAAAAH…THE GOVERNMENT LIES ABOUT EVERYTHING ESPECIALLY IN ELECTION YEARS), AND SAYS FED NOT LOOKING AT BIG PICTURE, BIG IMBALANCES, RECESSION, STAGFLATION, AND AUTHORED HISTORY BOOK OF WALL STREET DREAMS AS REALITY BOULEVARD OF BROKEN HEARTS. FOOD BANK MANAGER CITES DEPRESSION ERA LEVELS OF PEOPLE SEEKING FOOD ASSISTANCE WITH FOOD PRICES UP AVERAGE 7+% YEAR OVER YEAR. R.E. BROKER/REALTOR/EXECUTIVE CITES LOTS OF INVENTORY AND TO HIS CREDIT CAN’T AND DOESN’T PREDICT BOTTOM. ONE MORTGAGE BUYER SAYS BIG PROBLEM IS THAT HOMES/PROPERTY HAVE NO EQQUITY AND BANKS SELLING MORTGAGES AT SUBSTANTIAL DISCOUNTS (MORE WRITEDOWNS/LOSSES). (4-22-08) (DOW -105, NASDAQ -31, S&P -12) [CLOSE- OIL $119.37 (NEW RECORD)/ GOLD $925.20/ SILVER $17.71/ PLATINUM $2037.40/ DOLLAR= .62 EURO, 102 YEN, .501 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.69%]. NEW DOLLAR LOW AGAINST EURO. NEW RECORD HIGH OIL ($119.90), GAS ($3.86 AVG REG), AND DIESEL ($4.44) PRICES. SUBSTANTIAL DECLINES IN HOME SALES AND PRICES (AND DOUBLE-DIGIT DECLINES IN THE LAND OF FRUITS AND NUTS, -22% AND –15%, RESP.). ONE ECONOMIST/ENTERTAINER/SPECULATOR SAYS NO VISIBLE BOTTOM TO DOLLAR FALL BECAUSE ALL PROBLEMS, VIZ., BUDGET AND TRADE DEFICITS, ETC., REMAIN AND NOTHING TO SUPPORT DOLLAR WHICH WILL CONTINUE TO FALL, SAYS ETHANOL MANDATE A DISASTER, NEED FOR TAX INCREASE ON THE WEALTHY, AND FUTHER CITES MARKET MANIPULATION. ONE REAL ESTATE ANALYST CITES –2% DECLINE (ANNUALIZED 24%) IN SALES,- 7.7% (ANNUALIZED –93%) IN PRICES, AND 144% INCREASE IN DEFAULTS AND 317% INCREASE IN FORECLOSED PROPERTIES, UPSIDE DOWN MORTGAGE TO VALUE SCENARIO WITH FORCLOSURE SALES ACCOUNTING FOR ONE THIRD OF ALL SALES. ANOTHER ANALYST CITES WORLDWIDE FOOD CRISIS AND BIOFUEL A CAUSATIVE FACTOR IN THE CRISIS. UAL CUTTING FLIGHTS AND JOBS CITING HIGH FUEL COSTS AND DIFFICULT ECONOMIC ENVIRONMENT FOR AIRLINES. CURRENCY ANALYST SAYS NO END IN SIGHT FOR FALLING DOLLAR, U.S. PROBLEMS HAVE NOT BEEN WORKED THROUGH AND REMAIN, IN EUROPE THE CONCERN WITH INFLATION IS THE RATIONAL ORIENTATION AND FED APPROACH WAS/IS WRONG WITH LOW INTEREST RATE WALL STREET ORIENTATION AND WORDS OF FED/ADMINISTRATION EMPTY WITHOUT CORRECT ACTION AND COUNTER PRODUCTIVE AS U.S. IS NOW IMPORTING INFLATION AND THE FED IS WAY BEHIND THE CURVE. (4-21-08) (DOW -24, NASDAQ +5, S&P -2) [CLOSE- OIL $117.48 (NEW RECORD)/ GOLD $917.60/ SILVER $17.45/ PLATINUM $2013/ DOLLAR= .62 EURO, 103 YEN, .505 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.71%]. RECORD HIGH OIL/GAS/DIESEL PRICES RALLY STOCKS INTO THE CLOSE…..RIIIIIGHT! BOFA REGISTERS 77% EARNINGS DROP ON CREDIT LOSSES/WRITEDOWNS. NATIONAL CITY DILUTING OWNERSHIP/EQUITY/EARNING WITH OLD WALL STREET PLOY/FRAUD, VIZ., BUBBLE STOCK. ONE ANALYST CITES IN RESPONSE TO QUESTION REGARDING NEWS BEING NO DIFFERENT FROM FRIDAY’S BUBBLE RALLY THAT MARKET MOODS CHANGE (RIIIIIGHT…..FULL MOON AFFECTS LUNATICS/FRAUDS) AND BOFA’S MISSED EARNINGS. VENTURE CAPITAL INVESTING DOWN ALONG WITH IPO’S. ONE THIRD OF BUSINESS ECONOMISTS HAVE ECONOMY SHRINKING. OIL ANALYST SEES $125 OIL WITH REFINING PROBLEMS, STORMS IN MEXICO, DETERIORATING DOLLAR, AND GEOPOLITICAL UNREST AND SEES STRONGER EURO HITTING 1.60 RELATIVE TO WORTHLESS DOLLAR. (4-18-08) (DOW +228, NASDAQ +61, S&P +24) [CLOSE- OIL $116.69 (NEW RECORD)/ GOLD $920.60/ SILVER $18.26/ PLATINUM $2053/ DOLLAR= .63 EURO, 103 YEN, .500 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.72%]. RECORD HIGH OIL PRICES YET AIRLINES WITH THEIR LOSSES RALLY. CITIBANK LOSES $5 BILLION (MISREPORTED AS LESS THAN EXPECTED SINCE EXPECTED WAS CONSENSUS LOSS OF $ .74 PER SHARE VERSES ACTUAL LOSS OF $1.02 PER SHARE), PLUS BILLIONS MORE IN WRITEDOWNS, JOB CUTS, AND STOCK RALLIES. NEW RECORD PRICES FOR OIL, GAS, AND DIESEL. ONE ANALYST EXPRESSED SURPRISE AT THE RUN-UP, SAYS MORE NEGATIVES TO COME, CITES SHORT-COVERING ADDING STEAM TO RALLY, SAYS INCREASES IN OIL/FUEL PRICES IGNORED AS EVEN AIRLINES RALLIED, SAYS WE’VE MOVED INTO RECESSION AND IF DEEPER (IT WILL BE) THEN UPTICK IS SHORT-LIVED, ESPECIALLY SINCE RECESSION, BUDGET DEFICIT AMONG OTHER PROBLEMS REMAIN. ANOTHER ANALYST COMMENTS ON WHAT SHOULD COME AS NO SURPRISE THAT UNEMPLOYMENT UP SHARPLY IN THE LAND OF FRUITS AND NUTS. (4-17-08) (DOW +1, NASDAQ -8, S&P +0) [CLOSE- OIL $114.86/ GOLD $942.90/ SILVER $18.26/ PLATINUM $2053/ DOLLAR= .62 EURO, 101 YEN, .502 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.72%]. FOLLOWING UP ON BAD NEWS BULLS COMMENT IS OBSERVATION THAT BAD NEWS IS GOOD NEWS IN THE RETURN TO ALICE-IN-WONDERLAND FRAUDULENT LUNATIC WORLD OF WALL WHERE BLAZING FULL MOON KEEPS LUNATIC/FRAUDS’ SUCKER’S BEAR MARKET RALLY ROLLING DESPITE NEGATIVE PHILADELPHIA FED INDEX, ANEMIC ONE TENTH OF ONE PERCENT (.1%) RISE IN LEADING ECONOMIC INDICATORS (PROPPED BY BEGINNING OF NEW B.S. STOCK PRICE BUBBLE COMPONENT), RECORD HIGH OIL AND GAS PRICES, RECORD DOLLAR LOWS, AND UNEMPLOYMENT CLAIMS UP MORE THAN EXPECTED. ONE OIL ANALYST SEES $125 OIL. MERRILL LYNCH POSTS $2.1 BILLION LOSS, ANNOUNCES JOB CUTS AND $6-8 BILLION MORE WRITEDOWNS WHICH RALLIES THE STOCK. ONE ANALYST SAYS MORE COMPANIES MISSING THEIR NUMBERS BUT MARKET’S IGNORING SAME (FULL MOON) AND THAT INFLATION WILL BECOME A PROBLEM. ANOTHER OIL ANALYST SAYS WE’RE GETTING CLOSER TO A TOP BUT WITH RECORD DOLLAR LOWS AND WEAKENING ECONOMY, HIGH OIL/GAS PRICES A GREATER PROBLEM AND FORESEES POSSIBLE $4-5 GAS PRICES. ONE ECONOMIST SAYS THOSE EXPECTING TURNARAOUND IN SECOND HALF ARE LIKELY TO BE DISAPPOINTED. (4-16-08) (DOW +256, NASDAQ +60, S&P +30) [CLOSE- OIL $114.91(RECORD)/ GOLD $945/ SILVER $18.30/ PLATINUM $2019/ DOLLAR= .62 EURO, 101 YEN, .507 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.66%]. FOLLOWING UP ON BAD NEWS BULLS COMMENT IS OBSERVATION THAT BAD NEWS IS GOOD NEWS IN THE RETURN TO ALICE-IN-WONDERLAND FRAUDULENT LUNATIC WORLD OF WALL STREET BUT BUSINESS REPORTER JUST CAN’T BE FRANK AND ASK THE TOUGH/INFORMED QUESTIONS BUT RATHER AS JUST ANOTHER MONEY-HONEY MAKES FIRST ANALYST COMMENTARY A NON-EVENT ALONG WITH EVEN BARRON’S EDITOR WHO DOES POINT OUT THAT BEIGE BOOK VERY NEGATIVE AND EVEN THE FEW POCKETS OF STRENGTH HAVE BEEN PULLED DOWN. OIL UP TO NEW RECORDS, DOLLAR DOWN. BEIGE BOOK REVEALS INFLATION UP, HOUSING DOWN, ECONOMY WEAKENING FURTHER AND CONSUMER SPENDING SOFTENING AS INVENTORIES OF UNSOLD GOODS RISING. FAKE REPORT HAS CONSUMER PRICES UP LESS THAN EXPECTED (DON’T COUNT FOOD AND ENERGY…..RIIIIIGHT!). AIRLINES SHOWING BIG LOSSES. MERRILL WITH $6-8 BILLION MORE WRITEDOWNS, LAYOFFS, ETC..(WHY ARE THESE FRAUDS NOT IN JAIL, DISGORGING FRAUDULENT COMMISSIONS/PROFITS, ETC.). NEW CONSTRUCTION DOWN AND IMPORTANTLY GOING FORWARD, PERMITS DOWN. VERY DISMAL REALITY EXCEPT THAT OLD WALL STREET FRAUD IS NEW WALL STREET FRAUD. THEY PREVIOUSLY FOOLED/DEFRAUDED YOU, THE SHAME’S ON THEM. THIS TIME THE SHAME’S ON YOU! (4-15-08) (DOW +60, NASDAQ +10, S&P +6) [CLOSE- OIL $113.79/ GOLD $932.10/ SILVER $17.90/ PLATINUM $1976/ DOLLAR= .63 EURO, 101 YEN, .509 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.59%].. WHOLESALE INFLATION RATE AT MUCH HIGHER THAN EXPECTED 1.1% (ANNUALIZED 13+%). COUNTING FORECLOSURES, HOME SALES UP WHILE PRICES DOWN SHARPLY -28%, -24% IN LAND OF FRUITS AND NUTS, FORECLOSURES UP 57%. RECORD HIGH OIL ($113.79) AND GAS ($3.38) PRICES, DOLLAR DOWN MODERATELY. THAT HUB OF GLOBAL MANUFACTURING NEW YORK (RIIIIIGHT!…SUUUUURE!) SHOWS INCREASE BY THEIR MANUFACTURING INDEX (BUT ONLY IF YOU COUNT FRAUDULENT PAPER/SECURITIES). ONE ANALYST SAYS TODAY THERE WAS AS MUCH GOOD NEWS AS BAD (SINCE WHEN HAVE FINANCIAL MARKETS BECOME DAY-TO-DAY ROULETTE WHEELS BASED ON B**L S**T ALONE!). ANOTHER ANALYST SAYS DIRE PICTURE FOR CONSUMERS. (4-14-08) (DOW -24, NASDAQ -14, S&P -4) [CLOSE- OIL $111.89/ GOLD $926.60/ SILVER $17.74/ PLATINUM $1976/ DOLLAR= .626 EURO, 100.95 YEN, .505 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.51%]. RETAIL SALES UP MUCH HIGHER THAN EXPECTED FOR MARCH AT ANEMIC .2% BASED ON HIGHER GAS PRICES ALONE. DOLLAR DOWN, OIL UP AT/NEAR RECORD HIGHS, AND CONSUMER CONFIDENCE AT 26 YEAR LOW. ONE ANALYST CITES CONCERN OVER LOAN LOSS RESERVES BEYOND BIG BANKS AS WACHOVIA REPORTS UNEXPECTED SUBSTANTIAL QUARTERLY LOSS ($350+MILLION) AND ANNOUNCES DIVIDEND CUTS, LAYOFFS, AND ISSUANCE OF DILUTING COMMON/PREFERRED STOCK. HARDLY A ROSY SCENARIO. (4-11-08) (DOW -256, NASDAQ -61, S&P -28) [CLOSE- OIL $110.14/ GOLD $927/ SILVER $17.69/ PLATINUM $2028/ DOLLAR= .63 EURO, 101 YEN, .506 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.47%]. REUTER’S CONSUMER SENTIMENT INDEX PEGS CONSUMER CONFIDENCE AT LOWEST READING (62.3 VS. EXPECTED 68) SINCE 1982 (RECESSION). GE DISAPPOINTS ON EARNINGS, ISSUES FULL YEAR WARNING, AND THEN COME DOWNGRADES BUT NOT ALONE ON THAT FRONT (UPS, ETC.). FRONTIER FOURTH U.S. AIRLINE TO FILE BANKRUPTCY. ONE ANALYST SAYS BEAR MARKET, DOWN ON ALL ASPECTS OF U.S. ECONOMY, AND LOWER EARNINGS TO COME. COMMENTS ON BERNANKE’S NO RECESSION/NOW RECESSION MISTATEMENT AND POLICIES , IE., PRINTING WORTHLESS WEIMAR DOLLARS LIKE MAD, LOWER INTEREST RATES, ETC. WHICH WILL WORSEN U.S. ECONOMIC PLIGHT WITH SUBSTANTIALLY HIGHER INFLATION, IE., IMPORT PRICES UP 14%, OIL AT/NEAR RECORD HIGHS $110 PLUS. SAYS OTHER NATIONS PRINTING CURRENCY TO PROP WORTHLESS U.S. DOLLAR WHICH WILL CONTINUE DOWN AS U.S. ‘EXPORTING INFLATION’ AND RECOMMENDS NON-DOLLAR DENOMINATED INVESTMENTS/SECURITIES, MARKETS OUTSIDE U.S., NON-U.S. CURRENCIES, IE., EURO, SWISS FRANC, ETC., AND PRECIOUS METALS, GOLD/SILVER PARTICULARLY. ANOTHER OLD, ‘ALWAYS GOTTA BE BUYING’, ANALYST SAYS CONCERNED ABOUT DOLLAR WHICH IS RELATED TO TRADE/BUDGET DEFICITS AND SAYS THINGS TROUBLESOME GOING FORWARD.   (4-10-08) (DOW +54, NASDAQ +29, S&P +6) [CLOSE- OIL $110.11/ GOLD $931.80/ SILVER $18.04/ PLATINUM $2045/ DOLLAR= .63 EURO, 101 YEN, .506 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.55%]. WORST RETAIL NUMBERS IN 13 YEARS AND TRADE/BUDGET DEFICITS UP SHARPLY WITH DOLLAR HITTING NEW INTRA-DAY RECORD LOW AGAINST EURO, BUT WHAT THEY WORRY, HECK NO THEY WORK ON WALL STREET. BUSINESS REPORTER COINS THE PHRASE BAD NEWS BULLS SINCE THESE LUNATIC FRAUDS ON WALL STREET SEEM TO THRIVE ON BAD ECONOMIC/FINANCIAL DATA. GREENSPAN: NO REGRETS; U.S. IN SEVERE RECESSION. JAWBONER BERNANKE SAYS THIS DOWNTURN IS DIFFERENT FROM THE GREAT DEPRESSION AND HE IS RIGHT INASMUCH AS AMERICA UNLIKE AFTER THE GREAT DEPRESSION WILL EMERGE FROM THIS DOWNTURN AS SOMETHING SIGNIFICANTLY AND SUBSTANTIALLY LESS FROM WHICH THERE WILL BE NO RETRACEMENT TO THE UPSIDE FINANCIALLY, ECONOMICALLY, GEOPOLITICALLY. UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF. (4-9-08) (DOW -49, NASDAQ -27, S&P -11) [CLOSE- OIL $110.87/ GOLD $935/ SILVER $18.18/ PLATINUM $2023/ DOLLAR= .63 EURO, 101 YEN, .506 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.48%]. FHA FOR FIRST TIME IN HISTORY SHOWS DEFICIT. OIL AND GAS INVENTORIES DROP SHARPLY. DOLLAR DOWN SHARPLY. POUND STERLING AT NEW RECORD LOW AGAINST EURO HAVING FOLLOWED U.S. INTO THE ABYSS. ONE ECONOMIST SAYS JOB LOSSES AND WAGE LOSSES (ADJUSTED FOR INFLATION) HAVE BEEN DEVESTATING (FOR CONSUMER AND ECONOMY). AIRLINES CANCEL FLIGHTS FOR COMPLIANCE ISSUES. OIL ANALYST CITES RECORD HIGH OIL/GAS PRICES, $112+ INTRA DAY TRADING HIGH, $110.87 CLOSING HIGH, AND SAYS CONSIDERABLY HIGHER OIL/GAS PRICES TO COME ON SUBSTANTIAL DRAW DOWNS ON OIL/GAS INVENTORIES, REFINERY OUTAGES, AND SEES $118-$120 OIL, $4.00 GAS, AND $5.00 DEISEL. ONE ANALYST CITES DECLINING DOLLAR WHICH WILL CONTINUE DOWN WITH CONTINUING ILLEGAL WAR IN IRAQ ALONG WITH FED’S LOWERING OF INTEREST RATES AND RECOMMENDS EURO DENOMINATED ETF (TO A FAULT HE FAILS TO POINT OUT THAT THE FED IS PRINTING WORTHLESS (WEIMAR HYPERINFLATIONARY) DOLLARS LIKE MAD. LAND OF FRUITS AND NUTS BUSINESS REPORTER FOCUSES ON OLYMPIC TORCH EVENT AND HAS WHERE’S WALDO MOMENT POINTING OUT THE TORCH IS NOW CONCEALED AND PROBINGLY ASKS, WHAT IF THE TORCH GOES OUT; AND THEN HAS ON SOME LAND OF FRUITS AND NUTS POLITICIANS/BUREAUCRATS (MOST ARE CORRUPT/GET RICH WHILE IN OFFICE-GOV’T CONTRACTS, ETC.), INCOMPETENT, ETC.. (4-8-08) (DOW -36, NASDAQ -16, S&P -7) [CLOSE- OIL $108.50/ GOLD $918/ SILVER $17.71/ PLATINUM $2029.60/ DOLLAR= .63 EURO, 102 YEN, .507 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.56%]. FOMC MINUTES SHOW FED DEEPLY CONCERNED WITH (ALREADY THE REALITY OF) DEEP DOWNTURN IN THE ECONOMY (THAT IS ALREADY) HAPPENING. CONSUMER CONFIDENCE AT NEW RECORD LOW. PENDING HOME SALES AT NEW RECORD LOW. OIL AND GAS PRICES AT OR NEAR RECORD HIGHS. JUST GREAT! KEN SHREVE OF INVESTORS BUSINESS DAILY POINTS TO VERY PESSIMISTIC READINGS ON ECONOMY, FINANCIALS, AND GOVERNMENT POLICY, EMPHASIZES WEAK DOLLAR WITH UPWARD PRESSURE ON OIL AND GAS, POINTS TO DISMAL –51% SHOWING (EARNINGS) IN FIRST QUARTER. ONE REPORTER EMPHASIZES FED’S CONCERN WITH DEEPER BUSINESS DOWNTURN AND CITES ECONOMIST WHO SAYS ECONOMY GETTING WEAKER, NOT BETTER, AND $1+ TRILLION LOAN/DEBT LOSSES WITH LESS THAN A THIRD WRITTEN DOWN. A METALS ANALYST SEES $970 GOLD OVER THE RELATIVE NEAR/INTERMEDIATE TERM, IMF SALE OF GOLD STILL UNCERTAIN REQUIRING VOTE AND WOULD IN ANY EVENT HAVE RELATIVELY SMALL IMPACT ON GOLD PRICES, SAYS INDUSTRIAL METALS INCLUDING, IE., SILVER, ETC., WILL SUFFER MORE IN WEAK ECONOMY, AND COUNTRIES WITH INCREASING INFLATION, IE., INDIA AT 8%, ETC., WILL HELP PROP,. IE., GOLD. VERY LARGE DECLINE OF 17.5% IN BUSINESS ACTIVITY IN THE LAND OF FRUITS AND NUTS; HOW COULD THEY EXPECT OTHERWISE.   (4-7-08) (DOW +3, NASDAQ -6, S&P +2) [CLOSE- OIL $109.09/ GOLD $926.80 / SILVER $18.13 / PLATINUM $2046.90 / DOLLAR= .62 EURO, 101 YEN, .501 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.55%]. PURCHASER/MANUFACTURING INDEX FLAT, 5.2% INCREASE IN CONSUMER DEBT TO $3 TRILLION, AND 3 AIRLINES BANKRUPT WITH MORE TO FOLLOW. ROSY! ONE ANALYST (KEEP IN MIND HE’S A BUY AND HOLDER WHICH MEANS LOSER OVER A DECADE AND PARTICULARLY HERE IN LIGHT OF WEIMAR DOLLAR) SAYS ECONOMY BAD FOR HOUSING/CONSTRUCTION/FINANCIALS AND ECONOMIC WEAKNESS NOT BEHIND US YET. SAYS WITH HINDSIGHT, WE’RE IN BEAR MARKET (RECESSION) AND QUESTION IS WHETHER WORST IS BEHIND US (ANSWER-NO!), AND CITES RECORD GAS PRICES PROBLEMATIC, AND GUIDANCE (YOU KNOW, THE B**L S**T THAT GOT US TO THE BUBBLE IN THE FIRST PLACE), IS THE KEY. OIL ANALYST CITES ENGLAND REFINERY DOWN, TIGHTNESS OF SUPPLY OF DISTILLATE FUEL, AND SAYS PRICES WILL TEST ALL-TIME HIGHS $111+ (AND OF COURSE THE WORTHLESS DOLLAR AFFECTING SAME). ONE NOTED ECONOMIST CITES WITH GREAT WEIGHT ECONOMIST MARTIN FELDSTEIN OF THE NATIONAL BUREAU OF SOMETHING ECONOMIC (WHO CARES) WHOSE CONSIDERED OPINION IS THAT WE’RE IN RECESSION AND THAT SAME WILL BE SEVERE, WHICH PRONOUNCEMENT IS ECHOED ALSO BELATEDLY BY GREENSPAN. HE HIMSELF FORECASTS SEVERE RECESSION, SAYS STEPS THUS FAR TREAT SYMPTOMS RATHER THAN EFFECT CURES, CITES THE PROBLEMATIC NATURE OF COLLATERALIZED DEBT SECURITIES (COLLATERAL IS SUSPECT), SAYS MORE WRITE-OFFS, BUT TO A FAULT, FAILS TO RECOGNIZE/DISTINGUISH AMERICA’S SUBSTANTIALLY WORSENED POSITION (ECONOMICALLY, FINANCIALLY, SOCIALLY, GEOPOLITICALLY, ETC.) FROM EVEN THE 1930’S IN HIS “APPROACH”. (4-4-08) (DOW -17, NASDAQ +8, S&P +1) [CLOSE- OIL $105.77/ GOLD $913.20 / SILVER $17.75 / PLATINUM $2030.50 / DOLLAR= .63 EURO, 101 YEN, .501 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.65%]. JOB LOSSES A GREATER THAN EXPECTED 80,000 AND UNEMPLOYMENT RATE SPIKES TO 5.1%. CREDIT CARD DELINQUENCY RATES ROSE SHARPLY. ONE ANALYST SAYS BEAR MARKET/RECESSION AND ABOUT HALFWAY THROUGH AVERAGE LENGTH AND THAT INFLATION WILL BECOME A CONCERN RATHER QUICKLY, AND FOCUS ON COMPANIES THAT SELL WHAT YOU NEED VERSES WHAT YOU WANT. OIL ANALYST CITES FALLING DOLLAR, DRAW DOWN ON INVENTORIES, AND SAYS HIGHER OIL AND GAS PRICES. ONE ECONOMIST SAYS JOB LOSSES PART OF A LONGER TERM SLOW-DOWN, HOUSING AND CREDIT CRUNCH ALONG WITH CONTINUING SLUGGISHNESS IN THE ECONOMY. ANOTHER ECONOMIST POINTS TO STRUCTURAL PROBLEMS IN THE U.S. ECONOMY, IE., WEAK DOLLAR, LIQUIDITY PROBLEMS, ETC., RETURNS ON DOLLAR-DENOMINATED SECRITIES/INVESTMENTS DOWN WHILE THE RISK IS UP, AND SEVERE PROSPECTS FOR INFLATION (PARTICULARLY AND OWING TO HIGHER ENERGY/FOOD COSTS, ETC.)WHICH CONSTITUTES DILEMMA FOR THE FED. (4-3-08) (DOW +20, NASDAQ +1, S&P +1) [CLOSE- OIL $103.83/ GOLD $903 / SILVER $17.33 / PLATINUM $1,983 / DOLLAR= .63 EURO, 102 YEN, .501 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.60%]. UNEMPLOYMENT CLAIMS UP MUCH HIGHER THAN EXPECTED TO OVER 400,000 WHILE NON-VALUE ADDED SERVICE SECTOR UNEMPLOYMENT CLAIMS RISE SLIGHTLY LESS THAN EXPECTED, (4-2-08) (DOW -49, NASDAQ -1, S&P -3) [CLOSE- OIL $104.83/ GOLD $900.20 / SILVER $17.18 / PLATINUM $1,964.60 / DOLLAR= .63 EURO, 102 YEN, .503 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.60%]. DESPITE ECONOMISTS EXPECTATIONS OF FEWER NEW PRIVATE SECTOR JOBS, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYS BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET WITH A FIGURE IN EXCESS OF SAME (8,000). BERNANKE IN SOMBER TESTIMONY SAYS ECONOMY IN DIFFICULT PERIOD, PROSPECTS FOR GROWTH HAVE WORSENED, COULD BE CONTRACTION IN THE FIRST HALF (ALREADY IN RECESSION) WITH HIGH UNCERTAINTY AND RISK TO THE DOWNSIDE. BERNANKE SAYS RECESSION POSSIBLE (AP). DOLLAR DOWN SHARPLY. MORTGAGE APPLICATIONS DOWN. FACTORY ORDERS DOWN 1.3%. OIL PRICES SPIKE $3.85 TO $104.83. IMF SAYS U.S. ECONOMY GROWTH AT BEST ONE-HALF PERCENT OR DECLINE AND WORST ECONOMIC CRISIS SINCE GREAT DEPRESSION WITH WORLDWIDE SLOWING BUT NOT AS BAD AS U.S.. ONE ANALYST SAYS BUY DIPS, SELL RALLIES (SELL) BUT DON’T TRY TO CATCH FALLING KNIFE, METALS/COMMODITIES CORRECTION OVER AND NATURAL GAS TO GO HIGHER. AN ECONOMIST SAYS CONTRACTION IN GDP AND WALL STREET FRAUDS AWARE OF DIRE ECONOMIC CONDITIONS. ONE CONGRESSIONAL REP FROM LAND OF FRUITS AND NUTS REFERS TO SOMBER BERNANKE TESTIMONY OF NO GROWTH/CONTRACTION, 1 OF 2 HOMES ON MARKET IN FORECLOSURE, AND GAS PRICES AT ALL-TIME HIGH $3.62. THE OTHER FLAKEY/CORRUPT/INCOMPETENT CLINTONIAN HYPOCRITE FROM THE LAND OF FRUITS AND NUTS IS NOT WORTHY OF REFERENCE. (4-1-08) I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS’ FRAUDULENT BEAR MARKET RALLY/MODEST DROP RELATIVE TO REALITY (TAKE PROFITS). REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S.   ONE ANALYST/REPORTER/ JOURNALIST FROM INSIDE SOURCES PEGS THE SUB-PRIME DOLLAR VALUE OF THE SHILLED WORTHLESS PAPER AT $516 TRILLION (EVEN A PERCENTAGE OF SAME RENDERS THE PROBLEM UNFIXABLE-HENCE, CULPABLE PARTIES MUST BE HELD ACCOUNTABLE AND DISGORGE THEIR ILL-GOTTEN GAINS FROM, IE., COMMISSIONING WORTHLESS PAPER, TAKING A POINT HERE OR THERE AND FRAUDULENTLY PASSING SAME ON, AD INFINITUM, ETC.). Time to put the wall street among other corporate frauds in jail and require fines, penalties and disgorgement of their ill-gotten gains. WALL STREET’S PROGRAMMED TRADE FRAUD SHOULD BE PROSECUTED VIGOROUSLY AND HARSHLY AS THEY START NEW BUBBLE AND ABSENT PROSECUTION, IT IS THE PROSECUTORS WHO BEAR COMPLICITY IN THE FRAUD. [Please note: I seldom name analysts/reporters/journalists bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street. there appears to have been a somewhat silent protest from a failed newspaper living on fumes and past laurels and part of the controlled media which is part of america’s problem so i will disclose the very worthwhile daily one well spent hour radio program, ‘business hour’ on knx1070am hosted by Frank moTtek who’s no money honey but quite good at what he does and from which i gleen much of the paraphrased material/data].

(4-2-08) (DOW -49, NASDAQ -1, S&P -3) [CLOSE- OIL $104.83/ GOLD $900.20 / SILVER $17.18 / PLATINUM $1,964.60 / DOLLAR= .63 EURO, 102 YEN, .503 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.60%]. FAKE GOV’T/ETC. ELECTION YEAR REPORTS THAT EXCEED ECONOMISTS/ANALYSTS FORECAST/EXPECTATIONS (SUUUUURE-SAME OLD FRAUD). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN. eND OF FIRST QUARTER DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY. USA 2008: The Great Depression. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). 5 REASONS WHY THE FED HAS FAILED. DESPITE ECONOMISTS EXPECTATIONS OF FEWER NEW PRIVATE SECTOR JOBS, ADP, A JERSEY BASED COMPANY NOT UNFAMILIAR TO THE FRAUD/CRIME OF PLACING FAKE/NON-EXISTENT EMPLOYEES ON PAYROLLS TO FACILITATE (ILLEGAL/DRUG) MONEY LAUNDERING PLAYS BALL (I’M SURE FOR A PRICE/FAVOR) WITH THE FRAUDS ON WALL STREET WITH A FIGURE IN EXCESS OF SAME (8,000). BERNANKE IN SOMBER TESTIMONY SAYS ECONOMY IN DIFFICULT PERIOD, PROSPECTS FOR GROWTH HAVE WORSENED, COULD BE CONTRACTION IN THE FIRST HALF (ALREADY IN RECESSION) WITH HIGH UNCERTAINTY AND RISK TO THE DOWNSIDE. BERNANKE SAYS RECESSION POSSIBLE (AP). DOLLAR DOWN SHARPLY. MORTGAGE APPLICATIONS DOWN. FACTORY ORDERS DOWN 1.3%. OIL PRICES SPIKE $3.85 TO $104.83. IMF SAYS U.S. ECONOMY GROWTH AT BEST ONE-HALF PERCENT OR DECLINE AND WORST ECONOMIC CRISIS SINCE GREAT DEPRESSION WITH WORLDWIDE SLOWING BUT NOT AS BAD AS U.S.. ONE ANALYST SAYS BUY DIPS, SELL RALLIES (SELL) BUT DON’T TRY TO CATCH FALLING KNIFE, METALS/COMMODITIES CORRECTION OVER AND NATURAL GAS TO GO HIGHER. AN ECONOMIST SAYS CONTRACTION IN GDP AND WALL STREET FRAUDS AWARE OF DIRE ECONOMIC CONDITIONS. ONE CONGRESSIONAL REP FROM LAND OF FRUITS AND NUTS REFERS TO SOMBER BERNANKE TESTIMONY OF NO GROWTH/CONTRACTION, 1 OF 2 HOMES ON MARKET IN FORECLOSURE, AND GAS PRICES AT ALL-TIME HIGH $3.62. THE OTHER FLAKEY/CORRUPT/INCOMPETENT CLINTONIAN HYPOCRITE FROM THE LAND OF FRUITS AND NUTS IS NOT WORTHY OF REFERENCE. (4-1-08) I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS’ FRAUDULENT BEAR MARKET RALLY/MODEST DROP RELATIVE TO REALITY (TAKE PROFITS). REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S. ONE ANALYST/REPORTER/ JOURNALIST FROM INSIDE SOURCES PEGS THE SUB-PRIME DOLLAR VALUE OF THE SHILLED WORTHLESS PAPER AT $516 TRILLION (EVEN A PERCENTAGE OF SAME RENDERS THE PROBLEM UNFIXABLE-HENCE, CULPABLE PARTIES MUST BE HELD ACCOUNTABLE AND DISGORGE THEIR ILL-GOTTEN GAINS FROM, IE., COMMISSIONING WORTHLESS PAPER, TAKING A POINT HERE OR THERE AND FRAUDULENTLY PASSING SAME ON, AD INFINITUM, ETC.). Time to put the wall street among other corporate frauds in jail and require fines, penalties and disgorgement of their ill-gotten gains. WALL STREET’S PROGRAMMED TRADE FRAUD SHOULD BE PROSECUTED VIGOROUSLY AND HARSHLY AS THEY START NEW BUBBLE AND ABSENT PROSECUTION, IT IS THE PROSECUTORS WHO BEAR COMPLICITY IN THE FRAUD. [Please note: I seldom name analysts/reporters/journalists bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street].

(4-1-08) WALL STREET’S FRAUDULENT FOOLS’ FOOL’S DAY IS SO EGREGIOUS AND SO PREPOSTEROUS A FRAUD AND INSULT TO INTELLIGENCE (CRIMINAL AMERICA GENERALLY) TO SUCK SUCKERS IN THAT TO DISCUSS SAME IS THE HEIGHT OF ABSURDITY OTHER THAN TO SAY THE ECONOMIC DATA VIZ., CONSTRUCTION AND MANUFACTURING WAS DECIDEDLY NEGATIVE (BUT NOT AS BAD, THE MANTRA GOES, AS THEY EXPECTED…..RIIIIIGHT!…..), WALL STREET’S PROGRAMMED TRADE FRAUD SHOULD BE PROSECUTED VIGOROUSLY AND HARSHLY AS THEY START NEW BUBBLE AND ABSENT PROSECUTION, IT IS THE PROSECUTORS WHO BEAR COMPLICITY IN THE FRAUD. GREAT OPPORTUNITY TO SELL (TAKE PROFITS) WHILE YOU CAN. eND OF FIRST QUARTER AND DOW –8%, nASDAQ-14%, AND S&P-10%. WALL STREET IS A JOKE THAT IS NOT FUNNY. USA 2008: The Great Depression. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). 5 REASONS WHY THE FED HAS FAILED. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS’ FRAUDULENT BEAR MARKET RALLY (TAKE PROFITS). REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S. ONE ANALYST/REPORTER/ JOURNALIST FROM INSIDE SOURCES PEGS THE SUB-PRIME DOLLAR VALUE OF THE SHILLED WORTHLESS PAPER AT $516 TRILLION (EVEN A PERCENTAGE OF SAME RENDERS THE PROBLEM UNFIXABLE-HENCE, CULPABLE PARTIES MUST BE HELD ACCOUNTABLE AND DISGORGE THEIR ILL-GOTTEN GAINS FROM, IE., COMMISSIONING WORTHLESS PAPER, TAKING A POINT HERE OR THERE AND FRAUDULENTLY PASSING SAME ON, AD INFINITUM, ETC.). Time to put the wall street among other corporate frauds in jail and require fines, penalties and disgorgement of their ill-gotten gains. [Please note: I seldom name analysts/reporters/journalists bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street].

(3-31-08) (DOW +46, NASDAQ +17, S&P +7) [CLOSE- OIL $101.65/ GOLD $922 / SILVER $17.31 / PLATINUM $2,006 / DOLLAR= .63 EURO, 99 YEN, .503 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.41%]. eND OF FIRST QUARTER AND DOW –8%, nASDAQ-14%, AND S&P-10%. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). GREAT OPPORTUNITY TO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). 5 REASONS WHY THE FED HAS FAILED. MIDWEST MANUFACTURING INDEX AT 48.2 INDICATES CONTRACTION BUT LESS SEVERE THAN EXPECTED…..RIIIIIGHT…..PROPOSAL BY OF ALL PEOPLE A WALL STREET FRAUD NAMED PAULSON SEEKS TO ELIMINATE SEC BY MERGING INTO SLOTHLIKE COMMODITIES ARM WITH NET EFFECT OF NO ENFORCEMENT OF EXISTING LAWS/REGS AGAINST FRAUD WHICH IS NECESSARY (ALONG DISGORGEMENT OF THEIR FRAUDULENT GAINS BY THE WALL STREET PERPETRATORS) ACCORDING TO WELL RESPECTED ECONOMIST/ANALYST. THIS IS FIRST OVERALL SINCE GREAT DEPRESSION WHICH TELLS VOLUMES ABOUT THE SEVERITY OF THE CRISIS YET SOLVES NOTHING. ONE ANALYST SAYS EYES ON WRITEDOWNS TO COME. COMMENTATOR SAYS 1929 REVISITED YET REGS DO NOTHING BUT ELIMINATE PROTECTIONS ACCORDED BY sec. ANOTHER ECONOMIST/ANALYST/AUTHOR/PROFESSOR SAYS NO ONE KNOWS HOW DEEP/DARK/AND LENGTH OF CURRENT CRISIS, SO SEVERE REQUIRING EMERGENCY ACTION YET DOING NOTHING OF SUBSTANCE AND THAT DOLLAR/DOLLAR DENOMINATED SECURITIES/ASSETS ARE HIGH RISK AND RELATIVELY LOW RETURN. ANOTHER WELL RESPECTED ECONOMIST SAYS MUST USE EXISTING LAWS AGINST FRAUD, PROSECUTE, AND GO AFTER THE HEDGE FUNDS. 3-28-08 freddie mac economist says housing prices might continue to fall through 2010 as house prices fall 29%, orders for new homes down 75%, and housing starts fall 9% to 50 year low. kb homes registers $268 million loss and offers downbeat outlook on housing crisis while j.c. penny on retail end offers equally bad outlook and worse than expected quarterly results to come. consumer spending weakest in 17 months. fake core inflation report is also meaningless (excludes food and energy) at tepid 2%. consumer sentiment index at lowest since 1992, a 16 year low. frenzy over j.p.morgan memo on how to beef up income on mortgage applications. s&p economist says we’re in a recession and points to a very bumpy year ahead. one analyst says troubled market/economy to continue and shorts stocks, is long on metals, points to failed structured finance market, failed fed and globally recognized folly of helicopter ben (bernanke), property continue down, dollar continue downward slide, and bubble in emerging markets. one reporter examining financial newsletters says vast majority bleak, pessimistic in their outlook/forecasts. socal congressman says us hole getting bigger, deeper, and darker and regarding the fed, too little too late, kind of like his caleefornia. yet another analyst says we’re in a nationwide recession (he previously had called california’s recession but stopped short of nationwide), points to job losses, higher oil/gas prices, rising debt burdens and worse on wall street than main street, not optimistic on real estate as foreclosures and supply up with prices declining with early 2009 at best the trough, and that there are other financial institutions in similar situation to that of bear stearns. 3-27-08 GREAT OPPORTUNITY TO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). FOURTH QUARTER ECONOMIC GROWTH REVISED UPWARD TO ANEMIC .6% (RIIIIIGHT…..SO THEY WON’T HAVE TO USE THE R FOR REALITY WORD RECESSION). OIL UP ON SUPPLY CONCERNS AND DOLLAR DOWN SHARPLY. UNEMPLOYMENT CLAIMS AT HIGH 366,000 AND ORACLE DISAPPOINTS ON SALES AS MERRILL IS DOWNGRADED. ONE ANALYST SAYS LEHMAN (-9%) BEARS EERIE SIMILARITIES TO BEAR STEARNS, CITES SUBSTANTIAL NUMBER OF PUTS AND RUN ON BANKS WHICH WILL HELP FOREIGN BANKS (IE., SWISS, ETC.), ALSO CAUTIONS ON DRUG SECTOR/SIDE EFFECTS. OIL ANALYST EMPHASIZES $7 RUN IN TWO DAYS, BOMBING OF OIL SUPPLY LINE IN IRAQ, WEAKER DOLLAR, LIQUIDITY CRISIS, IRAQ VIOLENCE, LOWER REFINERY RUNS AND SAYS OIL/GAS PRICES HIGHER BEFORE LOWER. ONE ECONOMIST SAYS CREDIT CRISIS AND POINTS TO PURCHASING POWER FAILURE AS BORROWED FUNDS (IE., HOME EQUITY, ETC.) ARE DEPLETED AND WAGES LOWER, WHILE ANOTHER ECONOMIST WHO HAS ALREADY CALLED RECESSION SEES MORE REGULATION FOR TROUBLED INVESTMENT BANKS AS DISTINGUISHED FROM FDIC INSURED COMMERCIAL BANKS AND SAYS CREDIT CRUNCH WILL CONTINUE. AIRLINE COMMENTATOR/ANALYST CITES OLDER PLANES FOR PUBLICIZED PROBLEMS, SURCHARGES/HIGHER FUEL COSTS FOR HIGHER PRICES. 3-26-08 GREAT OPPORTUNITY TO SELL (TAKE PROFITS) IN WHAT REMAINS OF THIS SUCKERS’ BEAR MARKET RALLY AS THE WALL STREET SCAM UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). OIL UP ON SUPPLY CONCERNS AND DOLLAR DOWN SHARPLY. BANKING SECTOR DOWNGRADED CITING MORE WRITE-DOWNS AND –84% EARNINGS (CITI, ETC.). FACTORY ORDERS/DURABLES DOWN MORE THAN EXPECTED 1.75% AND NEW HOME SALES DOWN 1.8% ALONG WITH PRICE DECLINES (INCLUDING MEDIAN PRICE DECLINE). WSJ ARTICLE RAISES SPECTER OF FED BANKRUPTCY AND PUBLIC BAILOUT. ONE ANALYST CITES CITIBANK DIFFICULTIES, LBO TROUBLES (IE., CLEAR CHANNEL, ETC.), FED HOLDING JUNK PAPER, AND RECOMMENDS DEFENSIVE (IE., CONSUMER STAPLES, ETC.) POSTURE INCLUDING MULTINATIONALS WITH OVERSEAS EARNINGS (FAVORABLE CURRENCY TRANSLATION). OIL ANALYST SAYS RECORD OIL/ GAS PRICES (GAS UP ANOTHER 5-10 CENTS) AND CITES DECLINE IN REFINERY RUN, CONFLICT IN IRAQ, AND EUROPEAN CENTRAL BANK’S FIGHT AGAINST INFLATION/LOWER DOLLAR AND SAYS NATURAL GAS AN INTERESTING PLAY. ONE REPORTER CITES DROP IN GAS SUPPLIES AND FINANCIAL SECTOR WRITEDOWNS. R.E. ANALYST POINTS TO SO. CAL. 400% INCREASE IN FORECLOSURES AND SAYS NO IMPROVEMENT UNTIL AT LEAST LATE 2008/EARLY 2009. CURRENCY EXPERT SAYS FINANCIAL INSTITUTIONS WILL SURVIVE BUT WON’T BE LENDING, DOLLAR RISK TO THE DOWNSIDE, FED HOLDING BAD RESERVES, HOUSING MARKET TO CONTINUE DECLINE, AND FAVORS EURO. 3-25-08 GREAT OPPORTUNITY TO SELL (TAKE PROFITS) THIS SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE WHICH IS BASED UPON B**L S**T AND NOTHING BUT BAD ECONOMIC NEWS AS WALL STREET FRAUDS ATTEMPT TO WINDOW DRESS REALISTICALLY DISMAL FIRST QUARTER NUMBERS TO KEEP THE SUCKERS SUCKERED AND COMPUTERIZED PROGRAM TRADE COMMISSION DOLLARS FLOWING. DOLLAR DOWN SHARPLY. earnings downgrade for merrill lynch/financials and reluctance to take mark-to-market loss (prompted bear bailout) scuttles(?) clear channel deal. GOVERNMENT HIRING NEW (FDIC) BANK REGULATORS FOR INCREASING BANK FAILURES. S&P CASE SHILLER INDEX REGISTERS SHARPEST HOUSING PRICE DECLINE ON RECORD AT –11.4%, CONSUMER CONFIDENCE INDEX DOWN TO 5 YR. LOW OF 65 WHICH IS SUBSTANTIALLY BELOW EXPECTED 73, AND EXPECTATIONS INDEX AT LOWEST SINCE 1973. KEN SHREVE OF IBD POINTS TO VOLUME (COMMISSION GENERATING COMPUTERIZED PROGRAMMED TRADES SIMULATING DEMAND) AS A GOOD SIGN…RIIIIIGHT…CITES SELLING PRESSURE ON THE WAY UP AND SAYS WAIT AND SEE AS NEW LEADERSHIP DEVELOPS…RIIIIIGHT (WHICH TRANSLATED MEANS HE DOESN’T KNOW WHERE THIS IRRATIONALLY EXUBERANT MARKET IS GOING. S&P CASE SHILLER ANALYST/VP SAYS HOME PRICES IN DECLINE WHICH ACCELERATED IN THE LAST 6-9 MONTHS AND SEES –20%/TROUGH IN LATE 2008. R.E. ANALYST DOESN’T SEE BOTTOM PARTICULARLY IN SO. CALIFORNIA (IE., LA, SAN DIEGO, ETC.) (MIAMI, LAS VEGAS, PHOENIX VERY BAD). AN ECONOMIST SAYS ANOTHER YEAR OF DECLINES SINCE CONSUMER SPENDING/CONFIDENCE HAS WEAKENED SUBSTANTIALLY. CALIFORNIA BUREAUCRAT (THAT’S ALL THERE IS) SAYS TOUGH TIMES AHEAD, POINTS TO UPSIDE DOWN CONDITIONS (MORTGAGE LOANS GREATER THAN PROPERTY VALUES) AND SAYS HOUSE OF CARDS. ANOTHER ECONOMIST SAYS MORE EROSION ON THE PRICE SIDE,-20%, AND A WAYS TO GO. R.E. PROF. SAYS SLIDE TO CONTINUE UNTIL EXCESS SUPPLY IS CLEARED. 3-24-08 GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L S**T AND NO REAL ECONOMIC NEWS AS WALL STREET FRAUDS IN LAST DITCH EFFORT TO WINDOW DRESS REALISTICALLY DISMAL FIRST QUARTER NUMBERS TO KEEP THE SUCKERS SUCKERED AND COMPUTERIZED PROGRAM TRADE COMMISSION DOLLARS FLOWING. THE ELECTION-YEAR-INDUCED RALLY FAKE NEWS PUSHED BY THE WALL STREET FRAUDS IS A MEAGER TWO-FOLD; VIZ., EXISTING HOME SALES INCREASED (JAN.-FEB.) 2.9% EXCEEDING SUBSTANTIALLY ECONOMISTS’ PREDICTIONS AND J.P. MORGAN WILLING TO PAY $10 INSTEAD OF $2 PER SHARE FOR FAILED INVESTMENT BANK BEAR STEARNS. REALITY: INCREASED SALES DUE TO INCREASED FORECLOSURE SALES; PRICES DOWN 8.2%; MEDIAN HOME PRICE FELL MOST EVER ON RECORD; INCREASED BEAR MONEY TO PLACATE SHAREHOLDERS DESPERATE MOVE TO KEEP WORTHLESS SECURITIES FROM BEING DUMPED IN MARKET WHERE SAME CAN’T BE SOLD AND WHERE SUCH WOULD RESULT IN OTHER SUCH BEING MARKED TO MARKET (PENNIES ON A DOLLAR). ONE ANALYST SAYS NOTHING FUNDAMENTALLY HAS CHANGED, DAY TO DAY TRADING ON DAY’S NEWS AND TODAY A HAPPY (NON) NEWS DAY…RIIIIIGHT…AND RECOMMENDS FOR PROTECTION NON-U.S. ASSETS/SECURITIES, METALS, AND BIG CAP TECH/MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY TRANSLATION). AN ECONOMIST SAYS THE FED’S CONFUSING DEAL PROTECTS ITS OWN MONEY BY ESSENTIALLY PROVIDING A “BRIDGE LOAN” TO PREVENT THE WORTHLESS SECURITIES FROM BEING DUMPED WHERE THERE IS NO MARKET FOR SAME CAUSING FURTHER WRITEDOWNS across THE BOARD ON MARK TO MARKET. ANOTHER ANALYST EMPHASIZES DISFUNCTIONAL BANKING/CONTINUED WRITEDOWNS/LOSSES/BALANCE SHEET PROBLEMS FOR FINANCIAL INSTITUTIONS/WE’VE NOT SEEN THE BOTTOM, IN RECOMMENDING TAKING SOME PROFITS WITH ELECTION YEAR STIMULUS CREATING INFLATIONARY PROBLEMS, THOUGH STILL IN BEAR MARKET THE REAL DECLINE AND REAL RECESSION (WE’RE ALREADY IN RECESSION) TO COME POST ELECTION/2009 AND THE INTERMEDIATE TERM IS VERY SCARY. ONE R.E. ANALYST SAYS ONE THIRD OF EXISTING HOME SALES WERE FORECLOSURES WITH OVERSUPPLY OF PROPERTIES WHICH WILL TAKE A LONG TIME TO WORK OUT WHILE ANOTHER r.e. ANALYST SAYS YEARS TO WORK OUT WITH ONLY LIMITED IMPROVEMENT LATE 2009. 3-20-08 FULL MOON WITH OBVIOUS EFFECT ON LUNATIC WALL STREET FRAUDS. SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L S**T AND EXCEEDINGLY BAD ECONOMIC NEWS VIZ., UNEMPLOYMENT CLAIMS UP MUCH MORE THAN EXPECTED 22,000 TO HIGH 378,000, CREDIT SWISSE TO REVISE PREVIOUS YEARS PROFITS DOWN ON FURTHER WRITEDOWNS, PHILADELPHIA FED MANUFACTURING INDEX DOWN, AND LEADING ECONOMIC INDICATORS DOWN FOR FIFTH MONTH IN A ROW WHICH HAS ALWAYS SIGNALED/INDICATED/PRECEDED ECONOMIC DOWNTURN/CONTRACTION/RECESSION. ONE SOMEWHAT SENILE ANALYST WELCOMED THE MASSIVE AMOUNT OF FAKE/FIAT/PRINTED MONEY SAYING THE FINANCIALS WHICH HAVE LAGGED THE MARKET BY 20% WILL BE HELPED/INFLATED OUT OF THEIR DOLDRUMS (HYPERINFLATIONARY) BY SAME WHICH HE LIKES BECAUSE HE’S HEAVILY CONCENTRATED IN FINANCIALS (GREAT CALL) AND THAT THE MONEY HASN’T SHOWN UP YET BUT FAILS TO REALIZE THE U.S. HAS NEVER BEEN IN SUCH DIRE CIRCUMSTANCES ECONOMICALLY, FINANCIALLY, AND GEOPOLITICALLY AS NOW. A MORE RATIONAL VIEW BY ECONOMIST DR. IRVING KELLNER SAID STIMULUS THUS FAR TREATS SYMPTOMS WITH MERE BANDAIDS WHICH FAIL TO ADDRESS/CURE THE PROBLEM/CAUSE/DISEASE AND IS RATHER SIMPLISTIC TO A FAULT IN FOCUSING SOLELY ON HOUSING/REAL ESTATE VALUES ALTHOUGH CORRECTLY STATES THAT EASIER MONEY WILL NOT ENHANCE THE VALUE OF MORTGAGE-BACKED SECURITIES WHICH REMAIN INDETERMINANT, DOWN, OR GOING DOWN AND ADVOCATES DEPRESSION ERA APPROACH SINCE HE CORRECTLY STATES ECONOMY HAS ALREADY (DECEMBER, 2007 OR JANUARY, 2008) ENTERED THE WORST RECESSION OF THE POST-WAR ERA (DESPITE ELECTION YEAR SPIN). ANOTHER ANALYST SAYS THIS IS A SHORT-COVERING RALLY AND AN OPPORTUNITY TO SELL/TAKE PROFITS (i TOTALLY AGREE), THAT THE FED DESPERATION MOVES INCLUDING PRINTING DOLLARS LIKE MAD HAVE LED TO A DEBASEMENT OF THE U.S. CURRENCY AND THAT THE DOLLAR WILL CONTINUE TO GO LOWER, THAT TRILLIONS HAVE BEEN BORROWED BUT THAT THEY WILL BE UNSUCCESSFUL IN REINFLATING THE BUBBLE, THAT THE FINANCIAL CRISIS IS NO WHERE NEAR BEING OVER WITH MUCH MORE CARNAGE TO COME, AND RECOMMENDS BEING TOTALLY OUT OF THE DOLLAR INCLUDING DOLLAR DENOMINATED SECURITIES AND INTO OTHER FOREIGN CURRENCIES/SECURITIES. 3-19-08 MODEST DROP IN STOCKS RELATIVE TO REALITY. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). morgan stanley earnings down 40% but better than expected…..riiiiight…..on computerized bond/stock trading commissions. merrill lynch says more loan losses. one analyst says not much optimism regarding fed moves, deepening fears about economy, wall street stuck with a lot of stuff (ie., junk bonds, junk securities, junk derivatives, subprime mortgages, etc.) which can’t be sold except at firesale prices, avoid equities particularly small/midcaps, raise cash (taking profits/selling), looking for confirmation, entered recession in february but with inflation a very tough scenario. an oil analyst says commodity bubble bursting with profit-taking/path of least resistance but still record diesel at $4.21, record home heating oil $3.80 so wait and see. another analyst says emerging markets attractive relative to developed citing p/e multiple comparison but no save haven and points to further weakness in dollar relative to other currencies. metals analyst says rate cut less than expected and etfs (and computerized trading thereof) has propped demand. 3-18-08 Suckers’ bear market irrationally exuberant bubble rally on fed fear and trembling panic move TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). WHOLESALE/PRODUCER PRICES UP MORE THAN EXPECTED .3% WITH CORE RATE UP .5%. HOUSING STARTS DOWN 36% TO LOWEST LEVEL IN 17 YEARS. SHARPLY (MORE THAN 50%) LOWER EARNINGS AT GOLDMAN AND LEHMAN RALLIES THEIR STOCKS WITH FAMILIAR MANTRA ‘NOT AS BAD AS EXPECTED’…..RIIIIIGHT! DOLLAR DOWN AGAINST MOST CURRENCIES ON .75% PANIC CUT IN FED FUNDS RATE TO 2.25%. ONE ANALYST POINTS TO STRENGTH BY SECTOR, VIZ., FINANCIALS +8% (FOCUS OF THE BAILOUT), SMALL CAPS +5%, EMERGING MARKETS +5%, AND SAYS DOLLAR WILL BE BOTTOMING. AN OIL ANALYST SAYS OIL TO GO HIGHER WITH INFLUX OF SPECULATIVE NEW MONEY FROM RATE CUT. FORMER FED GOVERNOR GRAMLEY SAY WE’RE IN SERIOUS ECONOMIC CRISIS, IN RECESSION WITH ECONOMIC WEAKNESS SUFFICIENT TO MUTE DEMAND/SHARPER PRICE INCREASES, AND COMPARES ECONOMY TO CANCER PATIENT UNDERGOING NECESSARY CHEMOTHERAPY…..RIIIIIGHT….., FED HAS USED EMERGENCY POWERS NOT USED SINCE THE GREAT DEPRESSION BUT CAN’T RELY SOLELY ON THE FED. ANOTHER ANALYST TALKS IN TERMS OF TRADING ON A DAY-TO-DAY BASIS (FACT-THERE ARE HISTORICALLY VERY FEW SUCCESSFUL TRADERS), BELIEVES FED WENT TOO FAR WITH RATE CUT AND SEES SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP FOR METALS/OIL AND LARGE CAP TECH WITH OVERSEAS EARNINGS, BUT FURTHER CAUTIONS OWING TO NEGATIVE REAL INTEREST RATES (RATES LESS THAN INFLATION, RISK, ECONOMIC FACTORS/PREMIUMS). FINALLY, THINGS ARE SO HUNKY DORY THAT AS REPORTED BY CONTINENTAL COIN AND JEWELRY PEOPLE ARE PULLING THEIR TEETH, EXTRACTING AND SELLING THE GOLD. LOVELY! 3-17-08 LUNATIC/FRAUDS 200+ point computerized BUY PROGRAM suckers’ bear market/short-covering rally to the upside based upon nothing whatsoever that hasn’t already been discounted (ie., more rate cuts by fed in panic mode, etc.). I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). INDUSTRIAL PRODUCTION FELL A GREATER THAN EXPECTED ONE-HALF OF 1%. ONE ANALYST CITES NEW LOWS FOR DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY DISCOUNTED (.75%). ANOTHER ANALYST CITES WEAKER DOLLAR AND SLOWER ECONOMY IMPACTING DEMAND (IE., FOR GOODS, ETC., AND HENCE, COMMODITY PRICES, HENCE LOWER OIL PRICE THIS DAY), CITES THIS DAYS SHORT-COVERING RALLY AND RECOMEMMENDS MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY TRANSLATION) AND OVERSEAS NON-DOLLAR DENOMINATED SECURITIES (UTILITIES, ETC.). YET aNOTHER ECONOMIST/ANALYST CITES BUSINESS MODELS COMPARABLE TO BEAR STEARNS IN FINANCIAL SECTOR(PROBLEMS WITH HEDGE FUNDS/INVESTMENT BANKS) WHICH HAS PROVEN INABILITY TO MANAGE THEIR OWN AFFAIRS SAYING DEREGULATION A DISASTER AND REREGULATION A CURE, NO END TO FALL IN DOLLAR AS US BECOMES WORLD’S BEGGAR, AND RECOMMENDS NON-DOLLAR DENOMINATED SECURITIES (IE., EURO, SWISS FRANC, ETC., AND EMERGING FAR EAST MARKETS). aNOTHER MORE CALIFORNIA/SENILE, ANALYST/BROKER WHO LIKE OTHERS HAVE LOST SUBSTANTIAL MONIES FOR CLIENTS CITES LACK OF OF TRANSPARENCY AS VALUE OF HIS BUYS AND HOLDS CONTINUES TO FALL WITH DOLLAR BUT TALKS SOME SPECULATIVE BUYS AND CASH. A FINANCIAL TIMES EDITOR SAYS NO BOTTOM YET, THAT BY HISTORICAL STANDARDS THE SCENARIO IS QUITE BAD FOR THE US, THAT BEAR STEARNS WAS NOT ALONE AMONG US FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS EXPECTING 1% PANIC CUT BY FED, AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08 early surge based on false benign inflation report (showing no change in retail inflation) from the government gives way to reality that they can’t cover up/lie about (despite intra-day suckers rally) when there is a run on large wall street investment bank bear stearns (first such since the great depression) which cites liquidity crisis as ny fed and jp morgan intervene with 28 day loan as bear is holding high risk (worthless) assets which are illiquid (thinly traded/can’t be sold) as reserves (they are not alone in this regard among the frauds on wallstreet, etc., and only 2 days ago bear said balance sheet stable), all time lows for the dollar, wsj reports majority of economists think we’re in recession, michigan (non-washington non-fed gov’t report) sentiment index at new 16 year low. One ANALYST SAYS DOLLAR WEAKNESS/LOWER YIELDS/ECONOMIC CONCERNS WILL CONTINUE DOWNWARD TREND, INFLATION REPORT SURPRISE/FOOLISH AND HIGHER INFLATION NUMBER FOR MARCH, CRESCENDO OF BAD NEWS IN COMING WEEK AND LOOK FOR NEW LOWS/BOTTOM(?). OIL ANALYST CITES WEAK DOLLAR/EASY MONEY FLOWS AND SAYS LOOK FOR OIL AT $120-$125. ANOTHER ANALYST SAYS ITS TOO LATE FOR FED TO TURN THIS WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN AROUND WITH BEAR ANOTHER $35-$70 BILLION BAD AND WHAT AFTER 28 DAY LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08 SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND POORS ANALYST SAYS THE END OF WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT (WHICH IS LIKE THAT BROKER WHO SELLS STOCKS FOR A LIVING SAYING HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP)…RIIIIIGHT….. WHICH IS MEANINGLESS COMING FROM STANDARD AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD) ALONG WITH THE FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES ON THE BOOKS WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK BONDS, ASSETS, ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION (EVEN DESPITE ELECTION YEAR GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE THAN EXPECTED .6%, FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY. ONE ANALYST SAYS CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY AS DID S&P THAT WE’RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE AS STOCKS CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS’ NEED FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR GROCERIES, ETC.), FED LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING AT EXORBITANT 27% PER ANNUM, CITING ECONOMIST FRIEDMAN SAYS HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS AND NUTS ECONOMISTS WHO THIS DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN 17.6%, SALES DOWN 40-45%, AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET DEFICITS ACROSS THE BOARD). 3-12-08 VERY MODEST DROP IN STOCKS RELATIVE TO REALITY, DOLLAR DOWN SHARPLY ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE ANALYST/BROKER WHO SELLS STOCKS FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT THIS IS WORST R.E. DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS WORSE TO COME IN BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH OIL PRICES ARE HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO GOODS (AS IE., OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD DOLLARS/DOLLAR DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS NATIONWIDE WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO FROM LENDER OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS WORRISOME/TROUBLESOME. 3-11-08 Suckers’ bear market irrationally exuberant new EPHEMERAL bubble rally on fed fear and trembling panic move TO ADD $200 BILLION IN WORLDWIDE LIQUIDITY BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY (WORTHLESS SUBPRIME COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS FUNNY-MONEY (U.S. DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S. TALKING POINT BUT JUST A DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE UNDISCLOSED WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE WITH A NEW BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY EFFECTS OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND MORE BAD NEWS TO COME IN TECH SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE TO COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN, TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS. 3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY, NEW BANK DOWNGRADES, MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS ALREADY IN RECESSION, EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR THAT BEAR STERNS WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN, EARNINGS ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST SAYS (HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT OF THE FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE, CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS DID BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE AND THAT MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE DOLLAR AND U.S. STOCKS. 3-7-08 BAD EMPLOYMENT/JOBS DATA across ALL SECTORS AS 63,000 JOBS LOST WITH DOWNWARD REVISIONS TO DECEMBER AND JANUARY (ACTUALLY LOST 20,000) JOBS NUMBERS, ONE ANALYST SAYS WE’RE IN A RECESSION WHILE MORE ECONOMISTS SAY RECESSION WITH ONE STATING THAT YOU ALMOST NEVER SEE BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT WITHOUT RECESSION AS NOW, DOLLAR AT NEW RECORD LOWS, CONSUMERS INCREASED BORROWING TO STAY AFLOAT, WASHINGTON MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS BROKEN TO THE DOWNSIDE, sentiment- 85% believe things will get worse. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. 23% INCREASE IN FORECLOSURES IN FOURTH QUARTER NEW RECORD HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0 OR NEGATIVE EQUITY, MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT ALL-TIME HIGH AND GOING HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH FORECLOSURES AND DEFAULTS UP, ONE ANALYST SAYS MARKET WILL TEST NEW LOWS/SUPPORT LEVELS WITH FLIGHT TO “QUALITY”/TREASURIES, LENDER THORNBURG DEFAULTS AND ALONG WITH WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR UNEMPLOYMENT AT HIGH LEVELS MEANS COMPANIES SHRINKING, IGNORE KNEE-JERK ELECTION YEAR GOVERNMENT HUNKY DORY FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED BEIGE BOOK CITES ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR, LABOR COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET, ONE ANALYST SAYS TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS EARNINGS (FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO TUNE OF $1.5 BILLION/DILUTION AND SHARES FALL $2 TO $8.70, OIL ANALYST CITES DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL AND WEAK DOLLAR AND TOP $108-$110 BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT AND MORE RECORD HIGH GAS PRICES TO COME, ANOTHER ECONOMIST/ANALYST SAYS CONTINUED DECLINE IN REAL ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL DESERVED PESSIMISM/CREDIT CRUNCH. 3-4-08 Suckers’ bear market rally into the close based on b**l s**t alone, viz., rumor/speculation about yet another bailout for wall street/ambac/bond insurers and over 200 point swing to the upside based on nothing whatsoever, one economist/analyst notes this is the deepest housing decline since great depression, bernanke says another spike in foreclosures ahead and proposes reduction of principal amounts in existing loans (sounds like a plan…..riiiiight!), ken shreve finance editor investors business daily says bear market 6-9 months/ don’t try to catch a falling knife as institutions still selling/keep money safe in 3% money market for time being, one oil analyst says oil higher before lower as expected rate cut will further weaken dollar and drive up oil/commodities prices and problems in consumer debt in addition to mortgages and nobody wants to hold dollars, 3-3-08 Suckers’ bear market rally into the close, yes we are in a recession from someone who unlike the frauds on wall street has read security analysis by graham, dodd, and cottle and understands it (warren buffet), all news negative, ie., ism manufacturing index down to 48.3 (contraction), car sales down at gm (-12%) and ford (-7%), construction spending down most in 14 years, oil analysts point to the new highs while economist/analyst says dollar has fallen through all support levels meaning more bottoms to come, INFLATION OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN EXPECTED WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER CONFIDENCE/SENTIMENT DOWN SHARPLY, CHICAGO MANUFACTURING INDEX DOWN INDICATING CONTRACTION, $5.29 BILLION LOSS FOR AIG ON WRITEOFFS, INTRA DAY HIGH FOR OIL OVER $103, INFLATION/WEAK DOLLAR/ECONOMIC WEAKNESS=STAGFLATION, FOURTH MONTHLY DECLINE IN A ROW FOR STOCK MARKET, ONE ECONOMIST/ANALYST IF NOT THEN ALMOST IN RECESSION WITH WORSE INFLATION NEWS AND INFLATION ADJUSTED INCOME/SPENDING FLAT, ANOTHER ECONOMIST/ANALYST SAYS RECESSION AND CITES NEGATIVE SAVINGS RATE AND FURTHER ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED ECONOMIC WEAKNESS WITH FURTHER DOLLAR DECLINE SO BULLISH ON METALS AND BEARISH ON STOCKS, AND YET ANOTHER ECONOMIST/ANALYST SAYS INFLATION/RECESSION BUT NOT DEPRESSION…..RIIIIIGHT, GDP GROWTH REPORTED MUCH LESS THAN EXPECTED (BUT CLOSER TO REALITY) AT MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP 19,000 TO 373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER WORSE OFF THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER ECONOMIST/ANALYST SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET, YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER GROWTH (STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY RECESSION TO BRING DOWN INFLATION, new record LOW FOR DOLLAR AGAINST EURO AND SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY CANADIAN LOONEY, ETC.) WHICH ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY AS OIL SEES NEW INTRADAY HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE THAN EXPECTED 5.3%, BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION PROMISES RATE CUTS FOR NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS AS THEIR OWN INSURERS INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT SPENDING INCREASES INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90% YEAR OVER YEAR, REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57% IN JANUARY, WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE 4+%), 9% DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW, ELECTION YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS LIKE MAD WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.) WHICH IS HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER MONEY/FISCAL PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST SAYS IN BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH, DR. SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT TO ENTER RECESSION (that’s already here), Stiglitz Blames Greenspan For Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING AND SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL PRICE RALLY CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE, FOOD PRICES UP 6% ON ETHANOL CROWD-OUT, HOME SALES DOWN 5.5% / MEDIAN SALES PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES FALLING AND FORECLOSURES RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS FELL FOR FOURTH MONTH IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX UNEXPECTEDLY AND SIGNIFICANTLY LOWER (The Philadelphia Manufacturing Index fell to a -24, indicating a sharp contraction in the region's manufacturing activity. Economists had anticipated a reading of -10, a less pronounced contraction. Last month the reading came in at -20.9.), ONE ECONOMIST/ANALYST SAYS SIGNIFICANT INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED DEFLATION OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10% AND ANOTHER DECLINE OF 15-20% TO COME. SUCKERS’ BEAR MARKET RALLY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING(3-31-08) (DOW +46, NASDAQ +17, S&P +7) [CLOSE- OIL $101.65/ GOLD $922 / SILVER $17.31 / PLATINUM $2,006 / DOLLAR= .63 EURO, 99 YEN, .503 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.41%]. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS). REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S. ONE ANALYST/REPORTER/ JOURNALIST FROM INSIDE SOURCES PEGS THE SUB-PRIME DOLLAR VALUE OF THE SHILLED WORTHLESS PAPER AT $516 TRILLION (EVEN A PERCENTAGE OF SAME RENDERS THE PROBLEM UNFIXABLE-HENCE, CULPABLE PARTIES MUST BE HELD ACCOUNTABLE AND DISGORGE THEIR ILL-GOTTEN GAINS FROM, IE., COMMISSIONING WORTHLESS PAPER, TAKING A POINT HERE OR THERE AND FRAUDULENTLY PASSING SAME ON, AD INFINITUM, ETC.). Time to put the wall street among other corporate frauds in jail and require fines, penalties and disgorgement of their ill-gotten gains. [Please note: I seldom name analysts/reporters/journalists bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street].

(3-28-08) (DOW -86, NASDAQ -20, S&P –10.5) [CLOSE- OIL $105.62/ GOLD $930.60 / SILVER $17.94 / PLATINUM $2,020 / DOLLAR= .63 EURO, 98 YEN, .4979 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.44%]. GREAT OPPORTUNITY TO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). 5 REASONS WHY THE FED HAS FAILED. freddie mac economist says housing prices might continue to fall through 2010 as house prices fall 29%, orders for new homes down 75%, and housing starts fall 9% to 50 year low. kb homes registers $268 million loss and offers downbeat outlook on housing crisis while j.c. penny on retail end offers equally bad outlook and worse than expected quarterly results to come. consumer spending weakest in 17 months. fake core inflation report is also meaningless (excludes food and energy) at tepid 2%. consumer sentiment index at lowest since 1992, a 16 year low. frenzy over j.p.morgan memo on how to beef up income on mortgage applications. s&p economist says we’re in a recession and points to a very bumpy year ahead. one analyst says troubled market/economy to continue and shorts stocks, is long on metals, points to failed structured finance market, failed fed and globally recognized folly of helicopter ben (bernanke), property continue down, dollar continue downward slide, and bubble in emerging markets. one reporter examining financial newsletters says vast majority bleak, pessimistic in their outlook/forecasts. socal congressman says us hole getting bigger, deeper, and darker and regarding the fed, too little too late, kind of like his caleefornia. yet another analyst says we’re in a nationwide recession (he previously had called california’s recession but stopped short of nationwide), points to job losses, higher oil/gas prices, rising debt burdens and worse on wall street than main street, not optimistic on real estate as foreclosures and supply up with prices declining with early 2009 at best the trough, and that there are other financial institutions in similar situation to that of bear stearns. 3-27-08 GREAT OPPORTUNITY TO SELL (TAKE PROFITS) AS THE WALL STREET SCAM IS UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). FOURTH QUARTER ECONOMIC GROWTH REVISED UPWARD TO ANEMIC .6% (RIIIIIGHT…..SO THEY WON’T HAVE TO USE THE R FOR REALITY WORD RECESSION). OIL UP ON SUPPLY CONCERNS AND DOLLAR DOWN SHARPLY. UNEMPLOYMENT CLAIMS AT HIGH 366,000 AND ORACLE DISAPPOINTS ON SALES AS MERRILL IS DOWNGRADED. ONE ANALYST SAYS LEHMAN (-9%) BEARS EERIE SIMILARITIES TO BEAR STEARNS, CITES SUBSTANTIAL NUMBER OF PUTS AND RUN ON BANKS WHICH WILL HELP FOREIGN BANKS (IE., SWISS, ETC.), ALSO CAUTIONS ON DRUG SECTOR/SIDE EFFECTS. OIL ANALYST EMPHASIZES $7 RUN IN TWO DAYS, BOMBING OF OIL SUPPLY LINE IN IRAQ, WEAKER DOLLAR, LIQUIDITY CRISIS, IRAQ VIOLENCE, LOWER REFINERY RUNS AND SAYS OIL/GAS PRICES HIGHER BEFORE LOWER. ONE ECONOMIST SAYS CREDIT CRISIS AND POINTS TO PURCHASING POWER FAILURE AS BORROWED FUNDS (IE., HOME EQUITY, ETC.) ARE DEPLETED AND WAGES LOWER, WHILE ANOTHER ECONOMIST WHO HAS ALREADY CALLED RECESSION SEES MORE REGULATION FOR TROUBLED INVESTMENT BANKS AS DISTINGUISHED FROM FDIC INSURED COMMERCIAL BANKS AND SAYS CREDIT CRUNCH WILL CONTINUE. AIRLINE COMMENTATOR/ANALYST CITES OLDER PLANES FOR PUBLICIZED PROBLEMS, SURCHARGES/HIGHER FUEL COSTS FOR HIGHER PRICES. 3-26-08 GREAT OPPORTUNITY TO SELL (TAKE PROFITS) IN WHAT REMAINS OF THIS SUCKERS’ BEAR MARKET RALLY AS THE WALL STREET SCAM UNEARTHED BY REVELATION THAT OF 9 INVESTMENT VEHICLES S&P (MAJORITY OF 401K HOLDINGS, ETC.) WAS WORST PERFORMER (1% OR LESS AND IF YOU FACTOR IN DECLINING DOLLAR, NEGATIVE RELATIVE TO NON-DOLLAR DENOMINATED ALTERNATIVES OVER DECADE). OIL UP ON SUPPLY CONCERNS AND DOLLAR DOWN SHARPLY. BANKING SECTOR DOWNGRADED CITING MORE WRITE-DOWNS AND –84% EARNINGS (CITI, ETC.). FACTORY ORDERS/DURABLES DOWN MORE THAN EXPECTED 1.75% AND NEW HOME SALES DOWN 1.8% ALONG WITH PRICE DECLINES (INCLUDING MEDIAN PRICE DECLINE). WSJ ARTICLE RAISES SPECTER OF FED BANKRUPTCY AND PUBLIC BAILOUT. ONE ANALYST CITES CITIBANK DIFFICULTIES, LBO TROUBLES (IE., CLEAR CHANNEL, ETC.), FED HOLDING JUNK PAPER, AND RECOMMENDS DEFENSIVE (IE., CONSUMER STAPLES, ETC.) POSTURE INCLUDING MULTINATIONALS WITH OVERSEAS EARNINGS (FAVORABLE CURRENCY TRANSLATION). OIL ANALYST SAYS RECORD OIL/ GAS PRICES (GAS UP ANOTHER 5-10 CENTS) AND CITES DECLINE IN REFINERY RUN, CONFLICT IN IRAQ, AND EUROPEAN CENTRAL BANK’S FIGHT AGAINST INFLATION/LOWER DOLLAR AND SAYS NATURAL GAS AN INTERESTING PLAY. ONE REPORTER CITES DROP IN GAS SUPPLIES AND FINANCIAL SECTOR WRITEDOWNS. R.E. ANALYST POINTS TO SO. CAL. 400% INCREASE IN FORECLOSURES AND SAYS NO IMPROVEMENT UNTIL AT LEAST LATE 2008/EARLY 2009. CURRENCY EXPERT SAYS FINANCIAL INSTITUTIONS WILL SURVIVE BUT WON’T BE LENDING, DOLLAR RISK TO THE DOWNSIDE, FED HOLDING BAD RESERVES, HOUSING MARKET TO CONTINUE DECLINE, AND FAVORS EURO. 3-25-08 GREAT OPPORTUNITY TO SELL (TAKE PROFITS) THIS SUCKERS’ BEAR MARKET RALLY INTO THE CLOSE WHICH IS BASED UPON B**L S**T AND NOTHING BUT BAD ECONOMIC NEWS AS WALL STREET FRAUDS ATTEMPT TO WINDOW DRESS REALISTICALLY DISMAL FIRST QUARTER NUMBERS TO KEEP THE SUCKERS SUCKERED AND COMPUTERIZED PROGRAM TRADE COMMISSION DOLLARS FLOWING. DOLLAR DOWN SHARPLY. earnings downgrade for merrill lynch/financials and reluctance to take mark-to-market loss (prompted bear bailout) scuttles(?) clear channel deal. GOVERNMENT HIRING NEW (FDIC) BANK REGULATORS FOR INCREASING BANK FAILURES. S&P CASE SHILLER INDEX REGISTERS SHARPEST HOUSING PRICE DECLINE ON RECORD AT –11.4%, CONSUMER CONFIDENCE INDEX DOWN TO 5 YR. LOW OF 65 WHICH IS SUBSTANTIALLY BELOW EXPECTED 73, AND EXPECTATIONS INDEX AT LOWEST SINCE 1973. KEN SHREVE OF IBD POINTS TO VOLUME (COMMISSION GENERATING COMPUTERIZED PROGRAMMED TRADES SIMULATING DEMAND) AS A GOOD SIGN…RIIIIIGHT…CITES SELLING PRESSURE ON THE WAY UP AND SAYS WAIT AND SEE AS NEW LEADERSHIP DEVELOPS…RIIIIIGHT (WHICH TRANSLATED MEANS HE DOESN’T KNOW WHERE THIS IRRATIONALLY EXUBERANT MARKET IS GOING. S&P CASE SHILLER ANALYST/VP SAYS HOME PRICES IN DECLINE WHICH ACCELERATED IN THE LAST 6-9 MONTHS AND SEES –20%/TROUGH IN LATE 2008. R.E. ANALYST DOESN’T SEE BOTTOM PARTICULARLY IN SO. CALIFORNIA (IE., LA, SAN DIEGO, ETC.) (MIAMI, LAS VEGAS, PHOENIX VERY BAD). AN ECONOMIST SAYS ANOTHER YEAR OF DECLINES SINCE CONSUMER SPENDING/CONFIDENCE HAS WEAKENED SUBSTANTIALLY. CALIFORNIA BUREAUCRAT (THAT’S ALL THERE IS) SAYS TOUGH TIMES AHEAD, POINTS TO UPSIDE DOWN CONDITIONS (MORTGAGE LOANS GREATER THAN PROPERTY VALUES) AND SAYS HOUSE OF CARDS. ANOTHER ECONOMIST SAYS MORE EROSION ON THE PRICE SIDE,-20%, AND A WAYS TO GO. R.E. PROF. SAYS SLIDE TO CONTINUE UNTIL EXCESS SUPPLY IS CLEARED. 3-24-08 GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L S**T AND NO REAL ECONOMIC NEWS AS WALL STREET FRAUDS IN LAST DITCH EFFORT TO WINDOW DRESS REALISTICALLY DISMAL FIRST QUARTER NUMBERS TO KEEP THE SUCKERS SUCKERED AND COMPUTERIZED PROGRAM TRADE COMMISSION DOLLARS FLOWING. THE ELECTION-YEAR-INDUCED RALLY FAKE NEWS PUSHED BY THE WALL STREET FRAUDS IS A MEAGER TWO-FOLD; VIZ., EXISTING HOME SALES INCREASED (JAN.-FEB.) 2.9% EXCEEDING SUBSTANTIALLY ECONOMISTS’ PREDICTIONS AND J.P. MORGAN WILLING TO PAY $10 INSTEAD OF $2 PER SHARE FOR FAILED INVESTMENT BANK BEAR STEARNS. REALITY: INCREASED SALES DUE TO INCREASED FORECLOSURE SALES; PRICES DOWN 8.2%; MEDIAN HOME PRICE FELL MOST EVER ON RECORD; INCREASED BEAR MONEY TO PLACATE SHAREHOLDERS DESPERATE MOVE TO KEEP WORTHLESS SECURITIES FROM BEING DUMPED IN MARKET WHERE SAME CAN’T BE SOLD AND WHERE SUCH WOULD RESULT IN OTHER SUCH BEING MARKED TO MARKET (PENNIES ON A DOLLAR). ONE ANALYST SAYS NOTHING FUNDAMENTALLY HAS CHANGED, DAY TO DAY TRADING ON DAY’S NEWS AND TODAY A HAPPY (NON) NEWS DAY…RIIIIIGHT…AND RECOMMENDS FOR PROTECTION NON-U.S. ASSETS/SECURITIES, METALS, AND BIG CAP TECH/MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY TRANSLATION). AN ECONOMIST SAYS THE FED’S CONFUSING DEAL PROTECTS ITS OWN MONEY BY ESSENTIALLY PROVIDING A “BRIDGE LOAN” TO PREVENT THE WORTHLESS SECURITIES FROM BEING DUMPED WHERE THERE IS NO MARKET FOR SAME CAUSING FURTHER WRITEDOWNS across THE BOARD ON MARK TO MARKET. ANOTHER ANALYST EMPHASIZES DISFUNCTIONAL BANKING/CONTINUED WRITEDOWNS/LOSSES/BALANCE SHEET PROBLEMS FOR FINANCIAL INSTITUTIONS/WE’VE NOT SEEN THE BOTTOM, IN RECOMMENDING TAKING SOME PROFITS WITH ELECTION YEAR STIMULUS CREATING INFLATIONARY PROBLEMS, THOUGH STILL IN BEAR MARKET THE REAL DECLINE AND REAL RECESSION (WE’RE ALREADY IN RECESSION) TO COME POST ELECTION/2009 AND THE INTERMEDIATE TERM IS VERY SCARY. ONE R.E. ANALYST SAYS ONE THIRD OF EXISTING HOME SALES WERE FORECLOSURES WITH OVERSUPPLY OF PROPERTIES WHICH WILL TAKE A LONG TIME TO WORK OUT WHILE ANOTHER r.e. ANALYST SAYS YEARS TO WORK OUT WITH ONLY LIMITED IMPROVEMENT LATE 2009. 3-20-08 FULL MOON WITH OBVIOUS EFFECT ON LUNATIC WALL STREET FRAUDS. SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET/SHORT-COVERING RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L S**T AND EXCEEDINGLY BAD ECONOMIC NEWS VIZ., UNEMPLOYMENT CLAIMS UP MUCH MORE THAN EXPECTED 22,000 TO HIGH 378,000, CREDIT SWISSE TO REVISE PREVIOUS YEARS PROFITS DOWN ON FURTHER WRITEDOWNS, PHILADELPHIA FED MANUFACTURING INDEX DOWN, AND LEADING ECONOMIC INDICATORS DOWN FOR FIFTH MONTH IN A ROW WHICH HAS ALWAYS SIGNALED/INDICATED/PRECEDED ECONOMIC DOWNTURN/CONTRACTION/RECESSION. ONE SOMEWHAT SENILE ANALYST WELCOMED THE MASSIVE AMOUNT OF FAKE/FIAT/PRINTED MONEY SAYING THE FINANCIALS WHICH HAVE LAGGED THE MARKET BY 20% WILL BE HELPED/INFLATED OUT OF THEIR DOLDRUMS (HYPERINFLATIONARY) BY SAME WHICH HE LIKES BECAUSE HE’S HEAVILY CONCENTRATED IN FINANCIALS (GREAT CALL) AND THAT THE MONEY HASN’T SHOWN UP YET BUT FAILS TO REALIZE THE U.S. HAS NEVER BEEN IN SUCH DIRE CIRCUMSTANCES ECONOMICALLY, FINANCIALLY, AND GEOPOLITICALLY AS NOW. A MORE RATIONAL VIEW BY ECONOMIST DR. IRVING KELLNER SAID STIMULUS THUS FAR TREATS SYMPTOMS WITH MERE BANDAIDS WHICH FAIL TO ADDRESS/CURE THE PROBLEM/CAUSE/DISEASE AND IS RATHER SIMPLISTIC TO A FAULT IN FOCUSING SOLELY ON HOUSING/REAL ESTATE VALUES ALTHOUGH CORRECTLY STATES THAT EASIER MONEY WILL NOT ENHANCE THE VALUE OF MORTGAGE-BACKED SECURITIES WHICH REMAIN INDETERMINANT, DOWN, OR GOING DOWN AND ADVOCATES DEPRESSION ERA APPROACH SINCE HE CORRECTLY STATES ECONOMY HAS ALREADY (DECEMBER, 2007 OR JANUARY, 2008) ENTERED THE WORST RECESSION OF THE POST-WAR ERA (DESPITE ELECTION YEAR SPIN). ANOTHER ANALYST SAYS THIS IS A SHORT-COVERING RALLY AND AN OPPORTUNITY TO SELL/TAKE PROFITS (i TOTALLY AGREE), THAT THE FED DESPERATION MOVES INCLUDING PRINTING DOLLARS LIKE MAD HAVE LED TO A DEBASEMENT OF THE U.S. CURRENCY AND THAT THE DOLLAR WILL CONTINUE TO GO LOWER, THAT TRILLIONS HAVE BEEN BORROWED BUT THAT THEY WILL BE UNSUCCESSFUL IN REINFLATING THE BUBBLE, THAT THE FINANCIAL CRISIS IS NO WHERE NEAR BEING OVER WITH MUCH MORE CARNAGE TO COME, AND RECOMMENDS BEING TOTALLY OUT OF THE DOLLAR INCLUDING DOLLAR DENOMINATED SECURITIES AND INTO OTHER FOREIGN CURRENCIES/SECURITIES. 3-19-08 MODEST DROP IN STOCKS RELATIVE TO REALITY. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). morgan stanley earnings down 40% but better than expected…..riiiiight…..on computerized bond/stock trading commissions. merrill lynch says more loan losses. one analyst says not much optimism regarding fed moves, deepening fears about economy, wall street stuck with a lot of stuff (ie., junk bonds, junk securities, junk derivatives, subprime mortgages, etc.) which can’t be sold except at firesale prices, avoid equities particularly small/midcaps, raise cash (taking profits/selling), looking for confirmation, entered recession in february but with inflation a very tough scenario. an oil analyst says commodity bubble bursting with profit-taking/path of least resistance but still record diesel at $4.21, record home heating oil $3.80 so wait and see. another analyst says emerging markets attractive relative to developed citing p/e multiple comparison but no save haven and points to further weakness in dollar relative to other currencies. metals analyst says rate cut less than expected and etfs (and computerized trading thereof) has propped demand. 3-18-08 Suckers’ bear market irrationally exuberant bubble rally on fed fear and trembling panic move TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). WHOLESALE/PRODUCER PRICES UP MORE THAN EXPECTED .3% WITH CORE RATE UP .5%. HOUSING STARTS DOWN 36% TO LOWEST LEVEL IN 17 YEARS. SHARPLY (MORE THAN 50%) LOWER EARNINGS AT GOLDMAN AND LEHMAN RALLIES THEIR STOCKS WITH FAMILIAR MANTRA ‘NOT AS BAD AS EXPECTED’…..RIIIIIGHT! DOLLAR DOWN AGAINST MOST CURRENCIES ON .75% PANIC CUT IN FED FUNDS RATE TO 2.25%. ONE ANALYST POINTS TO STRENGTH BY SECTOR, VIZ., FINANCIALS +8% (FOCUS OF THE BAILOUT), SMALL CAPS +5%, EMERGING MARKETS +5%, AND SAYS DOLLAR WILL BE BOTTOMING. AN OIL ANALYST SAYS OIL TO GO HIGHER WITH INFLUX OF SPECULATIVE NEW MONEY FROM RATE CUT. FORMER FED GOVERNOR GRAMLEY SAY WE’RE IN SERIOUS ECONOMIC CRISIS, IN RECESSION WITH ECONOMIC WEAKNESS SUFFICIENT TO MUTE DEMAND/SHARPER PRICE INCREASES, AND COMPARES ECONOMY TO CANCER PATIENT UNDERGOING NECESSARY CHEMOTHERAPY…..RIIIIIGHT….., FED HAS USED EMERGENCY POWERS NOT USED SINCE THE GREAT DEPRESSION BUT CAN’T RELY SOLELY ON THE FED. ANOTHER ANALYST TALKS IN TERMS OF TRADING ON A DAY-TO-DAY BASIS (FACT-THERE ARE HISTORICALLY VERY FEW SUCCESSFUL TRADERS), BELIEVES FED WENT TOO FAR WITH RATE CUT AND SEES SIGNIFICANT PROBLEM WITH INFLATION, THUMBS UP FOR METALS/OIL AND LARGE CAP TECH WITH OVERSEAS EARNINGS, BUT FURTHER CAUTIONS OWING TO NEGATIVE REAL INTEREST RATES (RATES LESS THAN INFLATION, RISK, ECONOMIC FACTORS/PREMIUMS). FINALLY, THINGS ARE SO HUNKY DORY THAT AS REPORTED BY CONTINENTAL COIN AND JEWELRY PEOPLE ARE PULLING THEIR TEETH, EXTRACTING AND SELLING THE GOLD. LOVELY! 3-17-08 LUNATIC/FRAUDS 200+ point computerized BUY PROGRAM suckers’ bear market/short-covering rally to the upside based upon nothing whatsoever that hasn’t already been discounted (ie., more rate cuts by fed in panic mode, etc.). I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). INDUSTRIAL PRODUCTION FELL A GREATER THAN EXPECTED ONE-HALF OF 1%. ONE ANALYST CITES NEW LOWS FOR DOLLAR AND SUBSTANTIAL MOVE BY FED ALREADY DISCOUNTED (.75%). ANOTHER ANALYST CITES WEAKER DOLLAR AND SLOWER ECONOMY IMPACTING DEMAND (IE., FOR GOODS, ETC., AND HENCE, COMMODITY PRICES, HENCE LOWER OIL PRICE THIS DAY), CITES THIS DAYS SHORT-COVERING RALLY AND RECOMEMMENDS MULTINATIONALS WITH OVERSEAS EARNINGS (POSITIVE CURRENCY TRANSLATION) AND OVERSEAS NON-DOLLAR DENOMINATED SECURITIES (UTILITIES, ETC.). YET aNOTHER ECONOMIST/ANALYST CITES BUSINESS MODELS COMPARABLE TO BEAR STEARNS IN FINANCIAL SECTOR(PROBLEMS WITH HEDGE FUNDS/INVESTMENT BANKS) WHICH HAS PROVEN INABILITY TO MANAGE THEIR OWN AFFAIRS SAYING DEREGULATION A DISASTER AND REREGULATION A CURE, NO END TO FALL IN DOLLAR AS US BECOMES WORLD’S BEGGAR, AND RECOMMENDS NON-DOLLAR DENOMINATED SECURITIES (IE., EURO, SWISS FRANC, ETC., AND EMERGING FAR EAST MARKETS). aNOTHER MORE CALIFORNIA/SENILE, ANALYST/BROKER WHO LIKE OTHERS HAVE LOST SUBSTANTIAL MONIES FOR CLIENTS CITES LACK OF OF TRANSPARENCY AS VALUE OF HIS BUYS AND HOLDS CONTINUES TO FALL WITH DOLLAR BUT TALKS SOME SPECULATIVE BUYS AND CASH. A FINANCIAL TIMES EDITOR SAYS NO BOTTOM YET, THAT BY HISTORICAL STANDARDS THE SCENARIO IS QUITE BAD FOR THE US, THAT BEAR STEARNS WAS NOT ALONE AMONG US FIRMS IN THEIR PROBLEMS, THAT THE MARKET IS EXPECTING 1% PANIC CUT BY FED, AND THAT THE US ECONOMY IS IN DEEP TROUBLE. 3-14-08 early surge based on false benign inflation report (showing no change in retail inflation) from the government gives way to reality that they can’t cover up/lie about (despite intra-day suckers rally) when there is a run on large wall street investment bank bear stearns (first such since the great depression) which cites liquidity crisis as ny fed and jp morgan intervene with 28 day loan as bear is holding high risk (worthless) assets which are illiquid (thinly traded/can’t be sold) as reserves (they are not alone in this regard among the frauds on wallstreet, etc., and only 2 days ago bear said balance sheet stable), all time lows for the dollar, wsj reports majority of economists think we’re in recession, michigan (non-washington non-fed gov’t report) sentiment index at new 16 year low. One ANALYST SAYS DOLLAR WEAKNESS/LOWER YIELDS/ECONOMIC CONCERNS WILL CONTINUE DOWNWARD TREND, INFLATION REPORT SURPRISE/FOOLISH AND HIGHER INFLATION NUMBER FOR MARCH, CRESCENDO OF BAD NEWS IN COMING WEEK AND LOOK FOR NEW LOWS/BOTTOM(?). OIL ANALYST CITES WEAK DOLLAR/EASY MONEY FLOWS AND SAYS LOOK FOR OIL AT $120-$125. ANOTHER ANALYST SAYS ITS TOO LATE FOR FED TO TURN THIS WRITEDOWN/SUBPRIME/ECONOMIC DOWNTURN AROUND WITH BEAR ANOTHER $35-$70 BILLION BAD AND WHAT AFTER 28 DAY LOAN-EXPECT TAKEOVER/NO MORE BEAR STEARNS. 3-13-08 SMART MONEY WOULD SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS) WHICH IS BASED UPON B**L S**T ALONE (NOTHING WHATSOEVER) AS STANDARD AND POORS ANALYST SAYS THE END OF WRITEDOWNS MIGHT (BUT NOT QUITE) BE IN SIGHT (WHICH IS LIKE THAT BROKER WHO SELLS STOCKS FOR A LIVING SAYING HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP)…RIIIIIGHT….. WHICH IS MEANINGLESS COMING FROM STANDARD AND POORS WHICH SHOULD BE ACCOUNTABLE/LIABLE (FOR THIS FRAUD) ALONG WITH THE FRAUDS ON WALL STREET, ETC., FOR THE TRIPLE A RATED SECURITIES ON THE BOOKS WHICH EVERYONE KNOWS ARE IN FACT NOT TRIPLE A (WORTHLESS JUNK BONDS, ASSETS, ETC.) SPURRING 200+ POINT SWING TO THE UPSIDE. VAST MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION (EVEN DESPITE ELECTION YEAR GIMMICKS-AS GOOD AS GETS). RETAIL SALES DOWN MORE THAN EXPECTED .6%, FORECLOSURES UP 60% YEAR OVER YEAR, DOLLAR DOWN SHARPLY. ONE ANALYST SAYS CONTINUED UNEMPLOYMENT/EMPLOYMENT WEAKNESS, PREMATURE TO SAY AS DID S&P THAT WE’RE NEAR END OF WRITEDOWNS, MAJORITY OF ECONOMISTS NOW SAY WE’RE IN RECESSION, HOUSING DOWNTURN MUCH FURTHER TO GO, VERY DEFENSIVE AS STOCKS CONTINUE TO HIT NEW LOWS IN LARGE NUMBERS, WORST OF HOUSING CRISIS AHEAD, AND THIS IS A BEAR MARKET IN A RECESSION ECONOMY. ANOTHER ECONOMIST/ANALYST SAYS U.S. CURRENT ACCOUNT DEFICITS, LACK OF TRUST IN U.S. FINANCIAL INSTITUTIONS AND TRIPLE A RATINGS (BONDS, ETC., WHICH EVERYONE KNOWS ARE NOT), BANKS’ NEED FOR RECAPITALIZATION, LOW SAVINGS (IE., CONSUMERS USING IE., GIFT CARDS FOR GROCERIES, ETC.), FED LOSING CREDIBILITY BY FLIP-FLOPS/WRONG MOVES, AND SEES ONLY SHORT-COVERING RALLIES AT BEST. VENEZUELA SHIFT TO PAYMENT IN EUROS FOR OIL OUT OF DOLLARS. YET ANOTHER ECONOMIST SAYS WITH MONEY SUPPLY INCREASING AT EXORBITANT 27% PER ANNUM, CITING ECONOMIST FRIEDMAN SAYS HYPER-INFLATIONARY (CONTRARY TO LAND OF FRUITS AND NUTS ECONOMISTS WHO THIS DAY SEE LAND OF FRUITS AND NUTS REAL ESTATE DOWN 17.6%, SALES DOWN 40-45%, AND MEDIAN HOME PRICES DOWN $100,000, AND BUDGET DEFICITS ACROSS THE BOARD). 3-12-08 VERY MODEST DROP IN STOCKS RELATIVE TO REALITY, DOLLAR DOWN SHARPLY ON PANICKY FED KNEE JERK FUNNY MONEY ACTION, ONE ANALYST/BROKER WHO SELLS STOCKS FOR A LIVING SAYS HE’S TRYING TO KEEP CLIENTS IN STOCKS BECAUSE AT SOME POINT THEY’LL GO UP…..RIIIIIGHT…..REFERENCES THAT THIS IS WORST R.E. DOWNTURN IN 100 YEARS AND NO BOTTOM YET IN R.E. AND WSJ SAYS WORSE TO COME IN BAD PAPER (WRITEDOWNS, ETC.), AN OIL ANALYST SAYS RECORD HIGH OIL PRICES ARE HEDGE AGAINST FALLING DOLLAR WITH A LOT OF DOLLARS RELATIVE TO GOODS (AS IE., OIL, OTHER COMMODITIES, ETC.-HYPERINFLATION) AND IF YOU HOLD DOLLARS/DOLLAR DENOMINATED ASSETS/SECURITIES YOU LOSE VALUE AND SEES $4.00 GAS NATIONWIDE WITH RECORD DIESEL, WHILE ANOTHER ANALYST SAYS THAT SEEING FED GO FROM LENDER OF LAST RESORT TO LENDER (PRINTER) OF FIRST RESORT IS WORRISOME/TROUBLESOME. 3-11-08 Suckers’ bear market irrationally exuberant new EPHEMERAL bubble rally on fed fear and trembling panic move TO ADD $200 BILLION IN WORLDWIDE LIQUIDITY BY TEMPORARILY REPLACING (28 DAYS) ONE TYPE OF FUNNY-MONEY (WORTHLESS SUBPRIME COLLATERALIZED DEBT) WITH ANOTHER LONGER TERM WORTHLESS FUNNY-MONEY (U.S. DEBT WHICH CAN’T BE PAID BACK) WHICH IS A GREAT B.S. TALKING POINT BUT JUST A DROP IN THE BUCKET CONSIDERING THE MAGNITUDE OF THE UNDISCLOSED WRITEDOWNS/WORTHLESS PAPER BEING HELD(AND, CURING A BUBBLE WITH A NEW BUBBLE-I DON'T THINK SO), ONE ANALYST POINTS TO THE HYPERINFLATIONARY EFFECTS OF TOO MUCH LIQUIDITY CHASING TOO FEW GOODS AND MORE BAD NEWS TO COME IN TECH SECTOR AND EARNINGS ALONG WITH MORE WRITEOFFS/WRITEDOWNS WITH WORSE TO COME/NO BOTTOM YET AND HE REMAINS A BEAR, LAND OF FRUITS AND NUTS ECONOMIST SAYS BAD BUT NOT TECHNICALLY RECESSION BASED ON GOVERNMENT ELECTION-YEAR DATA (ONLY NUTS AND NUTS FROM THE LAND OF FRUITS AND NUTS BELIEVE SAME) WHILE TWO OTHER ECONOMISTS SAY RECESSION WITH STRUCTURAL PROBLEMS/HIGH INFLATION/LOWER DOLLAR AS FOREIGNERS/INVESTORS GET OUT OF WORTHLESS DOLLAR WITH BIG TROUBLE FOR U.S. POST-ELECTION AS REALITY SETS IN, TRADE GAP WIDENED, AND SMART MONEY WOULD SELL THIS RALLY/TAKE PROFITS. 3-10-08 MODEST DROP IN STOCKS RELATIVE TO REALITY, NEW BANK DOWNGRADES, MORGAN SLASHES EARNINGS ESTIMATES FOR S&P AND SAYS ALREADY IN RECESSION, EVEN MORE ECONOMISTS NOW SAY THE OBVIOUS/RECESSION, RUMOR THAT BEAR STERNS WITH SUBSTANTIAL LIQUIDITY ISSUES IS GOING UNDER, DOLLAR DOWN, EARNINGS ESTIMATES CUT ON CITIBANK AND BANKOFAMERICA, ONE ECONOMIST/ANALYST SAYS (HYPERINFLATIONARY) HIGH ENERGY AND FOOD PRICES (CONVENIENTLY LEFT OUT OF THE FED’S “TOUTED” CORE RATE) ARE SQUEEZING THE CONSUMER (AND HENCE, CONSUMPTION/65% OF GDP) AND THAT COMMODITIES A BUBBLE AND MULTINATIONALS WITH OVERSEAS EARNINGS/POSITVE CURRENCY TRANSLATION TO WEAKER DOLLAR PREFERRED, AN OIL ANALYST SAYS $200 OIL POSSIBLE (REITERATING GOLDMAN) WITH CONTINUED WEAKENING OF DOLLAR, ANOTHER ANALYST/JOURNALIST SAYS SELL DOLLAR DENOMINATED STOCKS/SECURITIES/ASSETS WHICH HAVE MUCH FURTHER TO FALL AND REITERATES AS DID BARRON’S THAT MORTGAGE INSURERS HAVE OVER $5 TRILLION IN DEBT/EXPOSURE AND THAT MANY OF THE NATIONS BANKS ARE ALREADY INSOLVENT SO GET OUT OF THE DOLLAR AND U.S. STOCKS. 3-7-08 BAD EMPLOYMENT/JOBS DATA across ALL SECTORS AS 63,000 JOBS LOST WITH DOWNWARD REVISIONS TO DECEMBER AND JANUARY (ACTUALLY LOST 20,000) JOBS NUMBERS, ONE ANALYST SAYS WE’RE IN A RECESSION WHILE MORE ECONOMISTS SAY RECESSION WITH ONE STATING THAT YOU ALMOST NEVER SEE BACK-TO-BACK MONTHLY DECLINE IN EMPLOYMENT WITHOUT RECESSION AS NOW, DOLLAR AT NEW RECORD LOWS, CONSUMERS INCREASED BORROWING TO STAY AFLOAT, WASHINGTON MUTUAL FURTHER DOWNGRADES, SUPPORT LEVELS BROKEN TO THE DOWNSIDE, sentiment- 85% believe things will get worse. 3-6-08 MODEST DROP IN STOCKS RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. 23% INCREASE IN FORECLOSURES IN FOURTH QUARTER NEW RECORD HIGH, DOLLAR AT NEW RECORD LOWS, 10% OF HOMES WITH 0 OR NEGATIVE EQUITY, MORTGAGE BANKERS ASSOCIATION SAYS HOME FORECLOSURES AT ALL-TIME HIGH AND GOING HIGHER, ONE R.E. ANALYST SAYS ROUGH YEAR AHEAD WITH FORECLOSURES AND DEFAULTS UP, ONE ANALYST SAYS MARKET WILL TEST NEW LOWS/SUPPORT LEVELS WITH FLIGHT TO “QUALITY”/TREASURIES, LENDER THORNBURG DEFAULTS AND ALONG WITH WASHINGTON MUTUAL IS DOWNGRADED, CONTINUING CLAIMS FOR UNEMPLOYMENT AT HIGH LEVELS MEANS COMPANIES SHRINKING, IGNORE KNEE-JERK ELECTION YEAR GOVERNMENT HUNKY DORY FAKE REPORTS. 3-5-08 OIL INVENTORIES LESS THAN EXPECTED, FED BEIGE BOOK CITES ECONOMIC WEAKNESS PARTICULARLY SINCE BEGINNING OF THE YEAR, LABOR COSTS ROSE, RISING PRICE PRESSURES/STAGFLATION, RECESSION/BEAR MARKET, ONE ANALYST SAYS TOUGH FIRST HALF RECOMMENDS MULTINATIONALS WITH 50% OVERSEAS EARNINGS (FAVORABLE CURRENCY TRANSLATION) AND CONSUMER STAPLES/HEALTH RELATED/DEFENSIVE STOCKS, AMBAC TO FLOAT STOCK TO SHORE UP BALANCE SHEET TO TUNE OF $1.5 BILLION/DILUTION AND SHARES FALL $2 TO $8.70, OIL ANALYST CITES DECLINE IN OIL INVENTORIES/DIESEL/JET FUEL AND WEAK DOLLAR AND TOP $108-$110 BUT $120-$130 IF VENEZUELA/COLUMBIA CONFLICT AND MORE RECORD HIGH GAS PRICES TO COME, ANOTHER ECONOMIST/ANALYST SAYS CONTINUED DECLINE IN REAL ESTATE/HOUSING WITH STARTS DOWN 15-20-40% ON WELL DESERVED PESSIMISM/CREDIT CRUNCH. 3-4-08 Suckers’ bear market rally into the close based on b**l s**t alone, viz., rumor/speculation about yet another bailout for wall street/ambac/bond insurers and over 200 point swing to the upside based on nothing whatsoever, one economist/analyst notes this is the deepest housing decline since great depression, bernanke says another spike in foreclosures ahead and proposes reduction of principal amounts in existing loans (sounds like a plan…..riiiiight!), ken shreve finance editor investors business daily says bear market 6-9 months/ don’t try to catch a falling knife as institutions still selling/keep money safe in 3% money market for time being, one oil analyst says oil higher before lower as expected rate cut will further weaken dollar and drive up oil/commodities prices and problems in consumer debt in addition to mortgages and nobody wants to hold dollars, 3-3-08 Suckers’ bear market rally into the close, yes we are in a recession from someone who unlike the frauds on wall street has read security analysis by graham, dodd, and cottle and understands it (warren buffet), all news negative, ie., ism manufacturing index down to 48.3 (contraction), car sales down at gm (-12%) and ford (-7%), construction spending down most in 14 years, oil analysts point to the new highs while economist/analyst says dollar has fallen through all support levels meaning more bottoms to come, INFLATION OUTPACING CONSUMER SPENDING (EVEN WITH SPENDING NUMBER HIGHER THAN EXPECTED WHICH PROBABLY MEANS REALITY WAS NEGATIVE), CONSUMER CONFIDENCE/SENTIMENT DOWN SHARPLY, CHICAGO MANUFACTURING INDEX DOWN INDICATING CONTRACTION, $5.29 BILLION LOSS FOR AIG ON WRITEOFFS, INTRA DAY HIGH FOR OIL OVER $103, INFLATION/WEAK DOLLAR/ECONOMIC WEAKNESS=STAGFLATION, FOURTH MONTHLY DECLINE IN A ROW FOR STOCK MARKET, ONE ECONOMIST/ANALYST IF NOT THEN ALMOST IN RECESSION WITH WORSE INFLATION NEWS AND INFLATION ADJUSTED INCOME/SPENDING FLAT, ANOTHER ECONOMIST/ANALYST SAYS RECESSION AND CITES NEGATIVE SAVINGS RATE AND FURTHER ECONOMIC WEAKNESS, ANALYST SAYS CONTINUED ECONOMIC WEAKNESS WITH FURTHER DOLLAR DECLINE SO BULLISH ON METALS AND BEARISH ON STOCKS, AND YET ANOTHER ECONOMIST/ANALYST SAYS INFLATION/RECESSION BUT NOT DEPRESSION…..RIIIIIGHT, GDP GROWTH REPORTED MUCH LESS THAN EXPECTED (BUT CLOSER TO REALITY) AT MINISCULE .6%, UNEMPLOYMENT CLAIMS JUMP 19,000 TO 373,000 AT HIGHEST LEVEL SINCE POST KATRINA, BERNANKE SAYS CONSUMER WORSE OFF THAN JUST AFTER 911(?) AND THAT SOME BANKS COULD (WILL) FAIL AND THAT STAGFLATION WILL NOT BE AS BAD AS THE 70’S, FANNIE MAE AND FREDDIE MAC SHOW MASSIVE LOSSES, ONE ANALYST 50 YEARS IN THE BUSINESS SEES RECESSION AND SAYS FINANCIALS HAVE BECOME IMPENETRABLE IN TERMS OF ANALYSIS/LOSSES, ANOTHER ECONOMIST/ANALYST SAYS WE’RE NOWHERE NEAR IMPROVEMENT IN R.E./HOUSING MARKET, YET ANOTHER ECONOMIST/ANALYST SAYS RECESSION WITH HIGHER INFLATION LOWER GROWTH (STAGFLATION) AND THAT FED FORECASTS HAVE BEEN WRONG AND ONLY RECESSION TO BRING DOWN INFLATION, new record LOW FOR DOLLAR AGAINST EURO AND SWISS FRANC (AND EVEN WORTH LESS THAN THE LOWLY CANADIAN LOONEY, ETC.) WHICH ALONG WITH DEFICIT SPENDING IS HYPERINFLATIONARY AS OIL SEES NEW INTRADAY HIGH OF $102.64, SALES/ORDERS OF DURABLE GOODS DOWN MORE THAN EXPECTED 5.3%, BERNANKE’S NEGATIVE COMMENTS ON GREENSPAN RECESSION PROMISES RATE CUTS FOR NEW BUBBLE WHICH RALLIES STOCKS, ONE ANALYST SAYS BANKS AS THEIR OWN INSURERS INCREASES RISK, ANOTHER ANALYST SAYS CONTINUED DEFICIT SPENDING INCREASES INFLATIONARY PROBLEMS/RISK, FORECLOSURES/BANK REPO’S UP 90% YEAR OVER YEAR, REGULATORS PREDICT OVER 100 BANK FAILURES, FORECLOSURES UP 57% IN JANUARY, WHOLESALE INFLATION UP MUCH HIGHER THAN EXPECTED 7.5% (CORE RATE 4+%), 9% DROP IN HOME VALUES/PRICES, CONSUMER CONFIDENCE DOWN TO 17 YEAR LOW, ELECTION YEAR/PROTECT INCOMPETENT INCUMBENT GOV’T PRINTING WORTHLESS DOLLARS LIKE MAD WITH EXCESS LIQUIDITY CHASING TOO FEW GOODS (IE., FOOD UP 6%, ETC.) WHICH IS HYPER-INFLATIONARY, ECONOMIST/ANALYST DR. KELLNER SAYS EASIER MONEY/FISCAL PACKAGE WON’T REFLATE HOUSING MARKET (RECESSION), ANOTHER ANALYST SAYS IN BEAR MARKET/RECESSION RECOMMENDS DEFENSIVE/PREFERRED STOCKS/BONDS/CASH, DR. SHILLER- CASE-SHILLER INDEX- HOME VALUES CONTINUED DECLINE AND IN OR ABOUT TO ENTER RECESSION (that’s already here), Stiglitz Blames Greenspan For Recession, IBM ON $15 BILLION BUYBACK AND JAWBONING AND SIGNIFICANT OVERSEAS SALES (AND POSITIVE CURRENCY TRANSLATION TO THE WORTHLESS DOLLAR) RALLIES MARKET (WHAT BULL S**T), SHARPLY LOWER AND MORE WORTHLESS DOLLAR/HIGH OIL PRICE RALLY CREATES YET ANOTHER B.S. SWING OF OVER 200 POINTS TO THE UPSIDE, FOOD PRICES UP 6% ON ETHANOL CROWD-OUT, HOME SALES DOWN 5.5% / MEDIAN SALES PRICE DOWN 4.6%, ONE R.E. EXPERT SAYS WITH SALES FALLING AND FORECLOSURES RISING WORSE YET TO COME, LEADING ECONOMIC INDICATORS FELL FOR FOURTH MONTH IN A ROW (-.1%), PHILADELPHIA FED MANUFACTURING INDEX UNEXPECTEDLY AND SIGNIFICANTLY LOWER (The Philadelphia Manufacturing Index fell to a -24, indicating a sharp contraction in the region's manufacturing activity. Economists had anticipated a reading of -10, a less pronounced contraction. Last month the reading came in at -20.9.), ONE ECONOMIST/ANALYST SAYS SIGNIFICANT INFLATION AND UNEMPLOYMENT-STAGFLATION-AHEAD ALONG WITH CONTINUED DEFLATION OF HOUSING BUBBLE WITH NATIONWIDE AVERAGE PRICE DECLINE OF 8-10% AND ANOTHER DECLINE OF 15-20% TO COME. MODEST DROP RELATIVE TO REALITY TO KEEP THE SUCKERS SUCKERED AND THE COMPUTERIZED COMMISSION TRADE DOLLARS FLOWING. (3-28-08) (DOW -86, NASDAQ -20, S&P –10.5) [CLOSE- OIL $105.62/ GOLD $930.60 / SILVER $17.94 / PLATINUM $2,020 / DOLLAR= .63 EURO, 98 YEN, .4979 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.44%]. I WARNED AGAINST THE DEBACLE IN IRAQ, I WARNED AGAINST GIVING DUMBYA BUSH WAR POWERS, I WARNED OF THE BUBBLES IN REAL ESTATE AND STOCKS, AND NOW I WARN AGAINST INVESTING IN DOLLAR DENOMINATED SECURITIES OR HOLDING SAME (SELL INTO STRENGTH/TAKE PROFITS/SELL). GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET RALLY (TAKE PROFITS). REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S. ONE ANALYST/REPORTER/ JOURNALIST FROM INSIDE SOURCES PEGS THE SUB-PRIME DOLLAR VALUE OF THE SHILLED WORTHLESS PAPER AT $516 TRILLION (EVEN A PERCENTAGE OF SAME RENDERS THE PROBLEM UNFIXABLE-HENCE, CULPABLE PARTIES MUST BE HELD ACCOUNTABLE AND DISGORGE THEIR ILL-GOTTEN GAINS FROM, IE., COMMISSIONING WORTHLESS PAPER, TAKING A POINT HERE OR THERE AND FRAUDULENTLY PASSING SAME ON, AD INFINITUM, ETC.). Time to put the wall street among other corporate frauds in jail and require fines, penalties and disgorgement of their ill-gotten gains. [Please note: I seldom name analysts/reporters/journalists bearing not so glad tidings for fear they’ll be crucified by the frauds on wall street].

REALITY: THIS IS A BEAR MARKET IN A SECULAR BEAR MARKET IN A RECESSIVE ECONOMY IN A SECULAR (AND QUITE PERMANENT-THEY’VE MADE ALL THE WRONG CHOICES) ECONOMIC DOWNTREND IN THE U.S. Time to put the wall street among other corporate frauds in jail and require fines, penalties and disgorgement of their ill-gotten gains. (1-11-08) DEFAULTS UP, Housing down, inflation up, consumer confidence down SHARPLY, TRADE DEFICIT NEAR RECORD AND ABOVE EXPECTATIONS, RETAIL SALES DOWN AND FAR BELOW EXPECTATIONS, ALREADY IN RECESSION DESPITE JAWBONING (BULL S**T) TO THE CONTRARY, STAGFLATION, dollar down as stocks drop modestly relative to reality (DOW -247, NASDAQ –49, S&P -19). Nothing has fundamentally changed regarding the descent and decline of criminal/fraud banana republic america and the already bad news is worse than acknowledged. Watch for the fake economic reports/data, more bull s**t/spin, ie., insiders not selling-real reason is their fear of fraud prosecutions (they’ve known for quite some time that the business/economic scenario is much worse than purported/reported and have” made their hay” already predicated on same with many multimillion dollar pay packages for which disgorgement is appropriate), etc. Time to put the wall street among other corporate frauds in jail and require fines, penalties and disgorgement of their ill-gotten gains. (1-10-08) Good money after bad is the mantra on wall street as BofA with $2 billion already in Countrywide says they’ll shoot-the-moon, take the whole ball of wax, eat the whole thing, keep the fraud ball rolling/covered, etc., which rallies stocks based on bull s**t alone, notably that of fed head bernanke who jawbones (bull s**ts) stocks higher with promised rate cuts, even weaker dollar, and even higher hyperinflation thereby. Retail sales down and far below expectations, already in recession despite jawboning (bull s**t) to the contrary, stagflation. Citibank and Merrill Lynch desperately seek to sell more of themselves to foreign interests to cover substantial losses/fraud. Merrill Lynch to write down another $15 billion and more to come. American Express to write off more than $440 million in bad credit card debt. One respected analyst/fund manager says we’re in a bear market having broken through all resistence levels. Lunatics’/suckers’ bear market rally/dead dog bounce into the close (dow +117, nasdaq +13, s&p +11) to keep the suckers suckered and computerized commission trade dollars flowing. Time to put the wall street frauds in jail and require fines, penalties and disgorgement of their illgotten gains. (1-9-08) Happy days are here again (REALITY SAYS NOT) say the frauds on wall street with new bull s**t talking point that the newly (not really, just covered up to perpetuate the fraud) discovered fact that we’re already in recession and that means rate cuts to make the dollar even more worthless and the hyperinflation even more hyper, and that the now conceded reality of recession will be short-lived. How about reality that the same marks the (continuation)beginning of a downturn from which there will be no coming back for criminal/fraud america.

Economic 9/11 Just as the Twin Towers collapsed from the top down, so too will the US economy from an Economic 9/11, when the high-stake speculators, banks, brokerages, and buyout firms that leveraged billions with millions get hit with reality. The Panic of 08 Failing banks, busted brokerages, toppled corporate giants, bankrupt cities, states in default, foreign creditors cashing out of US securities … whatever the spark, the stage is set for panic in the streets. America’s broke and the whole world knows it. As america’s economy spirals down and that the dollar will fall with it, foreign creditors are dumping dollars on the market … and even Third World street vendors don’t want to take greenbacks any longer. The further it falls, the less it’s worth. The less it’s worth, the less it buys. In the real world they call it "inflation." In america they call it "good for business." http://www.trendsresearch.com Time to put the wall street frauds in jail and require fines, penalties and disgorgement of their illgotten gains. Lunatics’/suckers’ bear market rally/dead dog bounce into the close (DOW +146, NASDAQ +34, S&P +18) to keep the suckers suckered and computerized commission trade dollars flowing. (1-8-08) Housing down, inflation up, consumer confidence down, oil prices up, dollar down as stocks drop modestly relative to reality (DOW -238, NASDAQ –58, S&P -25). Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america and the already bad news is worse than acknowledged. $14 billion ($21 billion in 2006) in bonuses to the lunatic/frauds on wall street for a commissionable (sub prime bundled) fraud well done, inflation up, dollar down, oil prices up, manufacturing down; one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.). (1-7-08) With sloth-like reflexes and speed the fallible frauds on wall street now recognize, yes we’re already in a recession, with new bull st talking point, that’s good for some stocks - NOT says reality- as lunatics’/suckers’ bear market rally/dead dog bounce into the close (DOW +27, NASDAQ –5, S&P +4) to keep the suckers suckered and computerized commission trade dollars flowing. Despite severe inflation (the fed excludes food and energy from their fake/worthless/meaningless calculation, because it’s allegedly cyclical…..riiiiight! And everything else is imported cheap for the purpose of increasing the deficit and eliminating u.s. jobs) the frauds are hoping for more fake gov’t reports, rate cuts to make the dollar even more worthless and inflation greater, etc., and hope they’ll escape accountability for their fraud ($14 billion in bonuses,$21 billion in 2006, on top of huge salaries, etc.). (1-4-08) Small dose of reality as unemployment rises to 5% and stocks drop modestly relative to reality (DOW -256, NASDAQ –98, S&P -35). Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america and the already bad news is worse than acknowledged. (1-3-08) Despite economists expectations of fewer new jobs, ADP, a jersey based company not unfamiliar to the fraud/crime of placing fake/non-existent employees on payrolls to facilitate (illegal/drug) money laundering plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure in excess of same (40,000) with the labor department also chiming in with fake data; durables down, auto sales down (Ford now #3); bull st talking points for lunatics’/suckers’ bear market rally/dead dog bounce into the close (DOW +13, NASDAQ –6, S&P +0) to keep the suckers suckered and computerized commission trade dollars flowing. (1-2-08)Modest drop relative to reality on wall street, as DOW drops 221, S&P down 21 and NASDAQ down 42. $14 billion ($21 billion in 2006) in bonuses to the lunatic/frauds on wall street for a commissionable (sub prime bundled) fraud well done, inflation up, dollar down, oil prices up, manufacturing down; one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.). (12-31-07) Modest drop relative to reality on wall street, as DOW ends up 6%, S&P up 3%, and NASDAQ up 9% for year 2007. One analyst optimistically and modestly projects 15% decline for 2008. (12-28-07) If it looks/sounds too good to be true, it probably isn’t. An aphorism apropos to most frauds and to wall street particularly. Indeed, there was a time when economics/finance bore some relation to the level of stock prices which heretofore had been a precursor to economic conditions. Yet, with depression level economic conditions/indicators (those that aren’t fudged too much), the market has rallied to new highs taking huge commission dollars along the way. Fake gov’t reports, consumers spent (much) more than they earned, durables down, housing sales at 12 yr. Low and down 9%, dollar down, $14 billion in bonuses ($21 billion in 2006, on top of huge salaries, etc.) to the lunatic/frauds on wall street for a commissionable (sub prime bundled) fraud well done, inflation up; one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.), dollar at/near record lows, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, bull st talking points for lunatics’/suckers’ bear market rally/dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing; deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., all to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull st! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Very Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S - less than 5% of what they do, etc.), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades. (12-27-07) Modest drop relative to reality on wall street as durables up less than expected at .1% (still over-reported), oil inventories down, oil prices up, dollar down, etc.. (12-26-07) Housing price fall sets new record, higher oil prices, wall street fund refuses redemptions (ie., black rock…..once the frauds have your money it’s theirs to commission, pillage, and plunder), retail sales below expectations, all bad news but wall street no longer ‘climbs the wall of worry’ but rather climbs the wall of rationality, as lunatics’/suckers’ bear market rally/dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing. How about the lunatic/frauds on wall street are just climbing the walls because they’re mad as hatters, nuttier than fruitcakes, etc.. Get your money out while you still can. Like Elvis, the smart money has already left the building. (12-24-07) Santa Claus rally! Santa Claus rally! …..riiiiight! The lunatic frauds on wall street have a right to a santa claus rally (looking toward future frauds they will perpetrate since there is nothing whatsoever to justify the current level of commissionable fraudulently worthless paper including the dollar). (12-21-07) Fake gov’t report from scandal-scarred commerce dep’t, (suuuuure), consumers spent (much) more than they earned, oil prices up, dollar down, $14 billion in bonuses to the lunatic/frauds on wall street for a commissionable (sub prime bundled) fraud well done, inflation up, one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.), dollar at/near record lows, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, bull st talking points for lunatics’/suckers’ bear market rally/dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing (12-20-07) Fake gov’t report on GDP growth (4.9% suuuuure), leading indicators down again and tech-wreck will save us (riiiiight) new bull st talking points for lunatics’/suckers’ bear market rally/dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing, `BEAR STEARNS Posts First Loss; Bigger-Than-Expected Mortgage Fallout... ,`all the bad news remains the same….. (12-19-07) Modest drop relative to reality on wall street, first losses ever for those wall street gurus/make that lunatics/frauds bear sterns, morgan stanley but higher oil prices on lower oil inventories rallies stocks into the close, riiiiight….. all the bad news remains the same….. (12-18-07) Housing starts down, building permits down, inflation (wholesale) (though still substantially underreported) up sharply (highest in 34 years), consumer price index shows higher than expected inflation (though still substantially underreported), lunatics’/suckers’ bear market rally/dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing, all the bad news remains the same….. Housing Construction Hits 16-Year Low... Broken Seasonals Suggest a Bear Market (12-17-07) Another modest drop relative to reality on wall street as the i word plus the r word yield the stagflation word, with Monday morning quarterbacks very late to the game starting to talk recession, with fears of accountability for the fraudulent run-up/bubbles weighing heavy as all the bad news remains the same….. (12-14-07) Modest drop relative to reality on wall street, as consumer price index shows higher than expected inflation (though still substantially underreported) , fears they may be held accountable for their fraud mount, and none of the sugar-coated bad news has changed….. (12-13-07) Inflation (wholesale) (though still substantially underreported) up sharply (highest in 34 years), bond prices fall sharply, lunatics’/suckers’ bear market rally/dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing, all the bad news remains the same….. (12-12-07) Federal deficit up sharply, along with oil prices (inventories fell substantially), foreclosures up, dollar down, sparks lunatics’/suckers’ bear market rally/dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull st! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. (12-11-07) Modest relative to reality drop on wall street as fears they may be held accountable for their fraud mount and nothing has changed….. (12-10-07) The market started the week on a bullstish note, aided by a financial sector that rallied again on the back of news about capital infusions (good money after bad) despite write-downs/losses in the financial sector, ie., UBS, MBIA, etc.. Another fake report from the gov’t also helped the fraud. Already sugar coated fake data/news/reports have been as bad as could be and far worse than expected by the fed leading to new bull st fraud-facilitating talking point, viz., interest rate cut expectations despite worthless dollar and much higher than reported inflation, one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.), dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallied oil stocks (suuuuure) (11-30-07), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., all to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull st! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Very Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

Economic Outlook 2008: Darkening Clouds
Dom Armentano Lew Rockwell.com Thursday December 6, 2007 Presidential election years usually are not recessionary but next year will be an exception. Several economic factors are colliding in an almost perfect storm to markedly slow the general economy and the stock market. The most important signal flashing recession is, of course, the sub-prime mortgage fiasco. After years of monetary inflation on the part of the Federal Reserve, individuals and families with poor credit were suckered into low-down-payment/low-interest adjustable mortgages that simply cannot be maintained or repaid under current conditions. Their incentive is to sell the property quickly before their equity evaporates and/or the financial institution repossesses it. Yet the massive oversupply of homes and condos for sale has pushed prices down at a record clip and made additional foreclosures even more likely. Next year, unfortunately, will be the Year of the Auction. The financial institutions have also been punished…well sort of. Various institutions including hedge funds that hold these poorly performing debt obligations have been forced (by accounting rules) to "write down" the value of these assets, take huge paper losses in the bargain, and pull in their financial horns. Thus, any near-term recovery in housing must now fight a record supply availability, falling prices, higher insurance costs and restricted credit…a near-term impossibility in my view. Moreover, the slowdown in residential and commercial construction will send secondary ripple effects throughout the economy. Laid-off construction workers don't spend money. Construction and home furnishing suppliers sell less output and make fewer investments. Even local governments will be pinched by declining property-tax assessments and fewer developer fees. Things are likely to get worse before they get any better. The second major factor indicating a near-term recession is the sky-high price of crude oil and refined product. Pushed upward by world-wide speculative Mid-East war fears and increases in demand (especially from China), increasing energy prices act as an inflationary "tax" on domestic production and consumption throughout the market economy. Higher costs of production will lower profits; higher prices will reduce some consumption. The only good news here is that any substantial economic slowdown in 2008 will eventually moderate the price of oil and other commodity prices as well. The third factor in the current recession scenario – and the real wild card – is the continuing decline in the value of the dollar in international money markets caused by our Iraq blunder and the Federal Reserve–generated oversupply of dollars. Some economists would argue that a devalued dollar is good for U.S. exports, and thus positive for the economy as a whole. I disagree for three reasons. First, the bulk of crude oil purchases takes place in dollars; a falling dollar translates into still higher crude oil prices. Second, the U. S. dollar is the major reserve currency of the international monetary system and dollar-paying investments (such as U.S. Treasury bills and bonds) are held in massive amounts by foreign banks and governments. Dollar devaluation makes these investments less attractive and any disinvestment in these areas would sharply drive bond prices down and increase interest rates. The third reason why dollar devaluation makes recession more likely is that it effectively prevents the Federal Reserve from pushing U.S. interest rates much lower. Any additional Fed easing (inflation) would be seen as a signal of even further future dollar devaluation and even higher dollar prices for oil. Unfortunately, we will not be able to "inflate" our way out of this recession this time. We will simply have to take our lumps and let market forces liquidate the bulk of the malinvestments caused by the unprecedented Greenspan money bubble. This liquidation process will not be pretty but it is necessary to restore a sustainable economic recovery in the years ahead.

Don’t forget: Criminal america has the highest crime rates in the world. No other so-called ‘civilized’ nation even comes close.

Euro gains on dollar in official reserves...
FROM THE SUB-PRIME TO THE RIDICULOUS: HOW $100B VANISHED...
PAPER: TOP ECONOMIST SAYS AMERICA WILL PLUNGE INTO RECESSION...

UNDERSTANDING THE GREAT WALL STREET FRAUD (summarized)
*(12-30-07) The best and easiest to understand analogy, though not perfect, to the wall street markets is the kiting of checks at lightning computerized trading speed on which commissions are taken although there is nothing of real value underlying their fraudulent scheme.
*(12-31-07) The ubiquitous computerization of wall street functions, the enhancement/advance/integration of the said computer equipment/peripherals in terms of computing power and speed, along with the concomitant advance/sophistication of the programming concerning same has enhanced the ability of the frauds on wall street to effect their frauds with blinding speed vis-à-vis the funds entrusted to their care by way of programmed trades, ie., buy, sell, stop limits, etc.. An example (though not perfect) is illustrative: Dow drops 200 points as programmed sell orders kick in with some not so fudged negative news. Nothing changes but the following day the market rises 205 points on programmed buy orders (a little higher despite the absence of any positive news). Hence, the huge swings which have become ever so more prevalent. Though nothing has changed, hundreds of millions of dollars without relation to any value added (in economic terms, service, etc.) is taken in commissions (percentages, points, spreads) by the frauds on wall street on huge computerized trading volume (hence, the multi-billion dollar bonuses on top of huge salaries, etc.). The fact is that these funds entrusted to them are so large that such computerized “buys” can simulate other than rational demand causing prices to rise solely to generate huge commissions to them and new funds coming in (as in a ponzi scheme). The corrupt government has been complicit in terms of false economic reports, legislation protecting the fraud (ie., exemption from RICO accountability, etc.), while the courts are also corrupt facilitators (ie., new york, new jersey, california, etc., and similarly don’t count on arbitration panels). There was a time when transaction costs mattered in financial investment decisions. The trades/commissions are not a net positive for the economy but are indeed of great benefit to the recipients of same (who like termites eat away at other peoples’ money, and whose marginal propensity to consume is less than those allocating their monies/pensions/401ks/savings etc.; hence, the mess to follow). Finally, the NASDAQ/tech has become the “safe haven” but in reality as in the dot.com bust days are just the great story without much fundamental understanding that keeps the fraudulent ball rolling.
(1-01-08) Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Very Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.
*(1-3-08) $14 billion ($21 billion in 2006) in bonuses to the lunatic/frauds on wall street for a commissionable (sub prime bundled) fraud well done, inflation up, dollar down, oil prices up, manufacturing down; one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.). Of course there are also a plethora of garden-variety frauds as always, ie., 10-B-5, insider trading, etc..

TOP TRENDS 2008: PANIC AND FEAR http://www.trendsresearch.com

Economic 9/11

Just as the Twin Towers collapsed from the top down, so too will the US economy from an Economic 9/11. When the high-stake speculators, banks, brokerages, and buyout firms that leveraged billions with millions get hit ... everything underneath them will turn to rubble.

The Panic of 08

Failing banks, busted brokerages, toppled corporate giants, bankrupt cities, states in default, foreign creditors cashing out of US securities … whatever the spark, the stage is set for panic in the streets. When the giant firms fall, they'll crush the man on the street. ....

Conservation Engineers

More powerful than high tech and paying much better than the booming health care sector, we forecast that "Conservation Engineers" and "Conservation Specialists" that are skilled in providing enviro-smart solutions will be among the most handsomely rewarded and sought after professions for the next several decades.

Tax Revolts

It was a reason given for starting the first American Revolution and as the trends add up, it will also be a reason for starting the second. Fed up, and not willing – or able – to take it anymore, overtaxed Americans will begin the battle against politicians and bureaucrats in the fight to lower and/or repeal taxes… while demanding higher tax rates for those seen as paying too little. .....

Bye, Bye Bucks

America’s going broke and the whole world knows it. Betting that its economy will spiral down and that the dollar will fall with it, foreign creditors are dumping dollars on the market … and even Third World street vendors don’t want to take greenbacks any longer. The further it falls, the less it’s worth. The less it’s worth, the less it buys. In the real world they call it "inflation." In America they call it "good for business." ......

Small is Big

Unlike the years of personal prosperity and business growth long perceived a birthright … today, as America’s fortunes dwindle, its people will be forced to adjust attitudes and alter practices to compensate for the losses. Although the oncoming national downsizing trend may be a blow to egos and painful to pocketbooks, if intelligently deployed and spiritually practiced, the "Small is Big" trend can lead to more progressive advancement and greater rewards than the supersizing trend that has been consuming much of the nation.

Heal Yourself Health Care

Just as it took mountains of facts and bottom line realities to finally convince a consumption prone public that energy saving tools and environmentally sound practices bring bigger rewards and higher quality, the oncoming "Heal Yourself Health Care" trend will be as widely embraced and will prove equally rewarding. Evolving over the past two decades, along with growing acceptance of seeking alternative medical options, the "Heal Yourself Health Care" trend is being driven by both the lack of money and the power of the mind.

TechnoSlaves.com

It’s a quickly spreading worldwide epidemic that will get much worse. All colors, classes, creeds and races are addicted and they can’t break the habit. Before 2008 ends, the TechnoSlave trend will be so pervasive and so deeply embedded into the fabric of society that Old World communication styles will be seen as quaint and ridiculed as stupidly boring by the high-tech "hip." Across borders and around the world, blinking lights of blue and red flash from human ears … electro-plastic appendages affixed to the body and controlling the mind. So self-important have society’s members become that they must be connected at all times … to be in touch and instant messaged … for work, play and to fill the voids of idle time.

Hold on to Your Hats

2008 is going to be a wild ride. http://www.trendsresearch.com

Jeremy Grantham: All the World's a Bubble By Brett Arends
…..Grantham says we are now seeing the first worldwide bubble in history covering all asset classes.

Everything is in bubble territory, he says. Everything.

'The bursting of this bubble will be across all countries and all assets.' -- Jeremy Grantham

Video: 'The most conclusive evidence' Bhutto was shot December 31, 2007
Ron Paul indeed Out-Foxed (for now) December 31, 2007
United Nations Comic Books Designed to Brainwash Kids December 31, 2007
Ron Beats Rudy? New Hampshire could surprise a lot of people December 31, 2007

Ron Paul Will Finish 3rd in Iowa: Latest Zogby Poll January 2, 2008
Obama Girl Has a 'Crush' on Army Recruits January 2, 2008
4 Presidential Candidates Top Judicial Watch's 2007 Most Corrupt Politicians January 2, 2008
Bloomberg Grouping Bipartisan 'Unity' Government for 3rd Party Run? January 2, 2008
Kean & Hamilton: We Were Stonewalled by the C.I.A.
OIL HITS RECORD $100
GOLD HITS RECORD

Radar Magazine Hit Piece Obscures 9/11 Crimes to Revel in Conspiracy 'Cult-ure' January 3, 2008
Huckabee 'Friendly' With Richard Haass' CFR-Globalization Policies January 3, 2008
Bill O'Reilly Admits He Is "Frightened" By Ron Paul January 3, 2008
Ron Paul Air Corps Set To Soar Over American Cities January 3, 2008
No evidence of Iran smuggling weapons for Taliban: ISAF

Obama, Huckabee sweep to Iowa victories

New Group Raises $25,000 in 24-Hours to Fly Ron Paul Banners Over Key States January 4, 2008
Ron Paul Places 1st With Independent Iowans January 4, 2008
No Room on the 'Debate Bus' for 5th Place Ron Paul in Fox's Top-Five Forum January 4, 2008
Mexican farmers protest NAFTA, Say It Will Increase Illegal Immigration January 4, 2008
String of suicide bombings in Iraq

Checkpoint blast kills 4 in Iraq

Iraq still divided one year after Saddam's execution

ISRAEL GUILTY OF WAR CRIMES: UN

Fox News and Frank Luntz Caught Red Handed in Focus Group Fraud January 7, 2008
Trans-Texas Corridor Plans to Pave Over Branch Davidians January 7, 2008
Snubbed by Fox, Ron Paul Holds His Own Televised New Hampshire Forum January 7, 2008
Double Agent Gadahn Threatens Bush In Neo-Con Stunt January 7, 2008
"Hostile" Iranian Tiny Speed Boats Hyped By War-Hungry Neo-Cons On Eve Of Bush Trip Desperate for a Gulf of Tonkin style incident to reinvigorate momentum for an attack on Iran after the National Intelligence Estimate derailed the push for war, the Pentagon is crying foul over the alleged hostile intent of Iranian Revolutionary Guard Speed boats after an incident in the Strait of Hormuz this weekend.
New Cartoon Savages "Mr. 9/11" Giuliani The cartoon, produced by www.headastate.com/ titled Mr 911, pulls no punches as it highlights Giuliani's consistent use of 9/11 for political and personal gain, delves into his mob connections and his relationship with the now disgraced former Police Commissioner Bernard Kerik.
UK living standards outstrip US
Sarkozy's popularity wilts as his love life blooms...
Rappers who hate Sarkozy have a new recruit: his son...

Newscast's Chemtrail Investigation Reveals Dangerous Aerosolized Compounds January 8, 2008
Huckabee Resists the Urge to Take CFR Critic "Out Back and Shoot Him" January 9, 2008
U.S. Plans Outline Subsidized Pan-American Highway January 9, 2007
Institutions Need Networks; Human Beings Need Communities January 8, 2008
Recession in the US 'has arrived': Merrill Lynch
Sibel Edmonds: “If you made public all the information that the FBI have on this case, you will see very high-level people going through criminal trials”
Gargoyle ghouliani aka Mr. 911, mob connected giuliani invokes 9/11 when asked about Hillary’s crocodile tears.
US intelligence suggests coverup in John F. Kennedy assassination and suggests similar warren commission-like coverup approach in Bhutto assassination
McGovern urges Bush's impeachment
Hillary: Like bill and me, our friend bush 'doesn't have a soul’ which is why we have killed so many children in Iraq'
Vote Fraud Expert Warns Of New Hampshire Desperate clinton Chicanery
Obama: Clinton campaign 'sort of depressing'

Stocks Plunge in Volatile Trading...

COUNTRYWIDE Collapse...

Ron Paul Votes Not Counted In New Hampshire District January 9, 2008
NH: Pre-Election Polls Wildly Different Than Clinton/Obama Results January 9, 2008
Ten polls had Obama ahead of Clinton by double digits the day before NH primary:
The Spin: the “humane” connection with the (female) voters.
Reality: the contrived (there’s always a reason) coffee klatch, the crocodile tears (were real but for herself given lady macbeth’s perceived reality of loss), but not to fear (we’ll just have to win say criminal clintons again – which means america and the world loses again as has been so since bush/clinton/bush) and remember, the diebold voting machines are the bush/clinton friends. Indeed, in New Hampshire approximately 45% of the vote is hand-counted (hard to rig) while 55% of the vote is diebold machine tallied (by tech manager with narcotics trafficking conviction, prospective clinton pardonee who said he didn’t care about laws)…..You guessed it. Obama won the hand-counted vote and whoops, the pollsters were right, the criminal clintons won the machine tallied vote. Time to put the bushes/clintons in jail where they belong. What a failed, corrupt, banana republic criminal america is.
TTC Maps Detail Infrastructure Dismissed as "Conspiracy Theory" January 9, 2008
Huckabee Resists the Urge to Take CFR Critic "Out Back and Shoot Him" January 9, 2008
Clear Evidence Of Widespread Vote Fraud In New Hampshire
There were several major vote fraud issues to arise out of the New Hampshire primary revolving mainly around Ron Paul and Barack Obama, who were both seemingly cheated out of third and first places respectively as a result of rigged Diebold voting machines and deliberate malfeasance in the counting of hand-written paper ballots.
Iranian TV Says Iran-US Clash Video is Fake just like the moon video UFOetry: We Never Went To The Moon - The Award-Winning Documentary/Music/Video by John Lee
'The Mother of All Frauds'
The World: bush/u.s. threat to world peace.
It has been reported that bush is back on the sauce. 1-11-08

The World: israel/u.s. threat to world peace.

Ron Paul: 9/11 Commission 'Hid Ineptness' Like Most Government Investigations Do January 10, 2008
Media Struggles To Whitewash Clinton Vote Fraud Suspicions January 10, 2008
Diebold Voting Machine Contractor Executive Has Criminal Background January 10, 2008
Company responsible for machines throughout New Hampshire directed by convicted drug dealer. It has been revealed that a high ranking executive at the company that was contracted to program all of New Hampshire's Diebold voting machines has a criminal record and has previously defended the illegal act of "swapping out" memory cards for the machines during live elections.
Blair to be Advisor to Wall Street Bank JP Morgan: Report January 10, 2008

Bush to Israel: End Occupation

ISRAEL GUILTY OF WAR CRIMES: UN

Kucinich: Surprise Hillary Victory A "Mystery That Needs To Be Solved" January 11, 2008
Congressman Kucinich stated today that the huge disparity which Hillary Clinton overturned to defeat Barack Obama in the New Hampshire primary was a "mystery that needs to be solved" as he leads the charge for a recount to ascertain exactly how the pollsters could have got it so wrong, or if vote fraud took place.
Pollster Frank Luntz Confronted by 'Angry' Ron Paul Supporters January 11, 2008
Ron Paul: "Vote Fraud Is Not Beyond These People" January 11, 2008
CIA Confirms Ventura Meeting Occurred January 11, 2008
Kucinich Backs New Hampshire Recount
The Coming Fiscal Armageddon
Recession Severe or More Probable, Depression. Which?
Gold Hits Record $900 an Ounce...

ISRAEL GUILTY OF WAR CRIMES IN GAZA: UN

Real ID: From "No Fly" to "No Drive" Lists? January 14, 2008
Ron Paul Revolution Needs To Reunite January 14, 2008
'Second Thoughts about Fluoride,' Reports Scientific American January 14, 2008
Cynthia McKinney Wants Real CHANGE in 2008 January 14, 2008
Bush administration backs gun regulation
Reporter: Giuliani tossed my crying baby (get that venomous mad-dog mobster away from me she cried) 'like a football'
Michigan Crowd Boos McCain on Illegal Immigration
Romney Gets Dumber By The Day (His failed candidacy has no one to blame but his alter egos for whom he has become a shill, viz., cheney-his wyoming gold-who for the good of the country should have resigned along with bush and should have been impeached, and himself) : It's not torture unless you admit it ….. riiiiight…..anything you say mitt the sh*t
Gold hits record above $910
Dollar hits fresh record low vs Swiss franc
CIA, Iran & the Gulf of Tonkin
US drafting plan to allow government access to any email or Web search
California, banana republic land of fruits and nuts with a corrupt inept bureaucracy rivaling that of any failed communist regime much like america is fast becoming, wants to control home thermostats
U.S. option to bomb Iran still on the table Nobody actually said very much but Israeli officials seemed happy with how talks about Iran went here last week with U.S. President George W. Bush.
CITI COULD WRITE DOWN $24B; LAY OFF 20,000 WORKERS...
Hopes for investment from Chinese bank hit a snag...
Mum branded Princess Di a whore...
Gold breaks through $900 level...
...Dollar Nears Record Low
Return to Reason, Mr. Dumbya President
This Is Not the Time for Provocation: Saud
Editorial: Peace Now
China blogger beaten to death by 50 government officials
GIANT SLOTHISH ON AMERICA WRITE-DOWN OF $15B; SEEKS MORE FOREIGN CASH

We Are Change UK, Brian Haw Beaten & Arrested January 15, 2008
First Responder Confronts Kucinich on 9/11 Aid January 15, 2008
Ron Paul Could Capitalize on Michigan Primary Gaffes January 15, 2008
The New Al-Qaeda: Blonde Haired, Blue Eyed Westerners January 15, 2008
HILLARY WIN WAS NO MIRACLE-- VOTE WAS RIGGED: EUROPEAN PRESS
Diana warned of 'car crash plot to kill her'
Illegal immigrants increasingly go north
Olbermann accuses U.S of trying to FAKE new Gulf of Tonkin
Hillary Win Was No Miracle-- Vote Was Rigged: European Press
Wholesale Prices Up 6.3% in '07; Largest amount in 26 years
Dollar hits record low vs Swiss franc
Survey: Asia, Europe Has World's Freest Economies
Citigroup raises a whopping diluting $14.5 billion, cuts dividend, announces layoffs, $18 billion in write-downs and more to follow as subprime losses mount
Israel Continues War Crimes - Massacres 18 in Gaza
We’ll Go by Market Demand: Naimi
Banks get whopping diluting $21B foreign bail-out...
Disgraced Duke prosecutor bankrupt; lists $180M in liabilities...

Diebold Machine Rejects Ron Paul Votes in Michigan January 16, 2008
Scientific Study Finds Fluoride Horror Stories Factual January 16, 2008
Paypal Freezes New Hampshire Recount Funds January 16, 2008
Military Industrial Complex Biometric Surveillance Control Grid Revealing Itself January 16, 2008
Journalist: Pentagon Fabricated "Non Event" Iranian "Provocation"
Hillary Win Was No Miracle-- Vote Was Rigged: European Press
Microsoft is developing Big Brother-style software
"We're Next": Who Gave the Warning to "Stay off the E-Ring" of the Pentagon?
Israel Murders 3 More Civilians in Gaza
Top Iraqi judge assassinated - LA TimesIraq, Politics, 1/15/2008
For U.S., The Goal Is Now 'Iraqi Solutions': Approach Acknowledges Benchmarks Aren't Met - Washington Post
West Bank's Jewish 'Outposts' Dig In: Many Answer Bush's Demand For End to Illegal Settlements By Starting New Construction - Washington Post
Bush Alters Stand on Palestinians: Compensation Backed to Address Refugee Issue; President Again Urges Israel to End 'Occupation' - Washington Post Bush in Jerusalem wants end to Israeli occupation of the Palestinians
Israeli strike kills three Gaza civilians 'in error' on purpose(AFP)
Stocks churn and earn Rollercoaster...
Wealthy may be next in line in U.S. home crisis...
Inflation Rate Worst in 17 Years...

All Signs Point to More Inflation

With Intel's Disappointing Results, The Bull Market Has Ended

S&P 500 Falls Well Below Analyst Targets

Somber Fed Says Economy Has Lost Punch The Associated Press - WASHINGTON (AP) - Retailers, home builders and many manufacturers should brace for even more rough times ahead, a somber Federal Reserve suggested Wednesday amid growing fears that the US recession might be longer and more severe.

andy cuomo of the Queens, N.Y. mob-connected cuomos who mob-connected giuliani backed over Republican Pataki backs former dixie mob-connected clintons (they’ve moved up to the big time mob-land, new york/new jersey ‘tony-soprano-land’) like guinea pelosi (her big change to failed, inept congress is gourmet food for congressional cafeteria) is loyal footsoldier as he accuses Obama of shuck and jive when everyone knows that a real new york (or new jersey, now california with the young gangs of which tony villar, name changed to villagairosa, la mayor and clinton shill and former gang member who failed the bar exam 4 times, was a part) attorney general could spend a whole career putting mob wops in jail and not even scratch the surface. So much for “squeaky-clean” jewish mobster spitzer who was desperate for a guaranteed gubernatorial win, having already shaken down most of the other corrupt new york bureaucracy/establishment.

MERRILL LYNCH Posts Record Loss on $15B Writedown; Failed Investments...January 17, 2008
Olmert to Wage a War Against Gaza Freedom Fighters RAMALLAH/GAZA CITY, 18 January 2008 — Israeli airstrikes killed five Palestinians, including a mother and child, in the Gaza Strip yesterday as Prime Minister Ehud Olmert vowed to wage a “war” because the Christ-killing Israelis/jews love blood.
US housing starts plunge 14.2 percent January 17, 2008

Preacher: Clinton 'did same thing to us that he did to Monica Lewinsky'...

NYT THURSDAY: BILL CLINTON FEELING THE HEAT, LOSING TEMPER... DETAILS... DEVELOPING...

STOCK JITTERS: Dow Ends Down 307as Economic Reality Counts... January 17, 2008
Techs rationally slipping into gloom...
Philadelphia Fed Index, the regional manufacturing survey came in at -20.9, its lowest number
since October 2001. The consensus estimate predicted a reading of -1.5. Since the number is below zero, it reflects contraction. January 17, 2008
Panic mode as bush, congress (record low approval ratings) discuss $150 billion they don’t have to lift economy

CANADA PUTS U.S./ISRAEL ON WATCH LIST FOR TORTURE/TERROR/WAR CRIMES January 17, 2008

ISRAEL GUILTY OF WAR CRIMES: UN

New Hampshire ballot boxes found slit January 18, 2008
Biggest drop in US housing starts since 1980 January 18, 2008
Sinking Sterling Is Catching Dollar's Disease: Michael R. Sesit January 18, 2008
Israeli Bombing Flattens Elected Government Infrastructure and Citizenry January 18, 2008
Odds are, U.S. is in a recession January 18, 2008

Housing Starts Are Still Tumbling
Woman killed, dozens wounded in new Israeli strikes on Gaza (AFP)
World Chess Champion Bobby Fischer Dies...
KEVIN BOOTH: AMERICAN DRUG WAR In this special report, Alex is joined by Kevin Booth, whose new documentary film American Drug War has taken independent cinema by storm and won several awards. American Drug War shows how money, power and greed have corrupted not just drug pushers and dope fiends, but an entire government.
CANADA ADDS U.S. TO LIST OF NATIONS THAT TORTURE

U.S. ECONOMY FALLS AFTER TEETERING ON THE BRINK
KILLING CIVILIANS, CAREFULLY: PRECISION BOMBING IN IRAQ AND AFGHANISTAN
ISRAEL GUILTY OF WAR CRIMES IN GAZA: UN

OBAMA CAMPAIGN: THE CLINTONS AND THE DISCREDITED CAUCUS...Sat Jan 19 2008 ET
TO: Interested Parties FR: David Plouffe, Obama Campaign Manager DA: January 19, 2008
RE: The Clintons and the Discredited Caucus
Barack Obama is very proud of the effort that he and his campaign have made in Nevada. As people head to their Caucus sites this morning, we have closed over a 25-point gap in a state where Hillary Clinton was the choice of much of the political establishment and enjoyed huge advantages in terms of name identification…...And now, according to Jon Ralston, allies of the Clinton Campaign may be planning to challenge voters at the at-large precincts. It is a sad day when Democrats start trying to suppress the vote of other Democrats. Beginning with the lawsuit filed by their allies to suppress turnout among union members, the Clinton Campaign has been engaged in a systematic effort to discredit the process – a process which was pushed, developed, and approved by their supporters at the Democratic National Committee and in Nevada. It wasn’t until Obama began gaining strength in a state they expected to win by at least 20 points that they began their attempts to delegitimize the process. Former President Clinton said that this caucus “was not like an election” and that it disenfranchised voters. Even though the lawsuit was rejected as completely meritless by a federal judge, we remain concerned that the specter of the lawsuit has confused voters and threatens turnout at the at-large precincts, which may have been the intent of the Clinton allies all along. The Clinton Campaign has also repeated the efforts it made in the closing days of the New Hampshire primary by launching knowingly false attacks on Barack’s opposition to Yucca, his 100-percent pro-choice rating, and position on Social Security. There have been push polls and robocalls pushing these false attacks. And just last night, former President Clinton made two false and outrageous allegations, distorting a radio ad that does not even mention Senator Clinton and accusing the Culinary workers, whose support both Clintons furiously sought, of engaging in deliberate voter suppression. The conduct of the Clinton Campaign in recent weeks essentially makes the case for why we need Barack Obama – it’s the same old-style say anything or do anything to win, divisive attacks that have prevented progress in this country for so long.

NH: Pre-Election Polls Wildly Different Than Clinton/Obama Results January 9, 2008
Ten polls had Obama ahead of Clinton by double digits the day before NH primary:
The Spin: the “humane” connection with the (female) voters.
Reality: the contrived (there’s always a reason) coffee klatch, the crocodile tears (were real but for herself given lady macbeth’s perceived reality of loss), but not to fear (we’ll just have to win say criminal clintons again – which means america and the world loses again as has been so since bush/clinton/bush) and remember, the diebold voting machines are the bush/clinton friends. Indeed, in New Hampshire approximately 45% of the vote is hand-counted (hard to rig) while 55% of the vote is diebold machine tallied (by tech manager with narcotics trafficking conviction, prospective clinton pardonee who said he didn’t care about laws)…..You guessed it. Obama won the hand-counted vote and whoops, the pollsters were right, the criminal clintons won the machine tallied vote. Time to put the bushes/clintons in jail where they belong. What a failed, corrupt, banana republic criminal america is.
SC voting machines not set to zero before voting started

South Carolina primary plagued by bad voting machines, snow
Mexico Ready to Interfere in U.S. Elections
Gaza Reels From Israeli Lockdown

Israeli Ministers Call for Nasrallah’s Assassination

Editorial: For the israeli War Criminals Yet Another War Crime

OBAMA RIPS INTO BILL CLINTON MONDAY... DEVELOPING....

Ron Paul Predicts Giuliani Dropout January 21, 2008
Conference Promotes Global Citizenship January 21, 2008
Republicans: FISA Authority in Constitution January 21, 2008
Shh! Ron Paul Places 2nd in Nevada January 21, 2008
Email missing from Cheney's office on day White House told to preserve documents in CIA leak
Anti-war veterans' group: War crimes are 'encouraged'
Impeachment of Cheney now
Covering Up the Coverage - The American Media's Complicit Failure to Investigate and Report on the Sibel Edmonds Case
Pentagon Report On ‘Real Toll’ Of Iraq War: 1 In 5 Vets Are Affected By ‘Mild Traumatic Brain Injuries’
Black Monday as biggest FTSE crash since 9/11 wipes off nearly £60bn in shares
Lebanese army opens fire on provocative violation of air space by israeli jets
Asian, European Markets Plunge
Black Monday as biggest crash since 9/11 wipes off nearly $120B in shares
LONDON PANICS OVER MARKET MELTDOWN
Kingdom Slams Gaza Blockade RIYADH, 22 January 2008 — Saudi Arabia yesterday denounced the Israeli atrocities against the Palestinians in Gaza and West Bank and urged action…..
World Stock Markets Crash
What Bush Left Behind GAZA CITY, 22 January 2008 — Since US President George W. Bush’s visit to this part of the world, at least 38 Gazans have been killed and another 1,500 injured as a result of israeli war crimes…..
BILL HAS A 'DREAM': Ex-Prez Nods Off During MLK Service... VIDEO...
Stock Markets Plunge Worldwide...
Nikkei fell nearly 5% on opening Tuesday...
Obama Calls Perjurer and Pathological Liar Bill Clinton Untruthful...
Atlanta mayor takes shot too...
THE PANIC OF '08

Will the Economic Crash Wake People Up? January 22, 2008
Calls for NATO to Adopt Pre-emptive Policy Against Nukes January 22, 2008
"Roe" of Roe v. Wade to Endorse Ron Paul January 22, 2008
NH Election Update: Diebold Gave Clinton, Edwards 7.5% Over Hand Count in Nashua January 22, 2008
CHILL MR. BILL SLUGGO...
Daschle: 'I think it's not presidential to be part of the bush/clinton crime families'...
Stunning jump in bubble-market-banana-republic California foreclosures...
ROAR OF THE BEAR MARKET...
Stocks Plunge on Already in Recession Recession Fears...
USA Moves to Pretend to Avert Inevitable Economic Meltdown...
Fed's deep rate cut seen as 'once-in-a- generation' Desperation...
APPLE Profit Rises 57%; Shares Fall on Grim Outlook...
Major Layoffs for YAHOO...

Colin Powell Confronted on Use of Depleted Uranium January 24, 2008
NY Post Calls 'Lunatics' at Ground Zero "Purely Obscene" January 23, 2008
What Referendum? MPs Confronted on Yielding British Sovereignty to EU January 24, 2008
Norman Podhoretz: Stopping Iran- Why the Case for Military Action Still Stands January 23, 2008
Kramer Calls For Investigation Of Fed
Apple shares fall 11 percent on outlook concerns
Crisis far from over, even with emergency cut
U.S. budget deficit likely to hit $250 billion this year not including cost of stimulus to keep incumbents in office as economy weakens
Let Market Crash Now Or Face Financial Train Wreck Experts encourage facing reality that stocks are overvalued due to weak dollar, but Fed set to continue with dangerous sweeping rate cuts. The Fed's continued obsession with slashing interest rates and printing money in order to maintain the facade of the grossly overvalued stock market while the dollar collapses is precipitating a financial holocaust. Yuppies need to cut their losses and accept a soft crash now or place the very pillars of the American economy in danger…..Chambers says the outlook is bleak through to the end of 2010 and that without this "puke" the second leg of the credit crunch could lead to a "financial train wreck on a scale not seen by the current generations". Facing the reality of the fact that the stock market is grossly overvalued due to the weakness of the dollar and is due a severe correction seems impossible to accept for the yuppies who have buried their heads in the sand and consumed establishment propaganda that the economy was "in good shape" for the past three years.
Hamas appeals to Arab states to force Israel to stop crimes
Gaza situation 'extremely fragile', UN and US reactions
Kuwait condemns Israel for creating human tragedy in Gaza
Gaza electricity cut 'alarming,' says UK
Iran: international bodies mum on Israeli crimes
Drop in Iraq Basra violence after UK withdrawal
Gaza Gripped by Cold and Darkness After Israel Blocks Delivery of Fuel - Washington Post
Palestine-Israel, Politics, 1/22/2008
Israeli Airstrike in Gaza Kills 2 Hamas Members - NY Times
Palestine-Israel, Politics, 1/22/2008
Mayor okays 7,300 new homes in east Jerusalem: TV - Yahoo
Palestine-Israel, Politics, 1/22/2008
DOW 600 POINT SWING...
FEAR FOR USA AT DAVOS...
Soros: Worst crisis in 60 years...

Colin Powell Confronted on Use of Depleted Uranium January 24, 2008
The NY Post's 'Obscene' Gesture Towards 9/11 Truth January 24, 2008
What Referendum? MPs Confronted on Yielding British Sovereignty to EU January 24, 2008
Corporate Media Ignores Ron Paul's Second Place In Louisiana January 24, 2008
The Era of Dynastic Politics, Where Nothing Really Changes except the speed of america’s downward spiral in all ways
Forget 1987, This Could Be 1929 All Over Again
Olbermann: It’s the Economy, Stupid
FLASHBACK: Economists Predicted That A Prolonged U.S. Presence In Iraq Could Lead To A Recession
John Taylor Gatto: Dumbing Down America
Senator Dodd renews call against telecom immunity
CIA document talks of need to "remove" Martin Luther King from leadership of "Negro movement"
Hamas Scores Another Victory: Israeli Media
WORLD'S SECOND BIGGEST SCAM AFTER WALL STREET: Rogue French banker loses $7 BILLION...

Did Ron Paul Win The Louisiana Caucus? January 25, 2008
Two More Gardasil Deaths Causing Alert in UK Over 'Jab for Girls' January 25, 2008
Ron Paul Shunned in Blatantly Unfair MSNBC Debate January 25, 2008
Lord Save Us From Useful Green Idiots January 25, 2008
US quietly demands Iraq give defense contractors, US military immunity from war and other crimes prosecution
Gold, platinum hit records as dollar weakens, jitters linger
Out of the ashes a New World Order As the United States faces an economic crisis that is being compared by experts to the 1929 Great Depression, rational people are proclaiming the fall of the U.S and the end of criminal bush sr’s self-proclaimed new world order.
Economic Stimulus Package Ignores the Laws of Economics
http://infowars.com Alex welcomes Saint John Hunt, the son of Former CIA agent and Watergate conspirator E. Howard Hunt, to discuss new revelations in his father's involvement in the JFK assassination conspiracy which he has written about in his new book Bond of Secrecy.
Alex joins host George Noory in a discussion of the most important issues of our time:The beginning of the global financial collapse and needs to look at the pervasively corrupt Americans behind same instead of casting blame elsewhere.....
The cashless society control grid now in its final phase of completion that will be used to dominate and oppress humanity...
And most important of all - how each of these pieces of the puzzle together reveal the Elite's terrifying master plan: The End Game.
In attempt to provoke more conflict war criminal nation israel Bars Palestinians From Entering Al-Aqsa
NOONAN: Bush destroyed the Republican Party…..and clinton destroyed the Democratic Party (remember their loss of all branches of government in the clinton scandal scarred years)…..because they’re crime families that don’t want or need civilized political process…..
clinton accuses Obama of “slumlord” connection with Rezko because as an Associate he worked some minimal hours on this client of the firm where he was employed as an Associate, when the real connection existed between the clintons and Rezko 'I DON'T REMEMBER MEETING REZKO'SAYS PATHOLOGICAL LIAR AND CRIMINAL CLINTON.....
Kerry blasts former president, a perjurer and pathological liar for 'abusing truth'...
Bill ‘i din’t have sexual relations with that woman’ clinton again wagging finger, raising eyebrows...
HOME PRICES FELL IN '07 FOR FIRST TIME IN DECADES...
stallone vs. Norris
While I’m a fan of neither (and the following is not to be construed as an endorsement or not of their picks), their endorsements of political candidates has led some to speculate as to which of them would prevail in an actual physical fight. THERE IS ABSOLUTELY NO QUESTION (100% probable outcome) BUT THAT CHUCK NORRIS WOULD KICK STALLONE’S STEROID-FILLED, PIMPLY, GUINEA ASS. The roids have gone to rambo’s brain who is a legend in his own fantasy-filled mind (stallone quips that action heroes today are, unlike him, too intellectual…..riiiiight Rambo…..like, ie., SUPERMAN, SPIDERMAN, BATMAN, ETC.). What a typically dumb wop stallone is. Yo, Adrian.

EXITS: Bill Clinton's campaigning 'hurt'...
68% of white voters say Clinton unfairly attacked Obama...

`Caroline Kennedy Endorses Obama: 'A President Like My Father'...`
`A WINNING SMILE: OBAMA 55% ... CLINTON 27%... EDWARDS 18%...`
`Bill Clinton: McCain And Hillary Are 'Very Close'...`
`Kennedys Endorse Obama...`
`*Bill phoned to try and derail...`
`Caroline: 'A President Like My Father'...`
`Chávez pushes for withdrawal of international reserves from U.S. banks...`
Street slashes fourth-quarter earnings growth with much worse to follow is the real view

U.S. mortgage crisis creates 'ghost town' in Cleveland suburb...

Gandhi Grandson Quits After Criticizing Jews ROCHESTER, New York, 27 January 2008 — Mahatma Gandhi’s grandson resigned from the peace institute he co-founded after condemnation of his comments that Israel and the Christ-killing Jews are the biggest players in a culture of violence that “is eventually going to destroy humanity.” Arun Gandhi, the fifth grandson of the revered pacifist, said on Friday that his comments, which were posted on an online forum, were meant “to generate a healthy discussion on the proliferation of violence.”
Arun Gandhi Resigns After Speaking the Truth From NY Peace Center The Associated Press - ROCHESTER, NY (AP) — Arun Gandhi said he learned at his grandfather's feet that the world's major conflicts can only be tackled by (first eliminating war criminal nations like Israel) ...
Gandhi's grandson resigns from peace institute Sify
Gandhi's Grandson Quits Nonviolence Center Washington Post
Bapu’s grandson resigns from US institute for peace Merinews

IS THERE ANYONE DUMB ENOUGH TO BELIEVE EVEN A WORD DUMBYA BUSH SAYS SINCE HE IS WRONG AND LIES ALL OF THE TIME? DID THEY EXPECT HIM TO DO OTHERWISE IN THE JOKE STATE OF THE UNION? HISTORY WILL WRITE HIM AND HIS AS A FAILED PRESIDENT AND A WAR CRIIMINAL TO BOOT.

MORE ON MCCAIN AND ALITO by James Oliphant As we await the State of the Union, here's an update on this morning's imbroglio involving Wall Street Journal columnist John Fund and his report that Sen. John McCain has told "conservatives" that he would support Supreme Court nominees in the mold of John Roberts, but not Samuel Alito…..
If McCain said this, he is to be commended inasmuch as I know (and have sworn under penalty of perjury) alito to be a typical corrupt (sopranoland) new jersey guinea who parleyed obstruction of justice as (a failed) u.s. attorney for the mob infested state of n.j. into a less than distinguished judicial career.

McCain Promises To Bankrupt the Nation Faster With More Misguided War Mongering/Rhetoric, Proving His Critics Right About His Aging Beyond Repair Brain and Lack of Economic Knowledge Focusing Like the Failed President Before Him, dumbya bush, only on War

Bush says prescription meds and an occasional belt, war crimes and blood, and faith in all that is devilish helped him go down to new lows in polls, achieve record deficits and decline in u.s., all while deceptively but not really sober

Bush Seeks Legacy as Dry Drunk (not really so dry) and Talks of Past Addiction Washington Post - By Michael Abramowitz BALTIMORE, Jan. 29 -- President Bush plopped himself into a chair between two former prisoners, Thomas Boyd and Adolphus Moseley, and asked to hear how their lives had changed.
Video: Bush Uses Addiction To Inspire Others Video: Bush Uses Addiction To Inspire Others wbal
Bush Enlists Alcohol Past in New Cause New York Times

Mike more of the same mukasey refuses (and gutless democrats are glad-another bull s**t talking for which they will whine and do nothing) to judge waterboarding

Bev Harris: New Hampshire Recount a "Criminal Enterprise" January 28, 2008
Neo-Con Hugh Hewitt Excludes Ron Paul Results from Primary Listings on Blog January 28, 2008
Ron Paul Can Win Maine January 28, 2008
TV News Report on Fluoride Poisoning January 28, 2008
New Hampshire Recount Delay Stokes Suspicions Fresh from her confrontations in New Hampshire during which public officials were grilled about slapdash chain of custody and ballot box tampering issues, Bev Harris is now convinced that a "criminal enterprise" is running the primary recount.
Dollar down as investors brace for more rate cuts
Weak Dollar Fuels China's Buying Spree Of U.S. Firms
FEDS: New Home Sales Fall by Record Amount...
Economy Stronger Now Than Last Year? Rubbish! (at Seeking Alpha)
Faith In System Erodes Brick By Brick (at Seeking Alpha)
A Beautiful Model for Loan Fraud (at Seeking Alpha)
Commercial Real Estate Crash is Underway (at Seeking Alpha)

Harris Calls For Resignations In New Hampshire Recount Fiasco January 29, 2008
Romney Loses Florida NewsTalk Host's Vote to Ron Paul January 29, 2008
Multiple Voting Machine Problems Reported In Florida January 29, 2008
Police Threaten to Arrest Alex Jones and Other Demonstrators at Rick Perry Protest January 29, 2008
Harris Calls For Resignations In New Hampshire Recount Fiasco
Fresh from her confrontations in New Hampshire during which public officials were grilled about slapdash chain of custody and ballot box tampering issues, Bev Harris told the Alex Jones Show that a "criminal enterprise" is running the primary recount and has called for Secretary of State William Gardner to resign and his assistant to be fired.
WHAT A FAILED, CORRUPT, MEANINGFULLY LAWLESS, WAR-CRIMING/WAR MONGERING BANANA REPUBLIC AMERICA IS!
Howard Highlights Ease Of Recount Fraud
MOB MAN RUDY THE DOODY GHOULIANI’S FLORIDA STRATEGY PAYS OFF…..NOT!
Former spy chief confirms US waterboarding
DOD wants $70 billion more for wars
Showdown in Blackwater's Backyard
Arun Gandhi: Man of Truth,Peace & Good Will
Knesset Member: 'Gay plague' will destroy Israel...
10-city home price drop a record...
Nevada Top Foreclosure Rate...
FBI in subprime crackdown...
Fed in Panic Mode and looks set to cut rates more since already in recession
UBS subprime losses deepen, bank deep into red
Subprime crisis draws FBI scrutiny as Fed meets
UBS to Post Record Full-Year Loss On Further Mortgage Write-Downs
UPDATE - RESEARCH ALERT-Oppenheimer downgrades Merrill Lynch
Yep, It's a Bear Market

CORRUPT BANANA REPUBLIC CALIFORNIA FORECLOSURES UP 238% FOR 2007 AND UP 680% FOR 2 YR. PERIOD ’06-’07.

Giuliani Admits Ron Paul Won All The Debates January 30, 2008
DARPA’s iXo Artificial Intelligence Control Grid January 30, 2008
Mitt Romney-John McCain-Ron Paul Debate Wednesday Night? January 30, 2008
Folk Legend Arlo Guthrie Endorses Ron Paul for President January 30, 2008
Burnt out, bungling, bumbling dry drunk (when he’s not catching a belt or two) bush Waives Ban On Permanent Bases In Iraq Through Signing Statement On Defense Act
Dollar falls broadly as Fed slashes interest rates The dollar sank to a fresh two-month low against a basket of major currencies on Wednesday after the Federal Reserve cut benchmark U.S. interest rates by a half percentage point and warned that more would likely be needed to support the faltering economy by creating hyperinflation with worthless dollar - smoke and mirrors.
U.S. gold futures jump to record high above $940
Economy suffers worst quarter since 2002
FEDS: Economy Nearly Stalled in 4th Quarter; Suffers Worst Year Since '02
Banks 'May Write Down $70 Billion'
10-city home price drop a record
Ahmadinejad tells West: Accept Israel's 'imminent collapse'
Israeli Inquiry Finds ‘Grave Failings’ in war crimes and yet another illegal ’06 War
Asia gripped by volatility and no confidence in u.s. after Fed panic rate cut
Asia Slides Lower on Sentiment and Storms TheStreet.com
Israeli Army Failed in Lebanon War: Winograd Report
Illegals May Get Rebates as Part of Stimulus Package...
NYT PAGE ONE THURSDAY: TOP CLINTON DONOR: FROM NOVICE TO A FORTUNE IN URANIUM...
HEAT: Obama Says the obvious that Clinton Would Be a Step Back...

Ron Paul Cheated Again During CNN "Debate" January 31, 2008
Madeline Albright Confronted by We Are Change Seattle January 31, 2008
Morgan Stanley Strategist: Buy Remote Land, Stored Food & Guns January 31, 2008
Bill Clinton: 9/11 Was NOT An Inside Job... Because People Died January 31, 2008
Bill Clinton has angry response for 9/11 heckler
Bill Clinton: Pauperize the Populace to Cure Global Warming
Bill Clinton: 'We Just Have to Slow Down Our Economy' to Fight Global Warming. Don’t worry about that sluggo, that’s already reality. Is he kidding
clinton clearly is suffering, mentally and physically, the after effects of his fairly recent maladies and open-heart surgery; his inveterate lies not as crisp nor his grift as smooth; he never was anything but a defective and less than rational thinker in addition to being a psychopath and pathological liar and an unconflicted criminal by any standard; clinton’s really losing it; clinton’s lost his edge.
ABC: Hillary Clinton Remained Silent As WAL-MART Fought Unions; Tapes Show Loyal Company Woman

Hitlery clinton Says She Can Control Her Husband …..riiiiight hill, history really bears that out….. how odd
GALLUP POLL: OBAMA RISING; UP 11-POINTS IN WEEK...

OBAMA BREAKS FUNDRASING RECORD: $32 MILLION -- 170,000 NEW DONORS FOR JANUARY...
hitlery clinton on the bush/clinton/bush crime families – they clean up after each other’s criminal messes and keep each other out of jail – the doj had the clintons but family partners in crime bush let them off the well deserved hook (mary jo whitewash) as bush says put same behind them, kept some of the clinton criminals (berger, etc), and added some of their own.
Colbert Report: 'Classic' Ron Paul Calls It Again on Ending Iraq War February 2, 2008
Ron Paul Tax Adviser February 2, 2008
Hamas Slams Visits of Solana, Blair

Fake Conservative Coulter To Vote For Fake Liberal Hillary February 2, 2008
Neo-con lapdog bigmouth Ann Coulter has declared that she will vote for Hillary should John McCain win the GOP nomination, declaring Clinton to be "more conservative".
Middle East Internet Blackouts Spur Geopolitical Suspicions February 2, 2008
Unprecedented mass Internet outages throughout the Middle East and Asia after no less than four undersea Internet cables were cut without explanation are spurring suspicions that a major event of geopolitical proportions may be just around the corner.
Olbermann: Bush push for telco immunity 'textbook example of fascism' February 2, 2008
Federal Reserve Stealing Iraqi Oil Revenues February 2, 2008
Chomsky: US acts like Nazi Germany February 2, 2008
U.S. loses jobs for first time in 4-1/2 years
70% Of Americans Think Country Headed The Wrong Way
Hillary Gets Question On Bush/Clinton (u.s. in decline) Dynasty Vote Hillary for no change whatsoever.
Women Bombers In Iraq Kill 72
OPEC Rejects US Demand for More Oil
US envoy: Iran gained from US invasions
Financials cause slide in S&P 500 profit
OIC Condemns Gaza Siege; Urges Immediate Action by UN JEDDAH, 4 February 2008 — The Organization of the Islamic Conference (OIC), which groups all Muslim countries, yesterday lashed out at Israel for the crimes it is committing against Palestinians…..
`Israeli soldiers suspended for mooning Palestinians...`
U.S. military says it accidentally killed 9 Iraqi civilians
A Double Dose of Clinton Is Not What the World Needs It is not a question of who has the dominant personality— Bill or Hillary Clinton? If we hadn’t caught the penny before we certainly heard it drop in South Carolina. Bill and Hilary are criminals and is “two for one” and more of the same bush/Clinton crime families…..
`First Lady of California, Shriver, Endorses Obama...`
`REUTERSC-SPANZOGBY POLL: Obama, Romney widen CA leads... Dem Deadlock in NJ; 17-point Obama edge in GA... ZOGBY: 'The momentum is with Obama'...`

Video: Willie Nelson Questions Towers' Demolition on 9/11 February 5, 2008
Local News Covers Willie Nelson's 9/11 Remarks February 5, 2008
Q4: Ron Paul Receives More Military Donations Than All Other Republicans Combined February 4, 2008
McCain Claims Iraq ‘Casualties Are Coming Down,’ Yet Actually Increased In January February 4, 2008
U.S. Troops Asked If They Would Shoot American Citizens
UAE likely to revalue dollar-pegged currency
Bush inaction guts privacy oversight board
Mass Psychology and Education
CBS: Little e-voting accountability on Super Tuesday
McCain Claims Iraq ‘Casualties Are Coming Down,’ But Casualties Actually Increased In January
U.S. Says It Accidentally Killed 9 Iraqi Civilians
Sy Hersh confirms: Syrian facility bombed by Israel was not nuclear
10-city home price drop a record Home prices in 10 major metropolitan areas fell a record 8.4 percent in the year through November, suggesting the housing slump is worsening
In his report on the Sunday Edition of Alex's National Show, Alex discusses the coming recession and economic depression, the real state of the stock market, how foreign corporations are buying up U.S. infrastructure and how the Council on Foreign Relations recently called for the collapse of the dollar and its replacement with a global currency.
U.S. Troops Asked If They Would Shoot American Citizens
Q1 Outlook: The 'R' Word (at Seeking Alpha)
China's Inflation Hits American Price Tags (at Seeking Alpha)
Bubble Economy Endgame (at Seeking Alpha)
The Overhang of LBO Debt (at Seeking Alpha)
Jobs Contract as 2007 Job Growth Revised Away (at Seeking Alpha)

2-05-08 Even more crocodile tears from hitlery clinton

Dam Breaks, ABC News Covers Willie Nelson 9/11 Story February 5, 2008
Fmr VP Walter Mondale & Fmr. Senator Dayton Support New 9/11 Investigation February 5, 2008
We Are Change Colorado Confronts Bill Clinton February 5, 2008
Revealed: British plan to build training camp for Taliban fighters in Afghanistan February 5, 2008
Local News Covers Willie Nelson's 9/11 Remarks
VIDEO: Willie Nelson: Towers Demolished on 9/11
Drudge Report Cans Willie Nelson Story
Debunkers' Best Rebuttal: "Willie Smokes Pot"
Willie Nelson: Twin Towers Were Imploded On 9/11
Willie Nelson Fears Election Could Be Cancelled
Breitbart TV: Willie Nelson - Towers Imploded Like Condemned Vegas Casinos
OpEd News: Willie Nelson Fears "an Event" that Could Keep Bush in Office for Another 10 Years
MP3: WILLIE NELSON ON THE ALEX JONES SHOW (Entire Hour)
9/11 inquiry head 'tried to shield George Bush'
It's a truly terrifying paradox. In the name of freedom, Britain is becoming a police state
Reclusive writer was tortured by 'sadistic' gang then beaten to death, Old Bailey told
Three different versions of "suicide attack" in israel contradict each other
Stocks tumble on recession signs
Services index plummets, points to recession
Olmert Too Weak to Deliver
CLINTON: AR, AZ, CA, MA, NY, NJ, OK, TN
OBAMA: AK, AL, CT, CO, DE, GA, ID, IL, KS, MN, MO, ND, UT
HUCKABEE: AL, AR, GA, TN, WV
MCCAIN: AZ, CA, CT, DE, IL, MO, NJ, NY, OK
ROMNEY: CO, MA, MN, MT, ND, UT
DOW DOWN 370...
Recession and property defaults growing; Trend is undeniable...
Alabama: Obama 60, Clinton 37... Arizona: Obama 51, Clinton 45... Connecticut: Obama 53, Clinton 45... Delaware: Obama 56, Clinton 42... Georgia: Obama 75, Clinton 26... Illinois: Obama 70, Clinton 30... Massachusetts: Obama 50, Clinton 48... Missouri: Obama 50, Clinton 46... New Jersey: Obama 53, Clinton 47...
Ruptures call safety of Internet cables into question...
Conspiracy theories emerge...
U.S. acknowledges war crimes, war profiteering, and use of torture including waterboarding
International law violator and war crimes nation israel kills 9 civiliians in Gaza in unprovoked attack (Reuters)

O'Reilly Calls Willie Nelson a 'Pinhead' for His 9/11 Remarks February 7, 2008
Alex Jones Interviews Willie Nelson (Six Parts) February 6, 2008
French Authorities Investigating Vaccine Companies for Manslaughter February 6, 2008
Parents Producing 'Battery-Farmed' Children Who Never Play Outside: Minister February 6, 2008
Hillaryous: "Not a lot of truth" to North American Union
Sophisticated Mexican kidnapping cells plot abductions of Americans...
ELECTION SHOCK NOT SO SHOCKING: OBAMA CLAIMS DELEGATE LEAD... Pre-election polls immediately preceding california primary showed Obama with a clear lead over clinton. Moreover, it is reported this day that Obama actually won more delegates than clinton which the press which has shilled clinton as their anointed one refuses to report. Then there’s the double bubble chads and voting irregularities in former gang member and la mayor tony villar's (now villagairosa) la county.
Interestingly, despite Obama’s pre-primary poll lead, the election was called for hillaryous Clinton with no more than 17% of the vote tallied. What did they know and when did they know (the fix was in) it?

Vermont Supporters of Arrest Warrant for Bush, Cheney Outweigh Opponents

Israel kills five civilians, freedom fighters, teacher in Gaza (Reuters)

International war criminals/provocateurs israeli aircraft pound Gaza (AFP)

Mob Sweeps in NYC, Italy Target Gambinos The Associated Press
NEW YORK (AP) - Authorities arrested dozens of people Thursday in a sweeping Mafia takedown aimed at closing the book on decades-old gangland killings and other crimes and knocking out what's left of the once-mighty Gambino family.
The Gambino crime family is dealt another crippling blow Newsday
Dozens sought in mob raids in US, Italy San Jose Mercury News
FBI Arrests 'The Greaseball,' 'Jackie the Nose,' 'Tommy Sneakers,' and 'Bobby the Jew'...
Dozens Sought in Mob Raids in USA, Italy...

Presidunce george dumbya bush explains that preemptively attacking other nations is freedom.
Hamas Rejects Abbas’ Truce Offer as Israel Kills 7 civilians including children in Gaza
Survivor Claims Seeing US Soldiers With Local Troops Involved in ‘Massacre’
Clint Eastwood: Ann Coulter, conservatives 'very masochistic' and sadistic...
Buffett: Bank woes are 'poetic justice'...
'Euros Accepted' signs pop up in New York City...
Soothsayers: Tension, disaster, turbulence -- welcome to the Year of the Rat!

O'Reilly Calls Willie Nelson a 'Pinhead' for His 9/11 Remarks February 7, 2008
Campaign Donations: Rockefeller Backs Hillary; Kissinger Backs McCain February 7, 2008
Top Cop Says McCain Was Never Tortured February 7, 2008
Why a Third-Party Candidacy Makes Sense for Ron Paul February 7, 2008
Ron Paul's Name Crossed Out On New York Ballot Papers
O'Reilly the Phone Sex Pervert Smears An American Icon And Declares Himself A Patriot
Buchanan: John McCain ‘Will Make Cheney Look Like Gandhi’
Conservative leader: I'm not sure conservatives trust' McCain
McCain Aide Is Dual Citizen of Mexico
Kidnappings of U.S. citizens on rise
Jack McLamb and Alex Jones: Is McCain the Manchurian Candidate? A number of Vietnam Veterans and P.O.Ws have great disdain for the Senator from Arizona and this should be worrisome to the McCain Camp as he struggles to patch the GOP factions together under his banner
Romney Surrenders at Neocon Altar Tells neocons at the Conservative Political Action Conference he will “stand aside” to stop Hillary, Obama, and “aiding a surrender to terror,” as if Hillary, Barack work for al-Qaeda
Top Cop Says Songbird McCain made 32 propaganda videos for the communist North Vietnamese in which he denounced America, Provided Information, and Was Never Tortured

White House defends the indefensible including war crimes, torture such as waterboarding, incompetence, etc., because they can and, because they’ve done same, they must; CIA chief uncertain
Consumer confidence sinks even lower
Data suggest economy stagflating

BW: Steve Ballmer Should Focus -- Like the Other Steve The Mac Observer - by John Martellaro , 1:05 PM EST, February 8th, 2008 Big mergers in the high-tech industry have been colossal failures, and the same can be expected of Microsoft and Yahoo. Microsoft's Bid for Yahoo Continues to Draw Flickr's Ire Wired News

NEW RECORD LOW APPROVAL RATE FOR BUSH 30% AND CONGRESS 22% (OTHER LESS CONSERVATIVE POLLS SHOW EVEN WORSE NUMBERS)

McCain's Presidential Ambitions Set To Be Swiftboated February 8, 2008
McCain Aide Is Dual Citizen of Mexico February 8, 2008
Could Ron Paul Become the "Cinderella Man" February 8, 2008
The Onion: 'They Forgot 9/11'… And So Ends Giuliani’s Campaign of Fear February 8, 2008
Recession to be longer than usual: UMich Reuters February 8, 2008The U.S. economy has entered a recession that will be more painful and drawn out than the usual downturn, the director of the Reuters/University of Michigan consumer sentiment survey said on Friday. Inflation pressures will linger despite the retrenchment in consumer spending, complicating the task of policy-makers, the University's Richard Curtin said in a report, citing data from industry group The Conference Board. "This is no ordinary recession," he said. "The aftereffects will last much longer than the typical downturn. "He said the Conference Board's expectations index is a strong predictor of economic contractions, and that it is currently flashing red. With Americans getting hit with everything from a housing downturn to excess borrowing, things will get worse before they get better…..
'US, Israel cut internet cables'
Cheney: GOD damns me and bush because I backed bush war crimes and torture such as use of waterboarding
McCAIN MADNESS
Shillary
NOONAN: Can Mrs. Clinton Lose -- With Grace?
Meet the Weimar Dollar How well behaved will the American people remain when they can’t buy a thing?

U.S. economy’s descent steepens Job losses and a contraction in the business sector where more than 80 percent of Americans work show that the angle of descent for the U.S. economy is steepening
Federal Reserve Under Increased Scrutiny After Huge Interest Rate Cuts
International law violator and war criminal nation israel Erects More Roadblocks in West Bank
Obama Leads Clinton by 2 Delegates...

NEW RECORD LOW APPROVAL RATE FOR BUSH 30% AND CONGRESS 22% (OTHER LESS CONSERVATIVE POLLS SHOW EVEN WORSE NUMBERS)

Three Israeli Soldiers Arrested Over Abuse of Palestinian Boys
`OBAMA WINS NEBRASKA; WASHINGTON; LOUISIANA...`
AND EVEN MORE CROCODILE TEARS AS CLINTON CRIES AGAIN
Obama Wins in Maine; Clinton Replaces Her Manager New York Times - Senator Barack Obama at a campaign rally at the Virginia Beach Convention Center on Sunday. The state primary is Tuesday. By KATHARINE Q. SEELYE VIRGINIA BEACH - Senator Barack Obama tallied his fourth decisive victory this weekend in a state ...
Obama takes Maine caucuses Boston Globe Obama wins caucuses in Maine Northwest Herald
`CBS: Obama Takes Delegate Lead, Even Counting Uncommitted Supers...`
`Pelosi: Iraq which she voted for and funded, like herself and her godfather bush, is a failure -- surge was bust...`
`OBAMA WINS NEBRASKA; WASHINGTON; LOUISIANA; MAINE...` `Ties Clinton to Past...`
'Potomac primary' polls say Obama has the edge Houston Chronicle - By DAVID LIGHTMAN and WILLIAM DOUGLAS COLLEGE PARK, MD. - Barack Obama appeared poised Monday to trounce Hillary Rodham Clinton in today's "Potomac primary," as polls showed him with huge leads in Maryland and Virginia.

Neo-Cons Admit Ron Paul Has "Changed GOP Forever" February 11, 2008
DHS Head Chertoff Warns Of "Earth Shattering" Events February 11, 2008
World Bourses Lost 5.2 Trillion Dollars in January February 11, 2008
Also a "Patriot": Alan Greenspan, 'quintessential philosopher of the New Enlightenment' February 11, 2008
“Not Another Clinton” Sign Disallowed at Event
POLL: OBAMA TAKES LEAD WITH WOMEN IN MD, VA...
NYT TUESDAY: CLINTON INSIDERS, DONORS FEAR ELECTION 'SLIPPING AWAY'
Clinton not ready to release tax returns
CBS: Obama Takes Delegate Lead, Even Counting Uncommitted Supers...
Citizens Confront “Fascist Pig” Bill Clinton
Speech Criminal in British Columbia Convicted Man sent to prison for posting on the Internet that he favors white heterosexuals
Hispanics leaving Arizona after recent curbs on illegals... Developing...
VA Change Confronts Bill Clinton VA Change attempts to ask Bill Clinton about his association with the Bilderbergers over the screams of fawning Clinton fans and zombies.
Smart Money Positioned for a Recession (at Seeking Alpha)
Borrowed Reserves And Tin-Foil Hats (at Seeking Alpha)
International war criminal nation israel seen failing to keep road map promises (Reuters)
Chertoff Warns Of "Earth Shattering" Events Department of Homeland Security Head Michael Chertoff has repeated the same fearmongering warning he made last year - he is worried "earth shattering" terror events are likely to be carried out soon.
American/israeli Psycho
Kingdom Asks World Powers to Curb Israeli State Terror
NeoAmerica
The Great Bust of '08
The Great Depression 2008 When the realization of history’s coup de grace hits, we will be caught as unaware as our ancestors were back in
U.S. economy’s descent steepens Job losses and a contraction in the business sector where more than 80 percent of Americans work show that the angle of descent for the U.S. economy is steepening
The Mother of All Rip-offs Trillions of dollars have been lost, the financial system is reeling, and the nation is headed into recession. We want scalps — not excuses!

Ron Paul Calls For March On Washington DC February 12, 2008
DHS Singles Out "Pregnant Women" As Likely Terrorists February 12, 2008
Call to Scrap 'Anti-Teen' Sound Dispersal Device February 12, 2008
Principal WTC Electrical Engineer: "Fuel & Planes Alone Did NOT Bring Towers Down" February 12, 2008
Ron Paul is right to see Fed as unconstitutional
Tortured Patsies To Take Fall For 9/11
Charles Swift: Use Of Waterboarding Evidence In Court Unheard Of Since ‘Spanish Inquisition’
Bumbling, bungling, war criminal bush Calls on France for Help in Wars Without End
`Russia, China propose new treaty to ban arms in space...`
Boulder: Impeach Bush. Why did they wait when more bush damage has been done and awaits?
Russia, A Rational Player On The International Scene, expresses surprise over reports of bombers' interception
Waterboarding for God and Country American Psychos
The Great Depression 2008 When the realization of history’s coup de grace hits, we will be caught as unaware as our ancestors were back in 1929.
Meet the Weimar Dollar
The americanized European securities markets are becoming as big a bloated joke as those in america.
U.S. economy’s descent steepens
Internet cable cuts are more than accidents. Why?
How the Clintons Will Destroy John McCain McCain is literally insane and blackmailable by the CIA

In the Chesapeake Rout, according to exit polls in Maryland, Obama won:
Latino Voters By Six Points: 53-47
All Religions (Including Catholics)
All Age Groups (Including Seniors)
All Regions
All Education Levels
And Women by TWENTY ONE POINTS...
Venezuela Halts Oil Sales to EXXON MOBIL...
WRAP: Obama, McCain win Virginia/Maryland/D.C. primaries...
CBS: DELEGATE COUNT...

The Bush Financial Bust of 2008: “It’s All Downhill From Here, Folks”

Watch Out for The Depression Colpitts warns “stimulus package will do little to help the ailing U.S. real estate market and millions of American homeowners at the brink of foreclosure”

Bush, Congress hit new low in AP poll

The White House wants a $1.4 billion stimulus/national security package…for Mexico

Many believe the truth that US already in a recession

Fourth Of July For Ron Paul Revolution Grand Rally? February 13, 2008
Afghans To Be Spied On Like The Rest Of Us February 13, 2008
Diplomats Advised to Compare 9/11 Cases to Nazi War Crime Trials February 13, 2008
Can the Ron Paul Freedom March Succeed? February 13, 2008
Depression risk might force U.S. Gov't & Federal Reserve to buy assets
House Rejects Spy Bill Extension, Setting Stage for Adoption of Telco Amnesty and Wider Spy Powers
House Rejects Extension for FISA
McCain's camp sharpens its message to Huckabee: the GOP Race is Over
Clinton intensifies her attacks on new front-runner Obama Los Angeles Times - Eric Gay / AP Democratic presidential hopeful, Sen. Hillary Rodham Clinton, DN.Y., gestures while speaking at a campaign stop in McAllen, Texas, Wednesday, Feb. 13, 2008.
Bush Administration Hides More Data, Shuts Down Website Tracking U.S. Economic Indicators
'Diana death-crash mirrored MI6 plot to assassinate top Balkan leader', admits former spy
Oops: White House spokesman admits telecoms spied
Singapore GDP shrinks 4.8%, cuts 2008 growth view
Whites to be minority in US by 2050: study
Iraq: the Bloody Disaster based on lies and warcrimes is Not Working Food program scraped, cholera outbreaks, sewage in the streets, abandoned orphans, trigger-happy soldiers on the rampage… hey, like Rumsfeld said, democracy is messy.
The Iniquities and Inequalities of War We are approaching a trillion-dollar war, while our Treasury is bankrupt, our economy is in shambles, and our infrastructure crumbles
Israeli Forces Arrest 70 in West Bank
Hezbollah No. 2 Assassinated
Editorial: Maliki’s Problems US Defense Secretary Robert Gates has announced he favors “a pause” in the withdrawal of US troops from Iraq. In part, this is not good news. The sooner foreign troops get out of Iraq, the sooner peace will be achieved.
Hezbollah Says Top Militant Is Killed...
'Zionist gangsterism'...
UPDATE: Bill Clinton Ex-Campaign Manager Backs Obama...
Obama Extends Delegate Lead...

Obama Pushes Bill That Would Mandate Global Tax February 14, 2008
Corporate Media Smear Mayor Who Vetoed Military Urban Warfare Drill In His Town February 14, 2008
Maverick Fails The Test: McCain Votes Against Waterboarding Ban February 14, 2008
Child Fingerprint Checks at European Borders February 14, 2008
Multiple Victims in N. Illinois Univ. Shooting; Suspect Killed Himself
Is the Presidential Candidate of Your Choice Ready to Save a Sinking Ship?
Debt crisis spreads to US municipalities
`RASMUSSEN: Obama Takes Double Digit Lead; 49% to Clinton 37%...`
Bernanke Says Economic Outlook Is Worse
Bernanke open to further rate cuts
Housing and Labor Markets Will Deteriorate Beyond Current Expectations
Ghouliani, Mr. 911 the strategist who for $50 Million won one delegate, giuliani deep 'in the hole' over campaign debts... from routine stays at luxury hotels
Bloomberg: U.S. Resembles and Is Like N.Y./N.J./California, Etc., A Meaningfully Lawless 'Third-World Country'
Bernanke Says Economic Outlook Is Far Worse

And it is so thanks in large part to Bernanke, bush, greenspan, neocons, etc., and the Federal Reserve, sort of like Federal Express
Hizbullah commander killed in Syria Hizbullah, the Lebanese political party which has militarily resisted Israel in the past said that one of his commanders Imad Mughniyeh was killed by Israeli state terrorism. Lebanon-Syria, Politics, 2/12/2008
US reaction to Israeli announcement of new buildings on disputed land Sean McCormack, The US Spokesman for The Department Of State was asked about the Israeli announcement for building the new thousand houses on areas disputed with the Palestinians. Palestine-Israel-USA, Politics, 2/12/2008
US commander: No hostile act from Iran observed in Iraq The US commander in Iraqi central province of Diyala has said he witnessed no hostile act from Iranian side in the region during the past 10 months, a French weekly reported on Feb 5th. Iraq-Iran-USA, Politics, 2/12/2008
Canadian Inquiry Blames Israelis for Deaths in 2006 Lebanon-Israel-Canada, Politics, 2/12/2008
2006 War Called a 'Failure' for Israel - Washington Post Lebanon-Israel, Politics, 2/12/2008
The CIA operation that should have prevented the Iraq war - Yahoo Iraq-USA, Politics, 2/12/2008
Jews for Injustice Dept: Waterboarding Though Not Legal is Treated as if Legal
Bernanke Warns Economy Worsening...
Subprime crisis costs global $7.7 trillion...

50,000 First Responders Needs Donations, Dignity and True Respect February 15, 2008
Is Keith Olbermann ready to start asking real questions (After Calling Bush a Fascist)? February 15, 2008
Skeptical Global Warming Scientists To Challenge "Consensus" February 15, 2008
Bush Spy Bill Stance Called Fear-Mongering February 15, 2008
PUTIN RIPS HILLARY: 'At a minimum, a head of state should have a head'...
POLL: OBAMA TAKES LEAD IN TEXAS...
Black Leader, a Clinton Ally, Tilts to Obama...
NOONAN: Hillary Confidence or Derangement?
Bleak economic reports signal recession
Consumer sentiment falls; factory output soft
BLOOMBERG: USA Resembling Third-World Country just like meaningfully lawless New York, new jersey, banana republic california.....
Citigroup bars investor exits from hedge fund

Kucinich Promises Hearing on 9/11 Health; 'Money Bomb' Raises Thousands for Aid February 18, 2008
Top Adviser Says Clinton Will Win With Super Delegates; Obama Victories 'Irrelevant' February 18, 2008
Old JFK documents may stir controversy about conversation between Oswald and Ruby February 18, 2008
This Is What a Police State Looks Like February 18, 2008
Bernanke: “You are all Dead Ducks” Banks are battered by subprime liabilities, housing is in the tank, manufacturing is down, food and energy are up, unemployment rising… All that’s missing is a trumpet blast and the arrival of the Four Horseman.
Media Ignores Many Reasons for Foreclosures Loss of good jobs through ‘free’ trade is just one of many reasons at heart of foreclosure epidemic.
Paulson’s Wild Ride on the Hindenburg: “The worst has just begun” The next shoe to drop will be rising unemployment. Layoff notices have already gone out in new construction, retail, car manufacturing and financial services.
Iran Pulls Plug on Websites Web sites that comment on current events and don’t follow the government line are accused of “poisoning” public opinion ahead of mid-March parliamentary elections.
Bernanke Says Economic Outlook Is Worse
International war criminal israeli Forces Kill 4 more civilians in Gaza Raid
BUNGALOW BILL CLINTON LASHES OUT AT OBAMA SUPPORTER
INDEPENDENCE DAY...
Kosovo declares itself 'free'...

USDA Orders Largest Meat Recall in US History Washington Post - By David Brown The Agriculture Department has ordered the largest meat recall in its history -- 143 million pounds of beef, a California meatpacker's entire production for the past two years -- because the company did not prevent ailing animals from ...The downers (source of mad cow) have already been eaten.

Clinton Aide Urges Seating Delegates The Associated Press - WASHINGTON (AP) - Harold Ickes, a top adviser to Sen. Hillary Rodham Clinton's campaign who voted for Democratic Party rules that stripped Michigan and Florida of their delegates, now is arguing against the very penalty he helped pass.
Odds are stacked against Hillary Clinton, say experts New York Daily News - BY KENNETH R. BAZINET in San Antonio, Texas MICHAEL MCAULIFF in Cincinnati and CELESTE KATZ in New York Hillary Clinton has come a long way from inevitability - and now experts see her as a presidential long shot.
RI sees surge in new voter registration ahead of big primary Boston Globe
Obama Picks Up Key Endorsements in Wisconsin, Texas (Update1) Bloomberg
Russia: US Satellite Shot a Weapons Test
Obama Picks Up Another Labor Endorsement...
French FM urges Israel to lift Gaza blockade (AFP)

Kucinich Promises Hearing on 9/11 Health; 'Money Bomb' Raises Thousands for Aid February 18, 2008
Top Adviser Says Clinton Will Win With Super Delegates; Obama Victories 'Irrelevant' February 18, 2008
Transcript Of Plot To Kill JFK Discovered? February 18, 2008
Controversial Whistle-blower Website 'Wikileaks' Taken Offline in U.S. February 18, 2008
9/11 Victim's Father Paints Picture of US/CIA Criminal Enterprise on Spanish Television
Willie Nelson: Impeach Bush, "Throw The Bastards Out"
'Tony Blair gave order to kill Diana', Al Fayed tells crash inquest
Murder...
Princess Di's Butler admits perjury at inquest...
Bernanke: “You are all Dead Ducks” Banks are battered by subprime liabilities, housing is in the tank, manufacturing is down, food and energy are up, unemployment rising… All that’s missing is a trumpet blast and the arrival of the Four Horseman.
Media Ignores Many Reasons for Foreclosures Loss of good jobs through ‘free’ trade is just one of many reasons at heart of foreclosure epidemic.
Paulson’s Wild Ride on the Hindenburg: “The worst has just begun” The next shoe to drop will be rising unemployment. Layoff notices have already gone out in new construction, retail, car manufacturing and financial services.
The Dumbing of America Americans are in serious intellectual trouble — in danger of losing our hard-won capital to a virulent mixture of anti-intellectualism, anti-rationalism and low expectations.
Iraq: War-torn Children of Illegal War Starved of Childhood
Sharon Stone Rips US Media to Arab Paper; Pained Over '600,000' Iraqi War Deaths...
War criminal dumbya bush laments/condemns 700,000 lost lives in Rwanda while failing to mention his own 700,000 killing spree/war crimes in Iraq based on lies and cover-up.
International war criminal nation israel lashes out at top UN humanitarian official (AFP)
If Kosovo Can Be Free, Why Not Palestine?
Clinton Camp Desperately Accuses Obama of 'Plagiarism'...
Obama Says Clinton using his phrases...
UPDATE: Whistle-blower site taken offline...
Iran: 'Cancerous growth' Israel will soon disappear...
Wall Street banks bracing for another wave of multibillion-dollar losses...
Banks borrow $50bn via new Fed facility; Unease over indirect government support...

Thug Cop Beats Up Defenseless Handcuffed Woman February 19, 2008
Willie Nelson: I'd Rather Have an Electric Chair Named After Me Than a Toll Road February 19, 2008
Study Highlights Deep Seated Psychological Impact Of 9/11 February 19, 2008
Willie Nelson: Impeach Bush, “Throw The Bastards Out” February 19, 2008
Wall St. Banks Confront a String of Write-Downs
Banks "quietly" borrow $50 billion from Fed: report
Wikileaks fights on after court's shutdown attempt
Whistle-blower site taken offline
Iraqi Deaths Pain Sharon Stone
War criminal dumbya bush laments/condemns 700,000 lost lives in Rwanda while failing to mention his own 700,000 killing spree/war crimes in Iraq based on lies and cover-up.
Bumbling, bungling, dumbya bush (whose ivy league economics education failed to teach the difference between guns and butter, acceleration/velocity of money, fiscal/monetary policy, micro/macro economics, etc.) Dismisses Iraq Recession: The War Has ‘Everything To Do With The Economy and Huge Deficits’
FT: America's economy risks the mother of all meltdowns...
VALLEJO COULD BE FIRST CALIFORNIA TOWN TO DECLARE BANKRUPTCY...
OIL CLOSES ABOVE $100 -- FOR FIRST TIME...
Bush the War Criminal: Killing Iraqis Good for the U.S. Economy
Paying Insurgents Not to Fight It is impossible to keep up with all the Bush regime's lies. There are simply too many. Among the recent crop, one of the biggest is that the "surge" is working. Launched last year, the "surge" was the extra 20,000 - 30,000 US troops sent to Iraq. These few extra troops, Americans were told, would finally supply the necessary forces to pacify Iraq.
Henry Kissinger: The Making Of A War Criminal
Sharon Stone laments U.S. policies on Iraq, Afghanistan, Iraqi deaths “The actress said in an interview with the Al Hayat daily that she fails to understand how the American public supported those wars to start with.” It wouldn’t have anything to do with the fact the average American buys government lies as a matter of course, would it?
Half of Baghdad without water Power failures, which have caused large-scale popular resentment, have recently affected essential utilities like water.
WeAreChangeLA confronts Presidential candidate Mike Gravel Jeremy Rothe-Kushel questions Mike Gravel about False Flag Operations and how to bring an end to these treasonous acts.
International war criminal nation israel Has Cut Off Northern West Bank: B’Tselem
Mughniyeh’s Assassination by israel a Harbinger for War
Wisconsin Exit Polls:
Obama Won:
Women (51-49)
All age groups under 65
All education levels
All regions of the state -- urban, suburban and rural
Voters without college degrees (50-48)
Democrats (50-49)
Whites (53-46)
White men (59-38)
Voters who decided in the last week (58-42)
Won or tied voters of all income levels
Tied among white women
Tied among union members
Tied among union households
RESULTS: WI...
HI...
Obama and McCain Win Wisconsin Primaries...
THAT MAKES IT: NINE IN A ROW!
Clinton Fingerprints on Plagiarism Flap...

Media Blackballs Willie Nelson's Call to Impeach Bush February 20, 2008
Bottled Water Latest Target Of Eco-Mentalists February 20, 2008
America’s Economy In Mother of All Meltdowns in Twelve Steps February 20, 2008
Child Abuse by the Government February 20, 2008
Hillary Clinton fades as Obama takes TENTH straight victory in White House race
Bush's Life of Constitutional Crime: Lies and Spies
Stop Blair: ambition to lead Europe hits fierce opposition
Kosovo: The US and the EU support a Political Process linked to Organized Crime
Fed Issues Gloomy Economic Forecast
Helicopter Ben and the Federal Reserve, as in Federal Express, wants you to know you got it coming big time in the months ahead
Oil at $101 a Barrel as Fed Lowers Economic Forecast Expectations Investors hope crude futures will stop a falling dollar meteorite from landing on their heads
Fed Forecasts Higher Unemployment, Slower Growth...
Oil Pushes Past $101...
Ahmadinejad: Israel is a filthy bacteria...
Alter: Obama will win because Clinton ran worst campaign in history...
OBAMA OPENS UP 14-POINT LEAD...

Kucinich to Investigate 9/11 Insider Trading February 21, 2008
Congressman Dennis Kucinich revealed that he is initiating an investigation into the insider trading that took place leading up to 9/11, particularly in regards to put options placed on American Airlines and United Airlines stock.
The Return of Arnold's Nazi Belt Buckle February 21, 2008
9/11 Health Hearings to Move Forward If Kucinich Can Keep His Seat February 21, 2008
Rule by Fear or Rule by Law? February 21, 2008
Suppressed Details of Criminal Insider Trading Lead Directly to the CIA's Highest Ranks
Total Drag: Bush Judge Appointee In the li’l alito mold Resigns After DUI Arrest While Cross Dressing
International war criminal, war mongering, war provocateur nation israel: War is likely in near future
Israeli Newspaper Prints Racist Obama Cartoon
Israeli MP blames quakes on gays
Foreign Secretary: CIA did use UK for torture flights
Former Congressman Warns Of Martial Law Camps In America
Media Blackballs Willie Nelson’s Call To Impeach Bush
Supremes Rule in Favor of Neocons Trashing Fourth For the supremes, illegal acts and obstruction of justice in furtherance thereof is their modus operandi/raison d’etre.
Draft dossier prompts new calls for Iraq war inquiry
The Conservative's shadow foreign secretary, William Hague, said the draft, written by the Foreign Office's former head of news, John Williams, was "further evidence that spin doctors, not intelligence analysts" were told about Iraq's weapons of mass destruction." Iraq-UK, Politics, 2/19/2008
Israel broke law with use of cluster bombs in Lebanon: HRW
Human Rights Watch said Israel had rained as many as 4.6 million submunitions, or cluster bomblets, across southern Lebanon - mostly in the final days of the war. Lebanon-Israel, Politics, 2/19/2008
UN's Holmes: Worsening conditions in Gaza, West Bank
Concluding a five-day visit to the occupied Palestinian territory and Israel, the top United Nations relief official yesterday highlighted the worsening humanitarian conditions in Gaza and the West Bank resulting from closures and restrictions on movement. Palestine-Israel, Politics, 2/19/2008
Brzezinski: Neocon prescriptions in Middle East are fatal for America
Brzezinski said "These neocon prescriptions, of which Israel has its equivalents, are fatal for America and ultimately for Israel. They will totally turn the overwhelming majority of the Middle East's population against the United States" Regional-Israel-USA, Politics, 2/19/2008
Larijani: US root cause of terrorism worldwide
Iranian Secretary of Iran's Human Rights Headquarters Mohammad-Javad Larijani said in Tokyo on Sunday that the US claims it has launched campaign against terrorism but the reality is that the country itself is the root cause of terrorism worldwide. Regional-Iran-USA, Politics, 2/19/2008
UK police allowed alleged Israeli war criminal escape arrest
War Crimes British police allowed an Israeli war criminal to escape arrest at London's Heathrow airport in September 2005, an official inquiry has confirmed. Palestine-Israel-UK, Politics, 2/19/2008
Gaza boy 'killed in Israeli raid' - BBC Palestine-Israel, Politics, 2/19/2008
VIDEO: WAR CRIMINAL BUSH DANCE IN AFRICA…..he’s such a burnt out moron...
UPDATE: Serbs Break Into US Embassy, Set Fire...
Change to Win Gets Behind Obama New York Times By Steven Greenhouse Its member unions represent 175000 workers in Ohio alone. Nationwide, the group represents more than five million workers. Change to Win Endorses Obama The Associated Press
Obama wins backing of Teamsters, Serviceworkers, and now second-biggest US labor group

Rigged Gitmo Trials Prove 9/11 Official Story Wrong February 22, 2008
McCain: 'I'm the Only Candidate Special Interests Don't Give Money to' February 22, 2008
Moscow Threatens 'Brute Force' Over Kosovo February 22, 2008
Former Congressman Warns Of Martial Law Camps In America February 22, 2008
Secret Service Stand Down At Obama Event Raises Suspicions
Police concerned about order to stop weapons screening at Obama rally
Ex-Congressman: U.S. Government Created Al-Qaeda, Involved In 9/11 A former Congressman says that the U.S. government created Al-Qaeda and was involved in bombing its own citizens on 9/11, telling a national radio show that elements of the Bush administration assisted the attacks on the WTC and the Pentagon.
Coburn: ‘I Think It Was A Mistake Going To Iraq’
Obermann Calls Supreme Court Rulings "Contempt of Court"
Gold nears $1,000 as stagflation fears grow
Claim UK troops 'executed' Iraqis
Rioters attack British embassy in Kosovo
Turkish troops enter north Iraq
2008: Expect Food “Sticker Shock” Smithfield Foods CEO declares “scary” food price increases “never seen in our business.”
The upcoming global recession/depression will give us plenty of time to mull over the ruinous effects of Fed policy and to devise a plan for abolishing the Federal Reserve once and for all.
Russian NATO Envoy: Kosovo Independence Funded by Drug Money In 1999, the San Francisco Chronicle reported that law enforcement considers the KLA as “a major force in international organized crime, moving staggering amounts of narcotics through an underworld network that reaches into the heart of Europe.”
Euro hits two-week high against dollar
Editorial: Unchecked Lunacy The global economic storm clouds continue to gather.....
Israeli Military Mounts Another Attack in Gaza
Hezbollah: Israel's disappearence 'within several years inevitable fact'...
Israel says EU pressure grows to end Gaza blockade (AFP)
Israel keeps Palestinian offices shut (AP)
Israel's demise speeded up by Moughniyah murder: IRNA (Reuters)
Israel denies building permits to West Bank Palestinians: report (AFP)
Israel faces 'certain death': Iran leader adviser (AFP)
Dow falls on bleak indicators
Stocks End Lower Amid Weak Economic Data (AP)
Distressed Debt Ratios Jump (at Seeking Alpha)
State and Municipal Governments Feeling the Pain (at Seeking Alpha)
Bankruptcies are Booming (at Seeking Alpha)
Asset Deflation and Price Inflation: A Tough Mix for the Fed (at Seeking Alpha)
Inspectors say meat safety is threatened
A third of recalled beef went to schools
Lost Angeles Gangland Murders Common as Overwhelmed and Outnumbered LA police kill 1 in gang gunbattle
AP Survey: Superdelegates Jump to Obama.....
HEALY: Clinton Soldiering On, but Somber as Horizon Darkens...
Superdelegates Flocking to Obama...

Serbia: US 'culprit' in Kosovo violence
Israeli strike kills three Palestinians in Gaza (AFP)
America's Malaise
Files and McCain Letter Show Effort to Keep Loophole New York Times - By STEPHEN LABATON WASHINGTON - In late 1998, Senator John McCain sent an unusually blunt letter to the head of the Federal Communications Commission, warning that he would try to overhaul the agency if it closed a broadcast ownership loophole.
McCain dodges bullet, faces fiscal bombshell
Fannie, Freddie Expected to Post Big Losses Wall Street Journal
Fed's Fisher warns on negative growth but wary of hyperinflation
Obama: Hillary taking false credit for 90s Peace Dividend...
Hits on NAFTA Support...
As rallies swell, so does security...
Clinton Turns From Anger to Sarcasm...
LAWYER HILLARY GRILLED 12-YEAR OLD OVER 'RAPE'; attacked child's credibility...
YOST FLASHBACK: Whitewater: Years of Legal Trouble...
Israel Ends Up as Biggest Loser of the Iraq War
Iran Dismisses Nuke Documents As Fakes...
Gazans Stage Mass Protest Against Israeli Blockade

NEW REVELATIONS OF CAMPAIGN FINANCE IMPROPRIETIES ON PART OF CLINTON / BOXER(OF THE CORRUPT BUBBLE BANANA REPUBLIC CALIFORNIA)

Middle Class May Be Subject To Food Rations, Warns UN February 25, 2008
Kristol: 'I Recommend the Politics of Fear to Hillary' February 25, 2008
Willie Nelson's Daughter Paula Agrees With Dad February 25, 2008
Paraguay, WHO Issuing Mass-Innoculations to Combat Yellow Fever Outbreak February 25, 2008
Cats Feel Your Pain, Lower Risk of Heart Attack, Stroke Study says owning a cat can reduce your risk of heart attack and cardiovascular disease. Findings were released by the American Stroke Association meeting in New Orleans.
Stressed? Get A Heart Attack Risk-Free Cat! eFluxMedia
Did the Secret Service set up Barack Obama for assassination?
Obama raps Clinton on NAFTA
Deep recession feared in U.S.
Bernanke, Bush fight losing war
The Clinton Body-Count
Recovery may take longer than usual: Greenspan
Middle Class May Be Subject To Food Rations, Warns UN
Oil rises above $99 on Iran warnings, Turkish raids
Gold edges up towards record peaks on renewed inflation worries
BANK OF AMERICA (JUST IRRATIONALLY BOUGHT COUNTRYWIDE) CIRCULATING CONFIDENTIAL PROPOSAL TO CONGRESS SEEKING $739 BILLION BAILOUT WHEN COMMISSIONEES/CULPRITS/FRAUDS WHO BENEFITTED SHOULD FUND THE BAILOUT
Secret Report Uncovers Massive Fraud at European Parliament
'We've lost control of our borders for the first time since 1066,' says judge after foreign detainees riot
Here Comes The $739 Billion Taxpayer Bailout The “business friendly” stooges at the SEC are still sitting on their hands reciting passages from Milton Friedman instead of dragging crooked banksters off to the hoosegow in leg-irons.
Wall Street Bank Run It doesn’t look like an old-fashioned bank run because it involves the biggest financial institutions trading paper assets so complicated that even top executives don’t fully understand the transactions.
2008: Expect Food “Sticker Shock” Smithfield Foods CEO declares “scary” food price increases “never seen in our business.”
Bank of America Secretly Asking Congress for a Banking Industry Bailout

As usual, the beleaguered American tax payer will be told ante up for the speculative crimes of the international banking cartel

Crisis of the World Financial System: The Financial Predators had a Ball

By the early days of 2008 it was becoming clear that Financial Securitization would be the Last Tango for the United States as the global financial superpower
To Peg or Not to Peg: JEF Debates JEDDAH, 26 February 2008 — Calls to delink the Saudi riyal from the depreciating US dollar received a shot in the arm when former chairman of the US Federal Reserve Alan Greenspan advocated a policy of floating the currency.
Hillary on Obama Photo: 'I Know Nothing About It'...
Wasn't intended as a smear...
Obama: Kinds of political tricks and silliness you start seeing at end of campaigns'...
NYT Tuesday: Clinton now unleashing 'kitchen sink' fusillade against Obama... Developing...
Communications director delivers heated criticism of press...
CBS POLL: Obama Surges Ahead Nationally; Opens Up 16-Point Lead...
AP Poll: Obama Catches Clinton Across USA...

Ron Paul Trouncing Neo-Con Rival In Race For Congressional Seat February 26, 2008
Food shortages loom as wheat crop shrinks and prices rise February 26, 2008
Inside the world of war profiteers: Chicago Tribune February 26, 2008
ROCK ISLAND, Ill.—Inside the stout federal courthouse of this Mississippi River town, the dirty secrets of Iraq war profiteering keep pouring out…..but I see no mention of the 360 TONS of $100 bills that remain unaccounted for and on which investigation the gutless democrats (and of course, republicans) folded…..Former Halliburton subsidiary KBR's 4th quarter war profiteering profits up 65%
Mayor Willie Brown Contradicts Earlier Statements About 9/11 No Fly Warning February 26, 2008
The Clinton Body-Count
Stiglitz Blames Greenspan For Recession Former chief economist of the World Bank, Joseph Stiglitz, has said that the US economy is already in recession and is pointing the finger of blame directly towards former Federal Reserve chairman Alan Greenspan.
Traitor (but on this point quite rational) Greenspan Urges Gulf States To Abandon Dollar
Hillary Clinton Campaign Connection to Drudge Report Detailed by International Herald Tribune (NYT) in October of 2007
Fresh records for price of wheat
Russia quietly prepares to switch some oil trading from dollars to rubles
US imperialism behind Kosovo split
Taxi To The Darkside Trailer An in-depth look at the torture practices of the United States in Afghanistan, Iraq and Guantanamo Bay.
The Emerging Third World U.S. With the falling dollar, rising import prices and declining wages and salaries for American workers, the US is headed for a radically different lifestyle.
Traitor (But Belatedly Rational On This Obvious Point) greenspan Urges Gulf States To Abandon Dollar Former Fed chief insists that Arab nations dump greenback peg.
Citigroup Inc. May Post Second Straight Quarterly Loss The rate of loan losses is “grossly underestimated by consensus estimates” at Citigroup and other U.S. banks, according to Oppenheimer & Co.’s Meredith Whitney.
Clinton Camp, Drudge Teamed Up So much for the urban legend Matt Drudge is a thorn in the side of the Clintons and a threat to Democrats. But then, as Ken Mehlman of the Republican party once bragged, the Drudge channel is useful for dispensing propaganda.
Generals to quit if US strikes Iran “There are four or five generals and admirals we know of who would resign if Bush ordered an attack on Iran,” The Sunday Times quoted a source with close ties to British intelligence.
Gazans Stage Protest Against Israel
Israel Ends Up as Biggest Loser of the Iraq War
Iran Dismisses Nuke Documents As Fakes...
Gazans Stage Mass Protest Against Israeli Blockade
Dodd endorsement of Obama brings well-connected party leader...
RASMUSSEN: Clinton lead slipping in Ohio; Clinton 48% Obama 43%...
S.O.S.NEW POLL SHOWS HRC FADE IN OH
Finger-pointing, frustration in Clinton camp...
Now unleashing 'kitchen sink'...
MILBANK: Team Clinton: Down, and Out of Touch...
CBS POLL: Obama Surges Ahead Nationally; Opens Up 16-Point Lead...
CBS Poll: Obama Surges Ahead Nationally

Stiglitz Blames Greenspan For Recession February 27, 2008
Temperature Monitors Report Widescale Global Cooling February 27, 2008
Britons Thought Earthquake Was Al-Qaeda Attack February 27, 2008
The US Economy, the Dollar, and Presidential Politics February 27, 2008
Former SAS man condemns British role in Iraq and Afghanistan torture “It is only since I have left the army [and] I have read the Geneva Convention and the UN Convention on Torture, that I realized that we have broken so many of these conventions and treaties in Iraq.”
Bernanke Acknowledges Crumbling Economy Helicopter Ben obliquely acknowledges inflation causing “slower growth,” that is to say the housing sector and jobs market are down the tubes.
Key home price index shows record decline “It will only get worse. This record will be shattered by subsequent declines…. We will experience the most substantial decline in history because before this we had experienced the most unprecedented rise in U.S. real estate history.”
Citigroup Inc. May Post Second Straight Quarterly Loss The rate of loan losses is “grossly underestimated by consensus estimates” at Citigroup and other U.S. banks, according to Oppenheimer & Co.’s Meredith Whitney.

Bill Clinton Says 9/11 "Hecklers" Are Afraid of the Truth February 28, 2008
Government Concedes Vaccine-Autism Case in Federal Court - Now What? February 28, 2008
Lawyer Says Bin Laden Did Not Orchestrate 9/11 During Terror Trial February 28, 2008
U.S. designates Afghan journalist enemy combatant February 28, 2008
Bill Clinton: The Decline Of An Elitist Puppet In the vain of an emperor or dictator in his last days, Bill Clinton is losing his mind and lashing out. The past few months have seen him make bizarre comments, engage in biting skirmishes and with reporters and scuffles with rival politicians' supporters, and react with intense venom to confrontations from 9/11 truthers.
Dollar Falls to Record; Jobless Claims Rise, GDP Lags Forecast
Israeli air raid kills 4 kids
Iraq war 'caused slowdown in the US'
The Three Trillion Dollar War Costs are projected to be almost ten times the cost of the first Gulf War, almost a third more than the cost of the Vietnam War, and twice that of the First World War
Gold hits record high on tumbling dollar, firm oil
Bush Denies Reality: “We’re Not Headed into a Recession” Bush, at odds with dozens of economic experts, calls the recession, threatening to fall into a full-blown depression, a “slowdown” and then hypes his “$157 billion financial stimulus package” that will exacerbate the deficit.
Economy Slows to Near Crawl With inflation rising as the economy slows, fears are increasing that the country may be headed for a bout of stagflation. That’s a scenario the country hasn’t experienced since the 1970s.
Bernanke Acknowledges Crumbling Economy Helicopter Ben obliquely acknowledges inflation causing “slower growth,” that is to say the housing sector and jobs market are down the tubes.
Web editor jailed in Iran Editor made the mistake of claiming Khomeini’s grandson owns a BMW, has a steam sauna, and lives in an affluent neighborhood.
Generals to quit if US strikes Iran “There are four or five generals and admirals we know of who would resign if Bush ordered an attack on Iran,” The Sunday Times quoted a source with close ties to British intelligence.
IAEA Denies Internal Row over Iran, Condemns “Hype” ElBaradei warns the neocons are using the same old hype they used in the lead-up to the invasion of Iraq.
No Timetable for Iraq Pullout (What’s Good for The Goose/u.s. is Good for the Gander Retort the Turks to u.s. request), Says Turkey
International war criminals israeli Military Steps Up Attacks
1 in 100 Americans -- are and if you count lawyers, politicians, judges, etc., who deserve to be then 95 in 100 americans should be behind bars!
International war criminal nation israel kills 20 Palestinians in Gaza
NYT: MCCAIN'S BIRTHPLACE IN CANAL ZONE RAISES ELIGIBILITY QUESTIONS...

RASMUSSEN POLL: OBAMA TAKES 4-POINT LEAD IN TEXAS...

Bernanke Acknowledges Crumbling Economy Helicopter Ben obliquely acknowledges inflation causing “slower growth,” that is to say the housing sector and jobs market are down the tubes.
Key home price index shows record decline “It will only get worse. This record will be shattered by subsequent declines…. We will experience the most substantial decline in history because before this we had experienced the most unprecedented rise in U.S. real estate history.”
Citigroup Inc. May Post Second Straight Quarterly Loss The rate of loan losses is “grossly underestimated by consensus estimates” at Citigroup and other U.S. banks, according to Oppenheimer & Co.’s Meredith Whitney.
Stocks fall on jobless claims, Fed's bank warning
Oil hits new peak after UK gas terminal fire
Dell profit misses estimates, shares fall
Sprint posts huge loss, scraps dividends
Freddie Mac loss swells as mortgage crisis deepens
Oil surges above $102 as dollar weakens
New day, new lows for dollar
Gas Prices On Rise Again; May Pass $4 Gallon...
Oil Record: $102...
Record $1.3 Billion EU Fine for Microsoft...
Euro surpasses $1.50 mark for first time...
Gold Nears $1,000 ounce...
FDIC Girds For Bank Failures
Dollar slides to new lows after Fed warning
Oil Hits Record $102 As Dollar Tumbles
Dollar Falls to Low Against Euro In order to make sure inflation increases unchecked, the Federal Reserve announced rates will be cut below 3%.
Gas May Reach $4 a Gallon by Spring High energy prices that were once easily absorbed by consumers are now more likely to act as a drag on household budgets, leaving people with less money to spend elsewhere.
Confidence Plunges, Inflation Rate Soars In more bad economic news, consumer confidence and home prices posted sharp declines while higher costs for such basics as food, energy and medicine left wholesale inflation rising at a pace unseen since late 1981.
Gold hits record high on tumbling dollar, firm oil Gold surged to a record high above $960 on Wednesday as investors poured money, spurred by a plummeting dollar and oil rising above $102 a barrel.
Not from war criminal, liar, moron bush means recession In January, 233,000 homes went into foreclosure; however, George Bush thinks that over a half a million people losing their homes every month is just a slowdown.
Standard & Poor's took MBIA (MBI 14.58, +2.40) off CreditWatch and assigned a negative outlook. Additionally, the ratings agency affirmed the 'AAA' financial strength rating of Ambac Financial (ABK 12.41, +1.70), yet said the company remains on CreditWatch with negative outlook.
Bernanke Blamed for greenspan's recession which is here: 11 reasons it will last till 2011
Greenspan's Latest: Oil Boom Will Likely 'Go on Forever'
Wholesale Inflation Rate Soars...
Gas Prices On Rise Again; May Pass $4 Gallon...
Confidence Plunges, Inflation Rate SoarsThe Associated Press

Top Professor: Autonomous Killer Robots In The Field February 29, 2008
Israeli War Minister Threatens Palestinian Holocaust February 29, 2008
Bill Clinton: The Decline Of An Elitist Puppet February 29, 2008
Alleged Hijacker Booked On Post-9/11 Flights-- Astounding FBI documents contradict 9/11 February 29, 2008
Larijani: US promotes global chaos
International law violator/war criminal nation israeli War Crimes Minister Threatens Palestinian Holocaust
Euro hits fresh high against dollar
Iraq war may cost US USD 7 trillion
Gold powers to record on oil, eyes $1,000
Sterling falls to all-time low vs. euro
Princess Bastard Harry the little nazi Likes Playing Occupier in Afghanistan
`'I DON'T LIKE ENGLAND THAT MUCH'...`
The Australian | As the commoners slog it out in Afghanistan, Prince Harry’s “total, superficial, PR exercise” aimed at “rebranding” Harry,” who is a decadent “party animal,” comes off as a total failure.
Alleged Hijacker Booked On Post-9/11 Flights Astounding FBI documents contradict 9/11 Commission report as CIA veteran Robert Baer calls for investigation to be re-opened.
Stocks Fall Sharply on Economic Worries The Associated Press - NEW YORK (AP) - Stocks fell sharply Friday after a series of depressing economic and corporate reports as well as high oil prices stoked concerns about the health of the economy.
The Market Story Financial Worries Drub Wall Street TheStreet.com
Stocks Dive on New Signs of Economic Chill New York Times
Ambac Cuts Dividend, Suspends Asset-Backed Insurance (Update1) Bloomberg - By Emma Moody Feb. 29 (Bloomberg) -- Ambac Financial Group Inc., the AAA rated bond insurer seeking to avoid a crippling downgrade, cut its dividend and will suspend writing guarantees on new asset- backed securities for six months to bolster capital.
Ambac Cuts Dividend, Suspends Some Business Wall Street Journal
Ambac cuts dividend in effort to maintain rating MarketWatch
The U.S. Dollar Is Being Destroyed

You think you are free?

Washington gets a new colony in the Balkans

Kosovo is not gaining independence or even minimal self-government. It will be run by an appointed High Representative and bodies appointed by the U.S., European Union and NATO
Corporate Fascism’s Greatest Ally The liberal democrat refuses to acknowledge the reality of power in the world at this time: that the bottom line of american politics is money and murder

Blame Clinton For NAFTA The difference between the Democrats and the Republicans, some say, is that the Democrats do it to us with lubrication
Corporate Lobbyists Drive McCain’s Campaign The “Keating Five” scandal, like an unwanted ghost, is hovering over McCain’s presidential bid
DOW DROPS OVER 300

`Oil Surpasses $103 for First Time...`
`Gasoline could hit $4...`
`...Euro Keeps on Climbing Against Dollar`
`'I generally don't like England that much'…says Princess Bastard Harry the little nazi who’d rather be killing…..`
`Gold Fresh Record...`

Cotillard's 9/11 Comments Echo Widely-Respected Experts, Public Opinion March 3, 2008
Psychopathic Soldier Throws Puppy Over Cliff March 3, 2008
Chavez Warns of War If Colombia Strikes Venezuela March 3, 2008
Rove: Iraq Redeployment Would Cause Oil Prices to Skyrocket to $200 a Barrel March 3, 2008
WeAreChangeOhio.com | March 3, 2008 A group of activists from C.H.A.N.G.E. Ohio attended a political rally near Dayton to voice their displeasure at the false flag terrorism committed by the U.S. government on 9/11. Two members were escorted from the high school at which former President Bill Clinton was addressing party faithful before the upcoming Ohio primary. The sign that they brandished said, "9/11 Truth Now" in bold letters on one side, and "The Clintons are Gangsters: Google Arkancide" on the other. By linking the black ops of false flag terrorism and the corrupt underside of American politics, the activists point to the criminal network that has seized control of the highest levels of the American government. A whole array of people have perished suspiciously in the orbit of the Clinton machine, leading to questions about the legitimacy of the American justice system.
ok. I will (google arkancide/arkanside).

GOOGLE ‘ARKANCIDE’ Results 1 - 10 of about 14,400 for arkancide. (0.12 seconds)

ARKANCIDE - Clinton death list,

Arkancide the Clinton Body Count', a list of people who have had connections to former president Bill Clinton, all who have died, many under very suspicious ...
members.tripod.com/~cbn2/death-2.html - 5k - Cached - Similar pages
ARKANCIDE - Clinton's death list - http://deathlist.cjb.net ...

ARKANCIDE - Clinton death list, a remarkable number of deaths surround President Clinton, it may seem more than coincidental...Play the ARKANCIDE game, ...
members.tripod.com/~cbn2/ark.html - 4k - Cached - Similar pages
More results from members.tripod.com »
The Clinton Body count, Arkancide. An interesting list with links ...

KEYWORDS: arkancide; bushhaters; clinton; colby; conspiracy; foster; impeachedx42; .... Save it to hard disk in case they Fostercide or Arkancide the site. ...
www.freerepublic.com/focus/f-news/1220452/posts - 23k - Cached - Similar pages
SUDDEN INSTANT DEATH SYNDROME - A Clinton Disease - II [Free Republic]

Arkancide ? CIA CO & Congressional staffer who investigated Clinton's ..... Sad to say, when we heard about that accident around here, Arkancide was our ...
www.freerepublic.com/forum/a387c13bb5565.htm - 420k - Cached - Similar pages
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Arkancide Arkancide is the unfortunate habit of potential witnesses to the Clintons' dirty dealings in Arkansas suddenly deciding to shoot themselves twice in the ...
www.arkancide.com/ - 176k - Cached - Similar pages
Another very suspicious 'Arkancide'

Another very suspicious 'Arkancide'. Posted: January 12, 1999 1:00 am Eastern © 2008 WorldNetDaily.com. An Arkansas medical examiner has once again ...
www.worldnetdaily.com/news/article.asp?ARTICLE_ID=14655 - 31k - Cached - Similar pages
Arkancide Books - Arkancide

Arkancide Books | Shopping Cart. Search. Select Category, Amazon.com, Clinton, Bill, Clinton, Hillary ... Browse by Category. Arkancide · Arkancide Books ...
astore.amazon.com/arkancide-20 - 17k - Cached - Similar pages
the deskrat chronicles: Two gunshot wounds to the head...Suicide ...

Suicide or "Arkancide" ? Only In Arkansas: Webb 'Double Gunshot Wounds' Explanation Defies Belief alex Jones : Prison Planet | December 18 2004 ...
deskrat.blogspot.com/2004/12/two-gunshot-wounds-to-headsuicide-or.html - 16k - Cached - Similar pages
Arkancide

Notes: "Arkancide, Boeing and Trilaminar Unabombs". "Ostensibly SMACSONIC offers a reduced in-flight noise level but may represent an understanding of ...
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CLINTON'S ROGUES GALLERY:

DOWNSIDE LEGACY AT TWO DEGREES OF PRESIDENT CLINTON SECTION: REMEMBERING THE DEAD SUBSECTION: List of Names Revised 7/14/00 ...
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Arkanside - HondaSwap Forums

here's another good one for you conspiracy theorists... don't believe this? look it up Anyone want a job application to join this group????? Clinton.
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arkanside Threads

HondaSwap Forums threads tagged with arkanside. ... Go Back, HondaSwap Forums > Tags. Reload this Page arkanside. User Name, Remember Me? Password ...
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Bush Unauthorized Biography Author Found Dead - 'Arkanside'?

Bush Unauthorized Biography Author Found Dead - 'Arkanside'? 7-20-1. SPRINGDALE, Ark. (AP) - The author of a controversial book about George W. Bush has ...
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The Declaration Approach (was: Some thoughts on the 'reveal' operator)

... Malcolm X revolution assault rifle Wackenhut bomb drug ATF PROMIS Delta Force Arkanside Park On Meter bomb Oliver North Randy Weaver Constitution Vickie ...
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e-lang: Re: The Declaration Approach (was: Some thoughts on the ...

... Bill Clinton bomb OKC Special Forces Vickie Weaver PROMIS Delta Force bomb Vince Foster DOD Vince Foster 5th group Arkanside SOG terrorism Constitution ...
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MASSIVE DISINFO CAMPAIGN UNDERWAY RE: JAM ECHELON DAY

... LINDA THOMPSON SPECIAL OPERATIONS GROUP SOG SOF DELTA FORCE CONSTITUTION BILL OF RIGHTS WHITEWATER POM PARK ON METER ARKANSIDE IRAN CONTRAS OLIVER NORTH ...
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Alex Jones Presents Infowars.com to Fight the New World Order ...

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Prison Heart Attack Fells Key Witness Against Roger Clinton [Free ...

Uh oh, another Arkanside! 2 Posted on 04/29/2001 09:50:22 PDT by goseminoles .... In this incident Arkanside? Do you usually reach conclusions on so little ...
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Next

International war criminal nation israel returns to Gaza to sabotage peace efforts, embarrass their terrorism sponsor america as Rice pushes peace talks to resume CNN International - GAZA CITY (CNN) -- Israeli soldiers returned to southern Gaza on Tuesday hours after Secretary of State Condoleezza Rice appeared in the West Bank calling for Israelis and Palestinians to promptly resume peace talks. Violence Persists Even as Rice Arrives in West Bank

Michelle Malkin Denies Soldier's Psychopathic Abuse of Puppy March 4, 2008
Psychopathic Soldier Throws Puppy Over Cliff March 3, 2008
Cotillard's 9/11 Comments Echo Widely-Respected Experts, Public Opinion March 3, 2008
Rove: Iraq Redeployment Would Cause Oil Prices to Skyrocket to $200 a Barrel March 3, 2008
MSNBC Reporter: "I hope there is a secret prison for all 9/11 Conspiracy Theorists"The corporate media has stepped up an ongoing smear campaign against anyone who dares to question the government's leaky and falsified account of the events of September 11th 2001.
Civil rights leader switches to Obama
Ex-candidate Dodd endorses Obama
Obama tops new national polls CNN
Carey Likes Clinton, Too, but Backs Obama New York Times - By SAM ROBERTS Hugh L. Carey, the former two-term governor of New York who was instrumental in rescuing the city and state from insolvency in the 1970s, has endorsed Senator Barack Obama for the Democratic presidential nomination.
Obama T-Shirt Sales Surge Online U.S. News & World Report
Time for Hillary to step down
UNDERDOG HILLARYOUS CLINTON UNDER PRESSURE TO QUIT
POLL: Obama has lead in Texas, close in Ohio...
Obama Aide: Clinton Will 'Fail' Tuesday...
Texas Party Warns Clinton Against Legal Action...

Ron Paul Hammers Neo-Con Rival To Retain Congressional Seat March 5, 2008
Establishment Media Ignores Scores of Other Shocking Abuse Videos in Iraq March 5, 2008
In Fox Interview, Clinton 'Thanks' Rove March 5, 2008
CNN Warns Americans A New Great Depression Is Coming March 5, 2008
Devvy: Change Not Possible With Same Players
Crimes by Homeland Security agents stir alert
Fed's rate cuts may do long-term dollar damage
2 Vt. Towns Approve Bush-Cheney Indictment
Iran’s Foreign Minister: Probe Israel’s Nukes
IRNA | Manouchehr Mottaki tells the IAEA to investigate Israel’s nuclear arsenal, believed to contain at least 200 bombs.
Economist Tells CNN: A New Great Depression is Coming
CNN | Economist John Williams: “It’s going to be the worst business cycle since the Great Depression.”

Vermont towns vote to arrest Bush and Cheney Reuters - WASHINGTON (Reuters) - Voters in two Vermont towns on Tuesday approved a measure that would instruct police to arrest President George W. Bush and Vice President Dick Cheney for "crimes against our Constitution," local media reported.
Vt. Towns Approve Bush 'Indictment' ABC News
Town votes to indict president Rutland Herald
Israel launches fresh Gaza raid BBC News - Israeli forces have briefly re-entered the Gaza Strip and clashed with Palestinian militants, with a baby killed by gunfire, medics said.

Pressure raised on Clinton to bow out
Latest Clinton tactic: Fake news reports
REPUBLICAN CROSSOVERS GIVE CLINTON TEXAS LEAD
CLINTON: Slight Victories, But Difficult Delegate Math
Text Box:
0 1,423 0 26 0 0 1,512 0
super delegates 232 0 0 0 198 0

Alter: Hillary's Math Problem; She could win 16 straight and still lose...
FOURNIER: Clinton now has little chance of closing the gap...
NYT: 'Simple math is still her enemy'...

Ahmadi-Nejad's visit to Iraq
"Moreover, there were much propaganda that the two (Iranian and Iraqi nations) were not pleased with each other. Such claim proved to be unfounded," he added. Iraq-Iran, Politics, 3/5/2008
Israeli attacks on Gaza contrary to international law : EU
"They are launching all these attacks that are killing civilians," Borai said. "Personally, I don't agree with Palestinians firing rockets into Israel. But if you push people into the corner they are going to fight back." Palestine-Israel, Politics, 3/5/2008
Fuel shortages hamper basic life in Gaza
The Gaza Strip continues to be plagued by fuel shortages, leaving many ambulances unable to function and ensuring most residents have only an intermittent water supply, the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) reported today.
Palestine-Israel-UN, Politics, 3/5/2008
Iran's Supreme Leader expresses grief at human tragedy in Gaza Strip
Iran's Supreme Leader-Palestine Supreme Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei expressed grief at the human tragedy going on in Gaza Strip. Palestine-Iran, Politics, 3/5/2008
UN Secretary-General condemns Israeli crimes in Gaza
Israeli deputy defense minister Matan Vilnai admitted that Israel carried out "shoah," a word in Hebrew - a big disaster - Holocaust, in Gaza. Palestine-Israel-UN, Politics, 3/5/2008
UK parliamentary-led group urged to demand end to Israeli attacks on Palestinians
The British government was urged by an all- party parliamentary-led group Monday to intervene against the continuing Israeli attacks on Gaza following the killing of over 100 Palestinians in the last few days. Palestine-Israel-UK, Politics, 3/5/2008
Iraq urges resumption of Iran-US talks on Iraq
Iraq's Finance Minister Bayan Jabr has called for Iran to hold talks with the United States on Iraq saying that the former talks have proved fruitful to help establish law and order in Iraq. Iraq-Iran-USA, Politics, 3/5/2008
Report: Israeli Occupation Causes Terror - LA Times Palestine-Israel, Politics, 3/5/2008

‘Unknown Jewish Elements’ Vandalize Mosque in Israel
International war criminal nation israel returns to Gaza to sabotage peace efforts, embarrass their terrorism sponsor america as Rice pushes peace talks to resume CNN International - GAZA CITY (CNN) -- Israeli soldiers returned to southern Gaza on Tuesday hours after Secretary of State Condoleezza Rice appeared in the West Bank calling for Israelis and Palestinians to promptly resume peace talks. Violence Persists Even as Rice Arrives in West Bank

Huge Illegal Immigrant Smuggling Operation Uncovered in L.A.
China to Increase Military Spending...
Fascist Morning Joe: Tase, Take 9/11 Truthers to Concentration Camps

EXITS: Change Trumps Experience; Blacks, Latinos Boost Texas Turnout...
Obama wins Vermont...
12th Straight Victory...

Lou Dobbs: U.S. Heading For Stagflation Crisis March 6, 2008
Fox News Hysterically Hypes New York "Blast" March 6, 2008
Dog Murder Double Standards March 6, 2008
Bali Bomber Claims CIA/Mossad Involvement March 6, 2008
Top Ranking CIA Operatives Admit Al-qaeda Is a Complete Fabrication in BBC Doc
Latest Clinton tactic: Fake news reports
TEAM CLINTON EXPLODES: OBAMA ACTING LIKE KEN STARR…..riiiiight…..incisive analogy…..whew!
Blame Clinton For NAFTA
Patrick J. Buchanan revisiting clinton’s NAFTA | From 1860 to 1913, the United States was the most protectionist nation on earth and produced the most awesome growth of any nation in history. In 1860, the U.S. economy was half of Britain’s; in 1913, more than twice Britain’s.
Clinton Gets Caught Again on NAFTA
PAPER: Obama Aide Calls Hillary: 'A Monster'...
Hill’s Poltergeist Moment: HILLARY AUDIO RESURRECTION: 'I HAVE FELT THE PRESENCE OF THE HOLY SPIRIT'…says hill in her continuing encounter with beelzebub himself…..riiiiight...
Reporter Details Media Blackout On Mexican Military Incursions
AFP | Economists said a Commerce Department report suggests American wallets are being increasingly stretched by inflation.
Iraq contractor indicted in cash smuggling case
U.S. dollar exodus sparks record oil run
Who leaked details of CIA-Mossad plot against Iran? NYT reporter subpoenaed...
As Arab foreign ministers met at the Cairo headquarters of the Arab League to prepare for their annual summit at the end of the month, they also issued a series of statements on regional issues, including extremely sensitive matter of the Zionist regime's refusal to sign the NPT. Arab states, all of which are signatories to the treaty, have long called for a nuclear-free Middle East and expressed their concern over Israel's apparent possession of nuclear weapons. The International Law Violator and War Criminal Zionist regime is reportedly the only nuclear-armed country in the Middle East which has refused to sign the NPT.

Lou Dobbs: New World Order Can Be Defeated March 7, 2008
New Documents Reveal North American Union PR Campaign March 7, 2008
We Are Change UK Members Arrested After EU 'Referendum' Protest on Top of Crane March 7, 2008
Law Enforcement: Letters Unrelated To Times Square Blast March 7, 2008
New Documents Reveal North American Union PR Campaign
Zionist rabbis says Torah permits killing Palestinian civilians
Employers Slash Jobs by Most in 5 Years; But Unemployment Rate Dips...
White House: Disappointed in payrolls drop...
Bush: 'It's clear our economy has slowed'...
PUMP: Fed In Panic Mode Takes New But Futile Steps on Credit Crisis...
Dollar Falls to New Low Against Euro...
Oil Prices Jump To New Record...
Economy lost 63000 jobs in February International Herald Tribune - By Michael M. Grynbaum The economy shed 63000 jobs in February, the government said Friday, the fastest falloff in five years and the strongest evidence yet that the nation is in a recession.
The Real Financial Numbers Behind the Lies Real unemployment right now -- figured the way that the average person thinks of unemployment, meaning figured the way it was estimated back during the Great Depression -- is running about 12%. Real CPI right now is running at about 8%. And the real GDP probably is in contraction.
Oil Gyrates, but Hits New Record
Goldman Sachs: Oil May Reach $200 a Barrel
Dollar Heads for 4th Weekly Drop Versus Euro as U.S. Sheds Jobs

New Proposals To Fight Global Warming Would End Civilization, Kill Billions March 10, 2008
City Lawmakers Find 'Alarming' Report of Drugs in Water March 10, 2008
New York Gov. Spitzer Tied to Prostitution Ring March 10, 2008
CDC Concedes Secretly that Vaccines Have a Link to Autism March 10, 2008
Neocon Feith Blames CIA, State Department for “Mishandling” Iraq Invasion, Occupation
The Washington Post | In former U.S. Under Secretary for Defense Douglas Feith’s book, the “dove” Colin Powell, the CIA, retired Gen. Tommy R. Franks and L. Paul Bremer are blamed for “serious errors” in the invasion and occupation. In fact, the neocon scheme went off as planned, resulting in the destruction of Iraq and the murder of over a million Iraqis.
Oil roars to record over $108 on weak dollar
More Leading Economists Say US Is Now In Recession
More leading economists have conceded that the US economy is now in recession after figures, released on Friday, revealed a second successive monthly fall in employment.
Billionaire Investor Sees Bank Failures Ahead
Gas Prices Near Records, Following Oil
New York Governor tied to prostitution ring
Dollar Falls as Traders Bet Fed to Accelerate Rate Reductions
Clintons In “what have they been smoking moment” push a Hillary/Obama ticket
Financial Crisis: Sorting Through the Rubble in Post-Bubble America
Mike Whitney | The hurricane that began with subprime mortgages, has swept through the credit markets wreaking havoc on municipal bonds, hedge funds, complex structured investments, and agency debt. Now the first gusts from the Force-5 gale are touching down in the real economy where the damage is expected to be widespread.
Food Costs Go Through the Roof
Boston Globe | Escalating food costs could present a greater problem than soaring oil prices for the national economy because the average household spends three times as much for food as for gasoline.
Bloomberg Insists Fed Has Lost Control of Inflation
Bloomberg | Bloomberg insists Helicopter Ben and the Fed have “lost control” of inflation, even though it should be a no-brainer that lowering interest rates and flooding the economy with funny money does precisely that.

Drugs In Water Report Prompts Nationwide Alarm March 11, 2008
Bill Clinton Tells 9/11 Truthers: 'We don't blow up our own buildings, al Qaeda does' March 11, 2008
Professor: Big Money Behind Global Warming Propaganda March 11, 2008
'Exhaustive' Pentagon-sponsored study finds no Saddam-Qaeda link March 11, 2008
Oil hits record above 109 usd/bbl as weak dollar triggers buying
Fed gives shot in arm, but recession looms
Global c.bank liquidity injection no cure for dollar
Oil prices break fresh record high near $110
Gas Prices Rise to New National Record
Foreclosures becoming 'nightmare' for cities...
Press Secretary Perino: I’ll Be Fired If I Talk About the Dollar
US Drops China From and Adds US To List of Top 10 Violators of Rights
IMPEACHMENT THREAT
'USED HOOKERS FOR 6 YEARS'
Spitzer 'resignation will come tomorrow morning'...
Tripped Up By Laws He Enforced...

Top military commander for Middle East resigns; split over Iran...
…..He wants troop levels in Iraq down now, and he wants the Afghan National Army running the show throughout most of Afghanistan by the end of this year. Fallon says he wants to move the pile dramatically in the time he's got remaining, however long that may be. And he gets frustrated. "I grind my teeth at the pace of change."…..
Story that started it all...
Senate Dems target Iran’s bank Jewish Telegraph Agency | Once again demonstrating that the warmonger Dems are no different than the warmongering neocon Republicans

Neocon Sanctions Against Iran Falling Apart BBC | Overall, only 7% of those questioned in the Pipa/Globescan poll backed the idea of military strikes, thus demonstrating that the neocon hold on the Iran issue is slipping.
International Herald Tribune | israeli leader once again attempts to portray Iran as a threat and is forced to admit the the only threat is to israel and the israeli military cannot take on the Muslim nation without the U.S. military.
Clinton military brass join ranks with Obama campaign RAW STORY | March 10, 2008 Clinton Secretary of Navy, Air Force to tout Obama's credentials. According to a press release from the Obama campaign Monday morning, the candidate's staff will appear with top military brass today "to discuss why Obama has demonstrated the judgment and has the experience to be Commander In Chief." "Today, former service secretaries for each of the Armed Forces – Clifford Alexander, Jr. (US Army), Richard Danzig (US Navy), and F. Whitten Peters (US Air Force) – will host a press conference in Washington, DC to discuss why Obama has demonstrated the judgment and has the experience to be Commander In Chief," the release writes.
Among those attending: "Secretary Clifford Alexander, Jr. (US Army – Carter Administration), Secretary Richard Danzig (US Navy – Clinton Administration) and Secretary F. Whitten Peters (US Air Force – Clinton Administration."The event will be held at the United Food and Commercial Workers, 1775 K Street, NW - 11th Floor at 1pm today.
OBAMA WINS ANOTHER ONE

Video Shows Cop Tasering Already Restrained Disabled Man March 12, 2008
UK Top Cop Who Led CIA Probe on Rendition Flights Found Dead March 12, 2008
Campaign Warns Of "Economic Disaster" If Climate Policies Are Followed March 12, 2008
Neocon Lie Finally Debunked: Osama Not in Cahoots with Saddam March 12, 2008
1 in 4 teenage U.S. girls has sexually-transmitted disease: study
U.S. syphilis rate up for 7th year in row...
FLASHBACK 1988, GERALDINE FERRARO: 'If Jesse Jackson were not black, he wouldn't be in the race'... UPDATE: Ferraro Steps Down Over Obama Race Comments...
Dollar Declines Because Fed Rescue Package Won't Succeed
Neocon Lie Finally Debunked: Osama Not in Cahoots with Saddam
Welcome to Kosovo! The World’s Newest Narco State
Oil prices pass record $110...
Man Pummeled With Baseball Bat At Gas Station For $1...
RUSSIA CLAMPS DOWN ON BLOGGER...

Stocks Decline After Brief Rally...
Euro trades for $1.55...
Sobering Reality that Fed's Rescue Package Won't Succeed...
Australia accused of helping with notorious CIA rendition flights
Ex-DEA Head Admits CIA Imported Cocaine
The grim reality of economic truths
Conservatives Offer No Hope
Upside-Down Mortgages and Sinking Home Prices
George W Bush Kills The Economy
"Almost Every Senior Military Officer ... is Against Military Strikes Against Iran"
Gulf War illness 'chemical link'
UK Cop Who Investigated CIA Falls Off Cliff, Dies UK Telegraph | Naturally, when cops get too close to the truth — for instance, getting at the bottom of the CIA’s torture “rendition” flights — they get depressed and end up committing suicide.
Oil Nears $110 a Barrel Breitbart | Oil prices have ventured further into record territory, with New York crude climbing past 107, 108 and 109 dollars and with the symbolic 110 now within grasp.
Why the US has really gone broke Chalmers Johnson | There is an enormous anomaly in the US economy beyond the subprime mortgage crisis, the housing bubble and the prospect of recession: 60 years of misallocation of resources, and borrowings, to the establishment and maintenance of a military-industrial complex.

Video Shows Cop Tasering Already Restrained Disabled Man March 13, 2008
Ex-NY Mayor Ed Koch Faults Giuliani for Destroying Evidence 9/11 Crime Scene March 13, 2008
Campaign Warns Of "Economic Disaster" If Climate Policies Are Followed March 13, 2008
Neocon Lie Finally Debunked: Osama Not in Cahoots with Saddam March 13, 2008
Pentagon Attempts To Memory Hole New Report That Dismisses Al Qaeda-Saddam link The Pentagon has blocked the scheduled release of a definitive report that found no pre-Iraq war link between late Iraqi President Saddam Hussein and Al Qaeda.
International war criminal nation israel threatens Lebanon with war
Feb. foreclosures up 60 percent over year before
Corporate Media Snowjobs Dollar Crisis
Iraq, Afghanistan veterans to reveal war atrocities and 'some pretty fucked-up shit' …..As the war in Iraq approaches its fifth anniversary, veterans of that conflict and the war in Afghanistan will give first-hand accounts, supported by photographs and video evidence, of the true nature of the wars, including attacks the vets say killed innocent civilians.…..The group says that potentially explosive photos and video from Iraq displayed at this Winter Soldier investigation will help "expose the human consequences of failed policy" in the war zones…..
Expert Fears Dollar Crash As Greenback Hits New Lows
Gold prices hit $1,000 milestone
Gold hits record on dollar slump, targets $1,000
Dollar falls below 100 yen; Euro hits new record high above 1.56 usd
The Move for Lakotah Independence Jerry Collette | The establishment of the Republic of Lakotah could be the most significant move in recent times for freedom lovers everywhere

Jim Rogers: “Abolish the Fed” Kurt Nimmo | CNBC made a big mistake — they allowed Mr. Rogers to get on and call for the Federal Reserve to be abolished.

Expert Fears Dollar Crash As Greenback Hits New Lows Paul Joseph Watson | Bush’s bumbling “strong dollar” comments precede fresh plunge.
Monsters in Washington DC Bob Chapman | The current financial debacle is quite unique, very ugly and totally unprecedented. Truly, this is a Frankenstein monster.

Republicans and “Free Market” Zealots Bring Disaster to America Paul Craig Roberts | After the chewing gum and bailing wire patch-ups are exhausted, who is going to bail us out?
Gold at $1,000 on Weak Dollar, High Oil Associated Press | After reaching $1,001 on the New York Mercantile Exchange, gold for April delivery dropped slightly to $999.70 by midmorning Thursday.
The Fed Releases Crisis Peparedness Video The Federal Reserve Bank of Atlanta this past January released a video on crisis preparedness. The timing of such a video being released is suspicious considering the prospect of bank failures and an inflationary collapse of the U.S. monetary system loom large
International war criminal nation israel Kills 4 After Hamas Offers Terms for Cease-Fire RAMALLAH, West Bank, 13 March 2008 — Hours after Hamas publicly offers terms for a cease-fire with Israel, calling for an end to Israeli attacks in the Palestinian territory and a reopening, bloodthirsty war criminal israelis kill again...
GOLD IN; DOLLAR OUT
Home Prices Plunge Across California...
Dollar Down...
*Clout Sinks Worldwide...
PAPER: Fed takes boldest panic and ineffective action since The Depression...

Mortgage broker, lender plan too little too late
NBCWSJ POLL: BILL CLINTON TAKES POPULARITY HIT; NOW VIEWED UNFAVORABLE...
'Magic is over' for USA, says foreign minister of France...

Spitzer call-girl cashes in...
NYT: Meet the Governor's hooker...
Experts: Indictments Loom For Spitzer...

Dollar nears 100 yen as Fed doubts rout stocks

ADR Report: ADRs drop as record-high crude weighs on U.S. stocks

RPT-GLOBAL MARKETS-Fear returns as dollar falls, oil hits $110 –

Bear markets like this severe one often see biggest 1-day gains

US soldiers kill young girl in Iraq

Weather Channel Founder Wants To Sue Al Gore For Global Warming Fraud March 14, 2008
Larry Silverstein Dodges Questions About Building 7's Controlled Demolition March 14, 2008
High Tide: The Ron Paul Revolution Continues March 14, 2008
Watching the Dollar Die March 14, 2008
Swiss Franc Rises to Parity With Dollar as Investors Avoid Risk
Bush Says Economy Is in "Tough Time," Will Rebound
What Gloria Steinem, Henry Kissinger Have in Common: CIA Pay
Dollar Gives Up More Ground As Market Digests Bear News
Dollar's Clout Sinks Worldwide
Dollar under pressure as US outlook darkens
Yuan Advances to Highest Since End of Dollar Peg; Bonds Gain
Despite the Federal Reserve's efforts Wall Street fears a big US bank is in trouble

Gulf States Creep Away From Plunging Dollar March 17, 2008
Gulf States are set to follow former Fed chairman Alan Greenspan's advice and dump their dollar peg following a benchmark meeting tomorrow, with analysts predicting a slow but deliberate creep away from the greenback rather than an imminent decoupling, a move that could have devastating consequences for the American economy.
Most US Stocks Drop on Bear Stearns Sale; Europe, Asia Plunge March 17, 2008
Leading Economic Writer: Financial Meltdown A "Gigantic Fraud" March 17, 2008
Indeed, it is somewhat surprising that there is not already rioting in the streets, given the gigantic fraud perpetrated by the financial elite at the expense of ordinary Americans.[...]Business, of course, needs consumers to carry on spending in order to make money, so a way had to be found to persuade households to do their patriotic duty. The method chosen was simple. Whip up a colossal housing bubble, convince consumers that it makes sense to borrow money against the rising value of their homes to supplement their meagre real wage growth and watch the profits roll in. As they did - for a while. Now it's payback time and the mood could get very ugly. Americans, to put it bluntly, have been conned. They have been duped by a bunch of serpent-tongued hucksters who packed up the wagon and made it across the county line before a lynch mob could be formed.

Fed Affords Dollar Brief Respite With Lower Rate Cut March 18, 2008
The dollar enjoyed its biggest gains against the Yen in nine years and pared losses against the Euro after the Federal Reserve delivered a lower than expected 75 basis points interest rate cut after traders had priced in a full 100 points cut.

High oil prices to keep U.S. dollar on ropes March 18, 2008

A financial crisis unmatched since the Great Depression, say analysts March 18, 2008

Dollars tough to sell on streets of Amsterdam March 18, 2008

Making a Recession Great March 18, 2008

Wall Street rallies to aid Lehman

Dollar Gains Versus Yen as Fed Cuts 0.75 Point and Stocks Rise

Gold Falls as Fed Cuts U.S. Interest Rate Less Than Expected

Will Fed Act To Save Dollar With Modest Rate Cut?

Plunging U.S. dollar must be addressed

Bernanke May Cut Benchmark Rate by Most Since Volcker

Crude Oil Gains on Speculation Fed Cut Will Push Dollar Lower

Retailers Accept Foreign Currency as Dollar Withers

China concerned over falling US dollar, economy: Wen

As Dollar Keeps Falling, Talk of a Move by Japan

Sterling's big slide may not be over yet

Poll finds broad pessimism over economy

Perino Defends Administration’s Intervention For Wall Street Instead Of Main Street

CNBC’s Cramer Advises Viewers Not to Move Money from Bear Stearns Week Before Collapse

At Least Hilter Got Germany Out of Its Depression

New Yorker: Abu Ghraib abuses were 'de facto US policy'
News Report: U.S. Soldiers Do Unspeakable Things In Iraq
Tibetan prisoners are paraded on trucks as China tightens its grip
Drug Trade Tyranny on The Border

Rogers: Fed Has "Given Up" On The Dollar March 19, 2008
"Victory" For Gun Rights Declared As 2nd Amendment Is Systematically Destroyed March 19, 2008
Fox Friend Bo Dietl Questions Missing Bodies in 9/11 Remains March 19, 2008
McCain Says It's "Common Knowledge" That Iran Is Training Al Qaeda March 19, 2008

Iraq war protesters arrested at IRS headquarters
McCain (who admits he doesn’t understand economics) evinces further but very significant lack of understanding (bomb everyone) as he modifies his (suuni) al Qaeda in (shiia) Iran claim
Gold drops 5 pct as US rate cut decision triggers correction
Dollar Falls on Speculation Fed's Rate Cuts Won't Stem Losses
Three Gulf states cut rates to defend dollar peg
Numerous Countries Have Recently Dropped The Dollar as Their Reserve Currency
Dollar Falls on Speculation Housing Slump to Swell Bank Losses
Dollar sheds post Fed gains
Weak dollar worries Beijing
Rumors Of Gold's Demise Greatly Exaggerated

Gun Owners Fooled By Mammoth Supreme Court Hoax March 20, 2008
2nd Amendment bars regulation of people’s ability to bear arms March 20, 2008
Media Hacks Call Cheney A "Hero" For Not Caring What Americans Think March 20, 2008
NAFTA: Clinton Will Sell Us Down the River Again March 20, 2008
The Hell-Disaster of Iraq
A War of Lies
Asked about two thirds of Americans' opposition to war, Cheney says, 'So?'
Soldier tells mom: My goal is to come home with my legs
AP president: US arrests journalist in Iraq to 'control' information
Poll: Bush's popularity hits new low
Report: FBI Mortgage Probe Expands to 17 Firms
200 Anti-War Activists Freeze in Place in DC to Protest War
At least 200 arrested in U.S. antiwar protests
AP: US arrests journalist in Iraq to 'control' information
July 7 attack inquests may be held in secret
New 'Bin Laden tape' threatens EU
China makes arrests in Tibet crackdown
The video that China doesn't want the world to see
China Says Tibet Protests Have Spread...
Steps up crackdown...
...Admits Killing Rioters

We Are Change Confronts Carl Cameron on Media’s 9/11 Truth Ignorance March 21, 2008
America is ALREADY in a Recession, Say Top Economic Experts March 21, 2008
Activists Pressure Denver Water Board to Remove Fluoride March 21, 2008
End of Nations - EU Takeover & the Lisbon Treaty March 21, 2008
>>Rothschilds Host Fundraiser for McCain in London<<What will it mean for his false identity as a campaign finance reformer?
America is ALREADY in recession, say top economic global experts Experts have accused the International Monetary Fund of "driving the car using the rear view mirror" after the global body warned the U.S. was on the verge of a recession.
There Is No Such Thing As A War For Free J. E. Stiglitz and Linda Bilmes | Economists say that there is no such thing as a free lunch. And there is no such thing as a free war.
The Triple Failing of the Big Private Banks Damien Millet and Eric Toussaint | The banks must be held to account for their actions over the last decades.
Get Ready for Global Flight from U.S. Treasury Debt UK Telegraph | Even monetary policy à l’outrance may not be enough to halt the spiral. Former US Treasury secretary Lawrence Summers says the Fed’s shower of liquidity cannot cure a bankruptcy crisis caused by a tidal wave of property defaults.
Three Investment Banks Partake in Fed “Lending” Scam Baltimore Sun | Morgan Stanley says they have “tested the window because we want to remove the stigma from the window,” in other words they have a green light to steal even more from the American people.
Beijing Admits Shooting Tibetan Demonstrators Financial Times | “China is infamous for using all state machineries to doctor evidence and propaganda hoping to confuse and fool the world with additional lies to cover up past lies as Hu Jintao and Wen Jiabao have been doing in the last few days.”
Cooperative crack down on Iraq rallies The Age | From Washington to Portland and San Francisco, the administration sympathetic cracking down of people exercising their First Amendment rights.
White House Papers Expose Lies of Clinton, Emanuel & Gergen On NAFTA David Sirota | Finally, we see it hasn’t just been Hillary Clinton lying about her role in championing NAFTA, but we see it is the entire Clinton machine.

Wall Street’s Crisis Hits Main Street The New York Times | The broadening of the slowdown, the plunge in home prices and near-paralysis in the financial system are fueling worries that what most economists now see as an inevitable recession could end up being especially painful.

Blitzer Dishonestly Spins McCain Iran-al-Qaeda “Gaffe” with Doctored Video Media Matters | Corporate media operative Wolf Blitzer attempts to get John McCain off the hook by airing a spliced version of his “gaffe” about al-Qaeda and Iran.

McCain shrugs off Obama attack over Iraq gaffe Reuters | McCain touts his national security experience as a main reason why he should be elected, never mind he can’t tell the difference between the Sunni and Shiite sects.
Another Bush Lie About Iran and Nuclear Weapons
POLITICO: 'Clinton has virtually no chance of winning'...
OBAMA AIDE: BILL CLINTON LIKE MCCARTHY
BANKS PLOT PUBLIC BAILOUT: Mass purchases of mortgage-backed securities... Not So Good Friday For Goldman and Lehman Forbes - Standard & Poor's analysts tested the tree-falling-in-an-empty-forest scenario, as it lowered the outlooks for Goldman Sachs and Lehman Brothers to negative while markets were closed. Documents filed with the Securities and Exchange Commission on Thursday March 20 show that Goldman's President and Co-Chief Operating Officer Jon Winkelried sold some 30,000 shares at about $173.85 each, totaling approximately $5.2 million, from Wednesday to Thursday. Vice Chairman Michael Sherwood unloaded some 7300 shares at a per share price of about $174.85, totaling close to $1.3 million Wednesday.
NM Gov. Bill Richardson Endorses Obama...
DALAI LAMA FINDS AN AMERICAN ALLY...
Chinese Troops Converge in Tibetan Areas...
Orders Video Web Sites to Close...

Petraeus: Iran 'Behind Green Zone Attack' March 24, 2008
'Official Story' Senators McCain & Graham Confronted on 9/11 Truth March 24, 2008
Ex-Communist Official Accuses China Of Staging Violent Tibet Riots March 24, 2008
Four U.S. Soldiers Die in Iraq; War Toll Is At 4,000 March 24, 2008
Diplomat: U.S. ‘threatened’ countries that didn’t support Iraq war.
97 percent of US death toll came after 'Mission Accomplished'
Four U.S. Soldiers Die in Iraq; War Toll Is at 4,000
Recession in U.S. Sows Slower Growth, Weaker Dollar
Existing-Home Sales Rise on Increased foreclosures, Prices Fall
Gold Rises in N.Y. on Speculation Dollar's Rally May Stall
Pentagon removes $3 trillion price tag for war from web site after exposure
Ex-Communist Official Accuses China Of Staging Violent Tibet Riots
Chuck Todd: Media Will Let McCain ‘Get Away With’ Al-Qaeda/Iran ‘Gaffe’
Matthews Mute Over McCain’s al-Qaeda Iran “Gaffe”
Into the Economic Abyss
Woe as the Feds Underwrite the Stock Market? “By creating a special window for investment banks on Sunday night the Federal Reserve moved one step closer to becoming an appendage of the market and giant corporations.”
No Carville Apology for Judas Remark…after all, we all know how Christ-like the clintons with their bodycount, etc., are...
CIT Scrambles For Cash, Ally As Woes Mountwall Street Journal
CIT tries to obtain funding from overseas: Journal MarketWatch
CIT seeks cheap funding from overseas banks - WSJ Reuters
Analysts see deeper Q1 earnings fall at U.S. firms
US Ponders: How Deep Is Economic Abyss? (AP)
Oil drops on worries about weaker demand
Lundberg Survey: Gas prices rise 7 cents

Companies Try To Cover-Up Move To Watch Consumers Via TV's March 25, 2008
Torture Bracelet To Control Dissenting Americans? March 25, 2008
McCain: Osama bin Laden and I agree on Iraq March 25, 2008
D.C. Gun Crackdown Meets Community Resistance March 25, 2008
EU may boycott Beijing Olympics over 'cultural genocide' in Tibet
Cops Beat The Living Hell Out Of Peaceful Tibetan Protesters IN AMERICA
Sean Hannity Confronted Over His Relationship With Neo-Nazi Hal Turner
Chinese banks allowed to trade gold futures
Pentagon report finds no evidence of Saddam attempt to assassinate Bush
Pentagon says it mistakenly shipped ballistic missile parts to Taiwan
Mondale issues blistering attack on Cheney
Dollar May Extend Drop on Bets Fed Will Make Deeper Rate Cuts
Gold bounces on dollar drop
U.S. Only 22nd Most Stable Nation
Cheney On 4,000 Dead Americans: They Volunteered
Goldman sees $1.2 trillion global credit loss

Bear Stearns staff face reality of buyout 20,000 job losses in NYC expected from turmoil

Consumer confidence plunges in March
US home prices drop in January

FDIC to add 140 workers to bank-failure division
Stocks mixed as confidence, home prices plunge
S&P: Metro home prices down a record 11.4% in Jan.
Wall Street Facing 'Upwards of $460 Billion Credit Losses'...

ASCE Lied about Inability of Skyscrapers to Withstand Airliner Impacts March 26, 2008
Ridge Says He Turned Down Bohemian Grove Invitation While at Homeland Security March 26, 2008
Bill Clinton Evades Questions About WTC7 Countdown Witness March 26, 2008
Cops Beat The Living Hell Out Of Peaceful Tibetan Protesters IN AMERICA March 26, 2008
Pentagon agency confuses Iran with Iraq in official history
Dollar slides as weak data back further U.S. rate cuts
Wall Street May Face $460 Bln in Losses, Goldman Says
Government Benefit Programs in Trouble
War on terror: BUMBLING war criminal bush waives law on coups
Oil jumps to $106 as fuel supplies fall
US Treasury chief says Social Security 'unsustainable'
Government-Funded Investigators Accused Of WTC Cover-Up
US air strike slays 5 Iraqi civilians
Greed Pays On March 19, JPMorgan Chase chief executive Jamie Dimon joined Bear Stearns chief executive Alan Schwartz to face a group of 400 stunned Bear executives. Five days earlier, Bear Stearns, one of Wall Street's five largest investment banks, had lost $17 billion of wealth, triggering the biggest financial panic since the Great Depression.
The Money Launderers
Caterpillar CEO says U.S. likely in recession
Star analyst whacks Citi again (at Fortune)
Demand for durable goods falls 1.7% in Feb.
U.K. regulator admits mistakes in oversight of Northern Rock
Report Of WTC Collapse Cover-Up Justifies Call For New Inquiry
America’s Banks are Broken
21 countries more stable, prosperous than U.S.
WSJNBC POLL: HILLARY HITS LOWEST...
Pastor Flap 'Hasn't Hurt Obama'...
CLINTON DONORS TARGET PELOSI
Military Tells Bush of Troop Strains...
UPDATE: CLEAR CHANNEL Deal Collapses...
Banks Sued... Developing...
Euro shoots past $1.57...

Mainstream Media: New Evidence Suggests Second Shooter Killed RFK March 27, 2008
McCain Urges New Global Compact -- a 'League of Democracies' March 27, 2008
GCHQ Confirms Violent Riots Staged By Chinese March 27, 2008
WTC Developer Larry Silverstein Sues for $12.3 Billion in 9/11 Attack 'Damages' March 27, 2008
CIA Operation in Tibet
Tibet, the 'great game' and the CIA
Israel hell-bent on sending US to war
New evidence suggests second shooter killed RFK
Clashes heat up, Iraqi civilians die
Graham Claims McCain ‘Has Never Said That This War Would Be Easy’
Paulson says new financial rules needed
Bank's Governor blasts 'hubris' of the bankers he blames for credit crisis
Wall St dives on tech, bank outlooks; Bear hit late (Reuters)
Fed policy-maker warns U.S. near recession
Bear Stearns Chairman sells $61.3 million of stock
Wall Street looking for public bailouts drives White House campaign cash flow (Reuters)
Emperor For Life Democrats, who were elected to stop the War, hit the “wimpy ceiling” constructed by Nancy Pelosi.
California freefall: Home prices down 26% in February Los Angeles Times | On a percentage basis, the California price meltdown is more than three times as severe as the national decline of 8.2% in median prices reported this week by the National Association of Realtors.
Defense Intelligence Agency History Confuses Iraq and Iran
Crude oil surges after Basra pipeline bombing Times Online | U.S. installed Iraqi government paying the price for attacking the Shias. Corporate media once again insinuates Iran behind the scenes, responsible for taking out the Zubair 1 oil pipeline.
Why we should fear a McCain presidency “The problem that Mr McCain poses stems from his ideology, his policies and above all his personality. His ideology, like that of his chief advisers, is neo-conservative and hence, the source of many of this country’s current problems.”
Obama Passport Scandal Linked to Clinton, Bush Narco News’ Bill Conroy learned on Friday that two of the three employees accused of meddling in Obama’s Passport files work for Stanley Associates Inc., a major U.S. government contractor.
Jordan MPs Want End to Peace Treaty With War Criminal israelis of Tel Aviv
Plea to China to keep Olympics TV live; France raises concern over censorship...
Dodd Calls on Party Leaders to Bring Race to End...
Angry Pelosi stands firm on superdelegates...
PAPER: Lasting harm feared in Democrats' battle...
POLL: Obama leads Clinton nationally by 10...

Oppenheimer slashes outlooks for Merrill and UBS
South Korean pension fund reportedly to shun U.S. Treasurys
Dollar rebounds on profit-taking, remains near low vs. the euro

Call For New 9/11 Investigation Reaches Crescendo March 28, 2008
Dollar Heads for Biggest Weekly Drop Against Euro in a Month March 28, 2008
Brzezinski Mocks Questions Concerned with Bilderberg Secrecy March 28, 2008
Top Comedian Believes In 9/11 Conspiracy March 28, 2008
The General Public: Alex Jones Says they are Lobotomized Sheep
Hillary's 911 Fabrication on Chelsea
Recent: Clinton lied about sniper fire
Rep. McKinney Grills Rumsfeld On Dyncorp Sex Rings, Missing Pentagon Trillions & 9/11 Wargames
Chinese Regime Implicated in Staging Violence in Lhasa
Dalai Lama accuses China of 'distortion' over Tibet
Jannati: US backs terrorists in Iraq
NUMBERS OF AMERICANS ON FOOD STAMPS HITS RECORD... DEVELOPING...
Dollar Heads for Biggest Weekly Drop Against Euro in a Month
Sterling drops to record low against euro

We Are Change Colorado Confronts Gary Hart on New World Order Vision March 31, 2008
Dollar Heads for Biggest Weekly Drop Against Euro in a Month March 28, 2008
Brzezinski Mocks Questions Concerned with Bilderberg Secrecy March 28, 2008
CIA Agents Killed Robert Kennedy: JFK Conspirator David Morales Identified in Video March 31, 2008
A third American war crime in the making
Dollar chilled by rise of euro
As Jobs Vanish, Food Stamp Use Is at Record Pace
Dollar Falls to Near Record Low Against Euro on Inflation Data
John Cusack on Military-Industrial Complex: ‘The gig is up’
Al-Maliki Will Fall
Fear of Civil War in Iraq
Russian General Predicts April 6 Attack On Iran General Ivashov calls for emergency session of UN Security Council to ward off looming US aggression
War with Iran May Have Begun with Offensive in Iraq Overall, US and Iraqi government forces are expected to continue a general offensive against the Mahdi Army in violation of the six month cease-fire, while claiming Iran is responsible for attacks on US forces
Global Gridlock: How the US Military-Industrial Complex Seeks to Contain and Control the Earth and it’s Eco-System
Gas price at record...
Why we should fear a McCain presidency
Caucuses Guarantee Obama Win In Texas...

Mukasey Admits Government Knew Of Call About 9/11, Before 9/11 April 1, 2008
USA 2008: The Great Depression April 1, 2008
Hayden: Waterboarding ‘Uninteresting For CIA’; Torture ‘A Legal Term’ April 1, 2008
Toys Branded With All-Seeing Eye Logo April 1, 2008
Quarter Of Americans Now Think Iran is The Biggest Enemy A quarter of Americans believe that Iran now poses the biggest threat to the United States, confirming that a sustained neocon propaganda campaign to demonize Iran and its leaders for their own strategic benefit is having a significant impact.
Inside the Black Budget
Iraqi casualties at highest level since August
Study: Only 1 of 2 students graduate high school in US cities...
Retail gasoline price at record $3.29/gln
USA 2008: The Great Depression
Commodities Fall as U.S. Recession Risk Weighs on Oil, Copper
Banks Face Biggest Crisis in 30 Years, Report Says
Some U.S. homes worth less than their copper pipes
USA 2008: The Great Depression The Independent | Food stamps are the symbol of poverty in the US. In the era of the credit crunch, a record 28 million Americans are now relying on them to survive – a sure sign the world’s richest country faces economic crisis.
Food crisis being felt around world
As Jobs Vanish and Prices Rise, Food Stamp Use Nears Record
Global Gridlock: How the US Military-Industrial Complex Seeks to Contain and Control the Earth and it’s Eco-System There are both overt and covert strategies within the US military-industrial complex towards securing full spectrum dominance over global information flows, which include dominating the electro-magnetic spectrum and the Internet
John Cusack Movie Takes On War Profiteers Dwight D. Eisenhower’s speech warning about the military-industrial complex comes to mind.
Space Radiation Too Deadly For Mars as it was almost 4 decades when they faked the fraudulent moon landing propaganda Mission

The serious problem of many Muslims
On one side, they have lousy governments that suffocate them to prevent them from speaking freely on politics or other issues, while these citizens look at Europe, and especially the United States, and see in these western governments as supporters of those who are oppressing them
Regional, Analysis, 3/31/2008
Arab leaders condemn anti-Islam film
Leaders of the Arab states yesterday strongly condemned Dutch film blaspheming Prophet Mohammad and holy Quran, calling for boycott of Dutch products.
Regional, Politics, 3/31/2008
Sadr orders fighters off the streets
"Negotiations between the Sadr movement and an Iraqi government delegation started Saturday night and are going in the right direction to solve the crisis," Sadr's spokesman said.
Iraq-USA, Politics, 3/31/2008

Iran not mediating between Syria and Saudi Arabia
Iran's Foreign Minister Manouchehr Mottaki in Syria for attending the Arab summit said Sunday that Iran is seeking to strengthen ties among all Arab states especially the relations of Syria and Saudi Arabia.
Iran-Regional, Politics, 3/31/2008
Iran criticizes Amr Mousa on disputed islands with UAE
Three Iranian Islands in the Persian Gulf are inseparable part of Iranian territory, Iran's Foreign Ministry spokesman Mohammad Ali Hosseini said yesterday.
Regional-Iran, Politics, 3/31/2008
UK cannot fight in Iraq forever: defense secretary
British Defense Secretary Des Browne emphasised Saturday that the West must seek diplomatic and military solutions in Iraq and Afghanistan, including reaching out to extremist groups.
Iraq-UK, Politics, 3/31/2008
Anti-war protests at Blair's first faith lecture
Anti-war protesters are holding a demonstration to create a "wall of sound" to accompany the first lecture given by former prime minister on Faith and Globalization since stepping down from power last year.
Iraq-UK, Politics, 3/31/2008

U.S. Has Little Influence, Few Options in Iraq's Volatile South - WashingtonPost.com
Iraq-USA, Politics, 3/31/2008
What is the real death toll in Iraq? - Guardian Unlimited
Iraq-USA, Politics, 3/31/2008
Turkey strikes targets in Iraq - LA Times
Iraq-Turkey, Politics, 3/31/2008

Israel to Build on Contested Land - WashingtonPost.com
Palestine-Israel, Politics, 3/31/2008
Abbas accuses Israel of working against Palestinian state - Yahoo! News
Palestine-Israel, Politics, 3/31/2008
3 Interlocking Peace Negotiations Put Israel, Palestinians at Impasse - WashingtonPost.com

Palestine-Israel, Politics, 3/31/2008
Israel Treats Bedouins Unfairly: Report - LA Times
Palestine-Israel, Politics, 3/31/2008
Israeli Settlement Expansion Should Stop, Urges Rice
Editorial: Road Map to Nowhere
Arabs Divide; Israel Kills

RASMUSSEN POLL: Clinton Lead Shrinking in PA; Clinton 47% Obama 42%...
Hitchens: Hillary 'flagrant, hysterical, repetitive, pathological lying'...
Crouch: 'Icy, contrived, hysterical, sentimental, bitter, manipulative, self-righteous'...

State "Fusion Centers" And Pentagon-Run FBI Programs Spy On Americans April 2, 2008
IMF Says U.S. In Worst Economic Crisis Since Great Depression April 2, 2008
Bernanke Faces Scrutiny in Congress Over Bear Stearns Buyout April 2, 2008
Al Gore Buys His Own (Green) Private Army April 2, 2008
Jesse Ventura Warns Of Obama Assassination Attempt
Former Governor Jesse Ventura: WTC Collapse A Controlled Demolition
Bush Admin. officials pressured underlings to use torture tactics at Guantanamo
CNN catches McCain making contradictory statements about Sadr.
Iran’s Wheat Fungus: Coincidence or Biological Warfare?
Editorial: Hang-Arab Solution The world has long stopped reacting to the “shock and awe” that Israel routinely inflicts on its conscience on a daily basis. But even from Israeli standards, this one should take the kike. Rabbi Shmuel Eliyahu, the chief rabbi of Safad, has urged the Zionist state to exact a “horrible revenge” on Palestinian children for the recent attack on a Jewish seminary by hanging them from treetops. In an article widely quoted by Jerusalem Post and Haaretz, Eliyahu writes: “We have to take horrible revenge for the terrorist attack at Merkaz Harav Yeshiva. A state that really respects the lives of its citizens would have hanged the 10 sons of the terrorist on a tree 50-meter tall, so that others would see it and be afraid.”…..
Bernanke Warns of Recession...
Bill Clinton's tirade stuns delegates...
SHOCK POLL: Obama takes the lead in PA...
Keeps Cash Advantage...
Gets Endorsement of Lee Hamilton...
Oil Rises, Gasoline Surges to New Record...
Military Feels Fuel-Cost Gouge in Iraq...
Goldman Analyst: Write-Down Concerns at Merrill and Citigroup (at Seeking Alpha)
Experts Ponder How Long Recession Will Last
Mortgage defaults force Denver exodus
Does FGIC's Downgrade Mean More Write-Downs at CIBC? (at Seeking Alpha)
Wyoming governor back Obama (AP)
Polls: Obama gains on Clinton in Pa. (AP)
Cracks May Be Showing in Clinton's Pennsylvania Firewall (CQPolitics.com)
Obama wins endorsement of former Rep. Hamilton
Bernanke Now Says Recession (that we’re already in) Possible (AP)

Current crisis is worst since Great Depression: Soros India Infoline News Service APRIL 3, 2008 billionaire investor says that global equity markets will fall more this year after a brief rebound and that the credit crunch is far from over…..The Federal Reserve has dropped their benchmark interest rate 2% this year to 2.25%, but Soros believes the US central bank has little head room to cut borrowing costs further, given the weak dollar. "We are close to the limit," he told the newswire…..
Associated Press Picks Up Ventura 9/11 Story APRIL 3, 2008
Ventura says he regrets initial acceptance of 9/11 explanations
Ventura wrestles with what really happened on 9/11
Jesse Ventura 9/11 Press Release
NATO Expansion Is Aggression
Argentine president lays 'inalienable' claim to Falklands
Paul Lectures Bernanke: U.S. Moving Towards Fascism
Individual bankruptcy filings up 27% APRIL 3, 2008
We Robbed You To Protect The Economy Christopher Manion | Given the coming depression, Bernanke and my former colleague are the civilian counterparts to the military geniuses who decide that they have to destroy the village (or the economy) in order to save it.
Hillary Clinton’s NAFTA Story Exposed YouTube | Hillary was all for NAFTA and her claim now to have been an opponent reveals she has what it takes to occupy the White House: the ability to lie, albeit none too convincingly.
THANKS FOR MAKING MARCH '08 THE BIGGEST MONTH IN THE DRUDGEREPORT'S 13 YEAR HISTORY!
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TORCH FIGHT: Anti-China protest targets Olympic ceremony...
Dissident gets 3½ years for essays...
CBSNEWSNYT POLL: 81% SAY NATION HEADED ON WRONG TRACK...
Corn Hits $6 a Bushel on Tight Supplies...
Jane Fonda: Obama!
Jimmy Carter, too...

Top Democrats demand Attorney General provide 9/11 memorandum April 4, 2008
Rep. Issa Named ‘Worst Person’ After Refusing 9/11 Sick Aid April 4, 2008
No Global Warming Since 1998 As Planet Cools Off April 4, 2008
Local Minnesota News Cover Ventura's 9/11 Revelations April 4, 2008
Constitutional lawyer: Bush 'ordered war crimes'
Carlyle Group's Plan to Takeover the Banking System
Chertkow, Once a Dollar Bull, Sees Long-Term Decline
Oil edges up as dollar slumps again, traders await US payrolls data
Dollar peg 'poses risk to economy'
THANKS FOR MAKING MARCH '08 THE BIGGEST MONTH IN THE DRUDGEREPORT'S 13 YEAR HISTORY!
MAIN PAGE LOADED 590,943,577 TIMES...WHICH WAS ACCOMPLISHED BY USE OF THE FOLLOWING, SOMEWHAT ANNOYING OWING TO FREQUENCY, SCRIPT WHICH MAKES THE NUMBER MISLEADING/INFLATED AT BEST:(I HAVE LEFT OUT THE ENCLOSING BRACKET SO SAME WON’T ACTIVATE ON THIS PAGE) script type="text/javascript"> var timer = setInterval("autoRefresh()", 1000 * 60 * 3); function autoRefresh(){self.location.reload(true);} script (I HAVE LEFT OUT THE ENCLOSING BRACKETS SO SAME WON’T ACTIVATE ON THIS PAGE). The same automatically refreshes which makes advertisers think they’re getting more for their money…..so very jewish!
Ritter: US war with Iran in the offing
The Deepening Recession
Why food prices will go through the roof in coming months
Rice Jumps to Record, Corn Near High as Demand Outpaces Supply

BBC Caught Editing Story To Appease Global Warming Lobbyist April 7, 2008
IMF chief says global intervention needed on credit crisis April 7, 2008
China Condemns 'Vile' Olympic Torch Protests April 7, 2008
Vodka-maker Absolut apologizes, ends ad showing California, Texas as part of Mexico April 7, 2008
More than 50 percent chance of very severe U.S. recession: Greenspan
Gold edges higher as weak U.S. payrolls keeps pressure on dollar
Germany to warn against intervention in favour of U.S. dollar
Dollar Bottom Elusive Before G-7; Bearish Bets Double
$3 trillion may be too low
Now We Know the Real Reasons For the Credit "Crisis"
More Army recruits require 'conduct' waivers
US renewed Blackwater contract without consulting Iraq: PM
Gold Versus the Dollar YouTube | The value of the dollar is dropping like a rock and this video is to show how this is affecting the prices of everything from gas to milk
Continuity of Government & The “ENDGAME” Scenario Tom Burghardt | In the absence of massive public opposition to existing martial law plans by the Bush regime or future U.S. administrations, the prospect of America continuing as a free and open society is a mirage at best.
Petraeus Testimony Will Signal Iran Attack Paul Craig Roberts | By next Thursday we will know from how the Petraeus-Crocker dog and pony show plays in the US Congress and media whether the Bush Regime will commit yet another war crime by attacking Iran.
Obama Adviser Calls for Troops To Stay in Iraq Through 2010 So much for Mr. Change, heralded as one of a few in Congress against the brutal and illegal occupation of Iraq
War Clouds Over Mideast Russian President Vladimir Putin was recently quoted as saying, “No one can seriously think that Iran would dare attack the US. Instead of pushing Iran into a corner, it would be far more sensible...
'W’ by Stone: Foul-mouthed, incompetent, reformed drunk obsessed with baseball'
FEARS OF SOCIAL UNREST AS RICE PRICES SURGE BY 10% TO HIT A FRESH HIGH...
ABSOLUT runs ads celebrating American Southwest belonging to Mexico...

Clinton on defensive amid Colombia trade flap
Rapid rise of Hillary's fortune...
Bill Clinton Earned $15.4 Million From Burkle Firm...
Ohio Hospital Contests a Story Clinton Tells... April 5, 2008 Ohio Hospital Contests a Story Clinton Tells By DEBORAH SONTAG Over the last five weeks, Senator Hillary Rodham Clinton of New York has featured in her campaign stump speeches the story of a health care horror: an uninsured pregnant woman who lost her baby and died herself after being denied care by an Ohio hospital because she could not come up with a $100 fee.

The woman, Trina Bachtel, did die last August, two weeks after her baby boy was stillborn at O’Bleness Memorial Hospital in Athens, Ohio. But hospital administrators said Friday that Ms. Bachtel was under the care of an obstetrics practice affiliated with the hospital, that she was never refused treatment and that she was, in fact, insured.

“We implore the Clinton campaign to immediately desist from repeating this story,” said Rick Castrop, chief executive officer of the O’Bleness Health System.

Linda M. Weiss, a spokeswoman for the not-for-profit hospital, said the Clinton campaign had never contacted the hospital to check the accuracy of the story, which Mrs. Clinton had first heard from a Meigs County, Ohio, sheriff’s deputy in late February. ….

Ventura Cites 2nd Amendment During Revolution Talk April 8, 2008
Sen. Arlen Spector Confronted on Magic Bullet Theory April 8, 2008
Alex Jones Adds 4th Hour To The Infowar April 8, 2008
Rick Perry Denies North American Union, Decries Bilderberg Critics as 'Black Helicopter' People April 8, 2008
Greenspan: No regrets; U.S. in recession
Fed: Severe downturn possible
Oil prices approach record heights
Euro Trades Near One-Week High Against Dollar on Rate Advantage
U.K. House Prices Fall the Most Since 1992, HBOS Says
IMF PUTS COST OF CREDIT CRISES AT $1 TRILLION...
Oil prices approach record heights...
Gov't Says Gas Could Reach $4 Gallon...
Greenspan: USA in recession...
Fed Auctions Another $50B to Cash-Strapped Banks...
WAMU gets $7B infusion, cuts jobs, sees big loss...
CITIGROUP, WELLS FARGO May Curtail Lending...

Ahmadinejad: US used September 11 as 'pretext' for invasions (AFP)

Greenspan: No regrets; U.S. in recession
More than 50 percent chance of very severe U.S. recession: Greenspan
Gold edges higher as weak U.S. payrolls keeps pressure on dollar
Germany to warn against intervention in favour of U.S. dollar
Dollar Bottom Elusive Before G-7; Bearish Bets Double
$3 trillion may be too low
Fed: Severe downturn possible
Stocks fall after earnings, Fed minutes
Small Business Sentiment At 20-Year Low
AFP | According to the IMF, the “crisis is spreading beyond the US subprime market — namely to the prime residential and commercial real estate markets, consumer credit, and the low- to high grade corporate credit markets.”
Fed minutes show officials worried about deep recession
Pending home sales hit low in February

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The Deepening Recession
Why food prices will go through the roof in coming months
Rice Jumps to Record, Corn Near High as Demand Outpaces Supply
LOGAN6 (WASHINGTON POST POSTS) WROTE:

The reasons why Obama is winning the nomination against Clinton and why he will win the general election against McCain are the following...

With McCain, we have someone who lives for wars and who is missing the heros of WW-II (see the reference to Churchill in one of McCain's publicity). We also have someone who didn't object to the idea of starting a war under false pretenses.

With Hillary Clinton, we have someone who is associated to too many scandals with her husband before, during and after the White House:

- Most number of convictions and guilty pleas by friends and associates
- Most number of cabinet officials to come under criminal investigation
- Most number of witnesses to flee country or refuse to testify
- Most number of witnesses to die suddenly
- First first lady to come under criminal investigation
- Largest criminal plea agreement in an illegal campaign contribution case
- First president to establish a legal defense fund.
- First president to be held in contempt of court
- Greatest amount of illegal campaign contributions
- Greatest amount of illegal campaign contributions from abroad
- First president disbarred from the US Supreme Court and a state court

Before Bill left office, he gave favors in exchange of money... For example, shortly after being pardoned by President Clinton, fugitive financier Marc Rich had his ex-wife giving $400 000 to the Clintons library foundation: Source:
http://www.time.com/time/nation/article/0,8599,98756,00.html

The Clinton foundation received recently a $31.3 million donation after Bill expressed enthusiastic support for the Kazakh leader's, undercuting both American foreign policy and sharp criticism of Kazakhstan's poor human rights: Source: http://www.nytimes.com/2008/01/31/us/politics/31donor.html

The reasons why Obama is winning against Clinton and why he will win against McCain are that voters are sick of people starting wars for false pretenses and they are sick of corrupted politicians (I include the Clintons and some of their pundits who have been allies in their past scandals).
Mugabe warns of white land battle BBC News - Zimbabwe's President, Robert Mugabe, has called on its black population to to continue to be racists, use violences, and ensure that white farmers do not regain the land seized from them, reports say.
Fears rise with violence in Zimbabwe Los Angeles Times
Mugabe moves to bolster himself for runoff Boston Globe
Extension for 2007 taxes..
All charitable donations in '06 were to Clinton Foundation...
$18 million dollars unaccounted for...
RAGS-TO-RICHES: CLINTONS SHOW $109 MILLION
Woman dragged out of Hillary fundraiser screaming she was only black there...
STRATEGIST FOR CLINTON LOBBIED FOR PACT SHE OPPOSES...

F. William Engdahl | With the sudden departure of Hillary Clinton’s main campaign strategist, Mark Penn, it is clear that the powerful interests originally backing Clinton have decided to end the game with her.
Traders bet Obama will win nomination...
Where did the tables turn?
Clinton demands withdrawal from Iraq...
Colombia Trade Deal Splits Clintons...
VIDEO: McCain Booed During MLK Speech...
OBAMA CALLS FOR TALKS WITH IRAN
Economy sheds 80,000 jobs in March...
...Unemployment Rate Rise to 5.1%
Fed’s interest rate games destroyed the dollar
DEMOTED: Clinton Strategist Under Pressure...
Will continue 'polling and advice'...
'A less combative campaign'...
WRAL: OBAMA TAKES 23-POINT LEAD IN NC...
Greenspan endorses McCain, foresees recession...
ALEX JONES ARCHIVES:
Featured Stories archive
World news archive
World at war archive
September 11 archive
Globalism archive
U.S. News archive
Border control & illegal immigration archive
Iraq archive
Race for the nomination archive
Iran archive
Media archive

Ventura's 9/11 Questions Break Through Mainstream Media Dam April 9, 2008
We Are Change Meets Rosie O'Donnell April 9, 2008
Chinese Paramilitary Thugs Policed London Torch Relay April 9, 2008
Vice Chair of 9/11 Panel: We Have No Record of Mukasey's 'Warning' April 9, 2008
Pound falls to 80p against the euro
Government is the Largest Employer: The Fading American Economy
The slick trick behind global frauding
Crude Oil Tops $111 a Barrel
US Lawmakers Invested in Iraq, Afghanistan Wars
Russia wants military officers at U.S. missile sites
Desert Drug Runners Cross an Open Border
HILLARY'S TALL TALES ABOUT HEALTH CARE
Gas, oil prices hit new records
American cancels more than 1,000 flights
GAO: Millions wasted on federal credit cards
Dems in a so much for their war crimes/reparations moment now want Iraqis to spend oil surplus to repair america’s war crimes/destruction of their nation and citizens
Fed: Severe downturn inevitable
A look at the estimated costs of war
Fed staff see first half economic 'contraction'
Greenspan: No regrets; U.S. in severe recession
Fed: Severe downturn possible
Oil prices approach record heights
Euro Trades Near One-Week High Against Dollar on Rate Advantage
U.K. House Prices Fall the Most Since 1992, HBOS Says
IMF PUTS COST OF CREDIT CRISES AT $1 TRILLION...
Oil prices approach record heights...
Gov't Says Gas Could Reach $4 Gallon...
Greenspan: USA in recession...
Fed Auctions Another $50B to Cash-Strapped Banks...
WAMU gets $7B infusion, cuts jobs, sees big loss...
CITIGROUP, WELLS FARGO May Curtail Lending...
Israel’s ‘Red Lines’ Pre-Empting Negotiations
Basra: What Reporters Omitted and Fabricated
GAS, OIL PRICES HIT NEW RECORDS
HELL: AMERICAN Cancels More Than 1,000 Flights...
100,000 passengers affected...

UN Human Rights Official Wants Investigation Into US Government Role In 9/11 April 10, 2008
Ludicrous Hit Piece Attacks Ventura On WTC Collapse Comments April 10, 2008
Memo Shows Bush Administration Says to Hell With Fourth Amendment Rights April 10, 2008
Government Scientists Propose "Geo-Engineering" Earth's Upper Atmosphere April 10, 2008
McCain Won't Rule Out Pre-Emptive War
UK and world facing the biggest financial shock since the Great Depression, says IMF
Israel Cuts Off Fuel Supplies to Gaza
Euro scores fresh record high...
GAS, OIL PRICES HIT NEW RECORDS...
Soros envisions future where dollar no longer main world currency...
Man claims CIA tortured him, goes to international court
Stocks may fall, but execs' pay doesn't
Five Things You Need to Know: The True Cost of Inflation
GLOBAL MARKETS-Investors turn to debt as oil surges anew -
Business Highlights (AP)[video] Regrets? Greenspan Should Have a Few (at TheStreet.com)
Pound falls to 80p against the euro
Government is the Largest Employer: The Fading American Economy
The slick trick behind global frauding
Crude Oil Tops $111 a Barrel
US Lawmakers Invested in Iraq, Afghanistan Wars
Russia wants military officers at U.S. missile sites
Desert Drug Runners Cross an Open Border
HILLARY'S TALL TALES ABOUT HEALTH CARE
Gas, oil prices hit new records
American cancels more than 1,000 flights
GAO: Millions wasted on federal credit cards
Dems in a so much for their war crimes/reparations moment now want Iraqis to spend oil surplus to repair america’s war crimes/destruction of their nation and citizens
Fed: Severe downturn inevitable
A look at the estimated costs of war
Fed staff see first half economic 'contraction'
Greenspan: No regrets; U.S. in severe recession
Fed: Severe downturn possible
Oil prices approach record heights
Euro Trades Near One-Week High Against Dollar on Rate Advantage
U.K. House Prices Fall the Most Since 1992, HBOS Says
IMF PUTS COST OF CREDIT CRISES AT $1 TRILLION...
Oil prices approach record heights...
Gov't Says Gas Could Reach $4 Gallon...
Greenspan: USA in recession...
Fed Auctions Another $50B to Cash-Strapped Banks...
WAMU gets $7B infusion, cuts jobs, sees big loss...
CITIGROUP, WELLS FARGO May Curtail Lending...
Israel’s ‘Red Lines’ Pre-Empting Negotiations
Basra: What Reporters Omitted and Fabricated
GAS, OIL PRICES HIT NEW RECORDS
HELL: AMERICAN Cancels More Than 1,000 Flights...
100,000 passengers affected...

Lawyers Move To Get Torture Memo Author Yoo Tried As War Criminal April 11, 2008
Japan Says No to Chinese Torch Guards: Reports April 11, 2008
Janet Reno Confronted on Government-Sponsored Terrorism-- Home Grown & Abroad April 11, 2008
Dick Cheney and Condoleezza Rice 'Authorized Waterboarding Torture of Al Qaeda Prisoners' April 11, 2008
The Iranian "Secret Missile Launch Site" Scam
U.S. Economy: Consumer Sentiment Drops to 26-Year Low
Military Personnel Account for 20% of U.S. Suicides
UN Human Rights Official Wants Investigation Into US Government Role In 9/11
IMF says US crisis is ‘largest financial shock since Great Depression’
Poll: 65% of Americans Want Troops Brought Home
McCain Won't Rule Out Pre-Emptive War
Clinton's post-presidential perks cost taxpayers almost as much as Carter, Bush 41 -- combined ...
Israel Cuts Off Fuel Supplies to Gaza
US Seeks to Stall Talks on Jerusalem
'Shocking' GE results show size of crisis...
GE Plunges as Profit Misses Estimates, Forecast Cut (Update9)
Embarrassed Immelt...
Wall Street soured...
GLOOMY
Airlines Face New Cash Challenge...
Consumer Confidence Falls to 26-Year Low...
TRIPPED UP: Clinton Misstates Wife's Bosnia Tale...

Ahmadinejad: US used September 11 as 'pretext' for invasions (AFP)

Greenspan: No regrets; U.S. in recession
More than 50 percent chance of very severe U.S. recession: Greenspan
Gold edges higher as weak U.S. payrolls keeps pressure on dollar
Germany to warn against intervention in favour of U.S. dollar
Dollar Bottom Elusive Before G-7; Bearish Bets Double
$3 trillion may be too low
Fed: Severe downturn possible
Stocks fall after earnings, Fed minutes
Small Business Sentiment At 20-Year Low
AFP | According to the IMF, the “crisis is spreading beyond the US subprime market — namely to the prime residential and commercial real estate markets, consumer credit, and the low- to high grade corporate credit markets.”
Fed minutes show officials worried about deep recession
UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF.
Pending home sales hit low in February
THANKS FOR MAKING MARCH '08 THE BIGGEST MONTH IN THE DRUDGEREPORT'S 13 YEAR HISTORY!
MAIN PAGE LOADED 590,943,577 TIMES...WHICH WAS ACCOMPLISHED BY USE OF THE FOLLOWING, SOMEWHAT ANNOYING OWING TO FREQUENCY, SCRIPT WHICH MAKES THE NUMBER MISLEADING/INFLATED AT BEST:(I HAVE LEFT OUT THE ENCLOSING BRACKET SO SAME WON’T ACTIVATE ON THIS PAGE) script type="text/javascript"> var timer = setInterval("autoRefresh()", 1000 * 60 * 3); function autoRefresh(){self.location.reload(true);} script (I HAVE LEFT OUT THE ENCLOSING BRACKETS SO SAME WON’T ACTIVATE ON THIS PAGE). The same automatically refreshes which makes advertisers think they’re getting more for their money…..so very jewish!
The Deepening Recession
Why food prices will go through the roof in coming months
Rice Jumps to Record, Corn Near High as Demand Outpaces Supply
LOGAN6 (WASHINGTON POST POSTS) WROTE:

The reasons why Obama is winning the nomination against Clinton and why he will win the general election against McCain are the following...
With McCain, we have someone who lives for wars and who is missing the heros of WW-II (see the reference to Churchill in one of McCain's publicity). We also have someone who didn't object to the idea of starting a war under false pretenses.
With Hillary Clinton, we have someone who is associated to too many scandals with her husband before, during and after the White House:

- Most number of convictions and guilty pleas by friends and associates
- Most number of cabinet officials to come under criminal investigation
- Most number of witnesses to flee country or refuse to testify
- Most number of witnesses to die suddenly
- First first lady to come under criminal investigation
- Largest criminal plea agreement in an illegal campaign contribution case
- First president to establish a legal defense fund.
- First president to be held in contempt of court
- Greatest amount of illegal campaign contributions
- Greatest amount of illegal campaign contributions from abroad
- First president disbarred from the US Supreme Court and a state court

Before Bill left office, he gave favors in exchange of money... For example, shortly after being pardoned by President Clinton, fugitive financier Marc Rich had his ex-wife giving $400 000 to the Clintons library foundation: Source:
http://www.time.com/time/nation/article/0,8599,98756,00.html
The Clinton foundation received recently a $31.3 million donation after Bill expressed enthusiastic support for the Kazakh leader's, undercuting both American foreign policy and sharp criticism of Kazakhstan's poor human rights: Source: http://www.nytimes.com/2008/01/31/us/politics/31donor.html
The reasons why Obama is winning against Clinton and why he will win against McCain are that voters are sick of people starting wars for false pretenses and they are sick of corrupted politicians (I include the Clintons and some of their pundits who have been allies in their past scandals).
Mugabe warns of white land battle BBC News - Zimbabwe's President, Robert Mugabe, has called on its black population to to continue to be racists, use violences, and ensure that white farmers do not regain the land seized from them, reports say.
Fears rise with violence in Zimbabwe Los Angeles Times
Mugabe moves to bolster himself for runoff Boston Globe
Extension for 2007 taxes..
All charitable donations in '06 were to Clinton Foundation...
$18 million dollars unaccounted for...
RAGS-TO-RICHES: CLINTONS SHOW $109 MILLION
Woman dragged out of Hillary fundraiser screaming she was only black there...
STRATEGIST FOR CLINTON LOBBIED FOR PACT SHE OPPOSES...

F. William Engdahl | With the sudden departure of Hillary Clinton’s main campaign strategist, Mark Penn, it is clear that the powerful interests originally backing Clinton have decided to end the game with her.
Traders bet Obama will win nomination...
Where did the tables turn?
Clinton demands withdrawal from Iraq...
Colombia Trade Deal Splits Clintons...
VIDEO: McCain Booed During MLK Speech...
OBAMA CALLS FOR TALKS WITH IRAN
Economy sheds 80,000 jobs in March...
...Unemployment Rate Rise to 5.1%
Fed’s interest rate games destroyed the dollar
DEMOTED: Clinton Strategist Under Pressure...
Will continue 'polling and advice'...
'A less combative campaign'...
WRAL: OBAMA TAKES 23-POINT LEAD IN NC...
Greenspan endorses McCain, foresees recession...
ALEX JONES ARCHIVES:
Featured Stories archive
World news archive
World at war archive
September 11 archive
Globalism archive
U.S. News archive
Border control & illegal immigration archive
Iraq archive
Race for the nomination archive
Iran archive
Media archive

American Hegemony Is Not Guaranteed April 14, 2008
Did China Stage Tibetan "Attack" On Wheelchair-Bound Woman? April 14, 2008
Central Plank Of Global Warming Alarmism Discredited April 14, 2008
Armed Robots Turn Their Weapons On US Soldiers April 14, 2008
US Dollar At New Multi-year Low Against Mexican Peso
U.S. housing collapse spreads overseas
Dollar flat as bleak U.S. outlook offsets G7 impact
Oil prices surge to new records on supply woes, weak dollar
Australian paper proclaims: A New World Order as U.S. prosperity falls Daniel Taylor | The United States is undoubtedly facing extremely difficult economic times as foreclosures spread and the dollar declines to record lows with the endorsement of the establishment. A new world order is rising.
Pennsylvania crowd jeers Clinton's attack...
GALLUP Daily: Obama Numbers Holding Strong...
FOOD COSTS RISING FASTEST IN 17 YEARS
International war criminal nation israel snubs peace seeking Carter, declines security help...
McCain says USA in recession...
Blames 'greedy' Wall Street...
Survey Finds 98% Of Historians Consider Bush A 'Failure'...

HILLARY NOW: Portrays Herself as a Pro-Gun Churchgoer...
FLASHBACK: HILLARY 1999: Lobbies for Massive Gun Control...
GALLUP Daily: Obama Maintains Solid Democratic Lead...
Clinton: 'Not relevant' last time I went to church, fired gun...

WORLD WORRY FOR DOLLAR...
Economic Report Summary: Consumer Sentiment Index at 26-Year Low
Investors fear...
EU Demands More Say...
BANKS REVEAL FRESH $15B LOSS...
IMF Head Warns About Food Prices...
PAPER: CARTER, GORE PLAN OBAMA ENDORSEMENT...
Jimmy Carter Defends Meeting With Hamas...

Israel Psychologically Tortures Palestinian Detainees

Jury finds ‘DC Madam’ guilty on four counts April 15, 2008
U.S. Foreclosures Jump 57% as Homeowners Walk Away April 15, 2008
Source: U.S. Strike on Iran Nearing April 15, 2008
Jim Rogers: China’s Economic Advance is All But Unstoppable April 15, 2008
McCain Supports North American Integration, League of Democracies
Oil, Gasoline Climb to Records as Investors Move to Commodities
Dozens dead as Iraq cities bombed
Oil Rises to Record on Mexico Terminal Closures, China Demand
Gold rises 1 pct on record high oil, weaker dollar
Food Costs Rising Fastest in 17 Years
NYT: Retailer bankruptcies set to prompt thousands of store closings Mike Sheehan | The consumer spending slump and tightening credit markets are triggering a wave of bankruptcies in American retailing.
Housing gloom 'worst in 30 years'
U.S. Foreclosures Jump 57% as Homeowners Walk Away
U.S. housing collapse spreads overseas IHT | The collapse of the housing bubble in the United States is as well, evidence of a global bubble, with real estate prices down from the Irish countryside and the Spanish coast to Baltic seaports and even in parts of India.

Intel posts in-line results, stock climbs (Reuters) - Intel Corp on Tuesday posted a lower quarterly net profit and reported revenue that was slightly ahead of expectations in the face of a weakening U.S. economy which means they’ve been in monopoly/eliminate competition (AMD) mode.

Commercial Real Estate Imploding
Australian paper proclaims: A New World Order as U.S. prosperity falls Daniel Taylor | The United States is undoubtedly facing extremely difficult economic times as foreclosures spread and the dollar declines to record lows with the endorsement of the establishment. A new world order is rising.
Pennsylvania crowd jeers Clinton's attack...
China lashing out at foreign critics; Pelosi 'disgusting'...
GALLUP Daily: Obama Numbers Holding Strong...
GALLUP: OBAMA SCORES LARGEST LEAD OF YEAR...
LATIMES/BLOOMERG: Clinton losing traction in Pennsylvania, Indiana...
Reid: Dem nomination 'is all going to be over very soon'...

Hollywood Actor Unleashes on Fraudulent Scientology...
Actor Tim Robbins Tears Into Government, Media...
Oil Rises to Record Near $114...
Wholesale Prices Soar in March...
FOOD COSTS RISING FASTEST IN 17 YEARS
International war criminal nation israel snubs peace seeking Carter, declines security help...
McCain says USA in recession...
Blames 'greedy' Wall Street...
Survey Finds 98% Of Historians Consider Bush A 'Failure'...

WORLD WORRY FOR DOLLAR...
Economic Report Summary: Consumer Sentiment Index at 26-Year Low
Investors fear...
EU Demands More Say...
BANKS REVEAL FRESH $15B LOSS...
IMF Head Warns About Food Prices...
PAPER: CARTER, GORE PLAN OBAMA ENDORSEMENT...
Jimmy Carter Defends Meeting With Hamas...

Israel Psychologically Tortures Palestinian Detainees

Israeli army withdraws after Gaza raid kills seven (AFP) - AFP - Israeli forces withdrew from the Gaza Strip on Saturday, the army said, after a raid that left seven people dead, including a 10-year-old boy.
Obama widens lead on Clinton in state Seattle Times
Why Gov. Bill Richardson didn't endorse Clinton Los Angeles Times - Shari Vialpando / AP Gov. Bill Richardson, shown here in New Mexico on Tuesday, has drawn criticism from supporters of Bill and Hillary Clinton for endorsing Sen. Barack Obama.
Poll: Pa. women ditching Hillary Boston Herald
Campaign confusion Republican & Herald
7 Reasons March Was Not the Bottom Paul Castro
"A ship is safe in harbor, but that's not what ships are for." ~ William Shedd
I was almost 100% in cash going into the July 2007 highs as I sensed the market was running out of momentum. Tired of getting whipsawed, I have gritted my teeth and progressively upped my long exposure since the August selling stampede rather than continuing to buy and get stopped out. While I agree with those who say the March lows marked a major intermediate bottom, the humbling experience that is being an Investment Director in a public forum such as VesTopia calls for looking at the flip side of the coin. So without further ado, the 7 reasons March was not "the" bottom;

• Too many pundits have called the March lows "the" bottom. The proverbial "they" say that bottoms only happen after people stop looking for them.

• The lower low in January 2008 on the S&P marks the first in a series of two lower lows so far since a series of lower lows that began in April 2001 and was finally broken by a higher high in March 2004. If history repeats, unless sooner broken by a higher high this series of S&P lower lows has a ways to go still.

• The simple moving averages remain in a bearish configuration on most of the major stock indexes. To illustrate, on the Russell 2000, the Nasdaq and S&P the 20-day moving average is lower than the 50-day moving average which is lower still than the 200-day moving average.

• Related to the first bullet, the March lows were not accompanied by true capitulation. To illustrate, when the S&P made its closing low on March 10th the ratio of decliners to advancers was only 5.2 to 1 and the ratio of down volume to up volume was only 8.6 to 1. True capitulation would have been marked by at least a 9 to 1 ratio on both internal measures.

• The recovery from the March lows has quickly moved each index into stochastically over-bought territory while simultaneously failing to achieve higher price highs. Stochastic sell signals have recently been generated on each of the indexes signaling that the overbought conditions could potentially be worked off by lower prices.

• Related to the second bullet, Dow Theory remains on a sell signal. The last sell signal generated by Dow Theory was in March 2000 and it took until February 2004 to generate a Dow Theory buy signal. Again, what if history repeats itself?

• While we came pretty close, we never saw the number of bearish investment newsletter writers get to 50%.

Neo-Con Calls For Shredding Constitution, Imposing World Government April 16, 2008
Australia warns Olympic torch guards over tough tactics April 16, 2008
FBI Intentionally Botching Investigations To Get More Administrative Spying Powers April 16, 2008
China's Economy Grows 10.6% in Q1 April 16, 2008
Report: Netanyahu says 9/11 terror attacks good for Israel
Bailing Out Banks
Dollar Falls to Record Against Euro as EU Inflation Quickens
Economy slowing, prices rising: Fed Beige Book
Oil futures jump to record over $115 on supply concerns
US continues killing Iraqi civilians
Lt. Col. Robert Bowman: "Impeach bush and cheney for exploiting the 9/11 tragedy!"
Oil futures jump to record over $115 on supply concerns
The Madness of Ben Bernanke
Retailer bankruptcies set to prompt thousands of store closings
Oil hits new record as investors flee the falling dollar...

Clinton faces grim poll data as debate looms by Stephen Collinson Wed Apr 16 Clinton was under pressure to change the shape of the Democratic nominating tussle as a high-stakes debate loomed with her party foe Barack Obama in Pennsylvania, which holds a nominating contest next Tuesday.The New York senator has been attacking Obama for days over his comment that some small-town Americans were "bitter," but latest opinion surveys suggested the Illinois senator had escaped serious immediate damage.Polls show Clinton has stalled Obama's attempt to catch her in Pennsylvania, but her lead of around six points did not suggest the kind of blowout win she needs to sow doubts about Obama's viability in the minds of top party leaders.Clinton has been written off before and pulled off surprising comebacks, but her White House hopes are on thin ice because she trails Obama in nominating contests won, elected delegates and the popular vote…..
HILLARY CLINTON: THE BIG MISTAKE
Murtha says McCain too old to be president

Whites under siege hunker down in Zimbabwe election crisis By ANGUS SHAW, Associated Press Writer HARARE, Zimbabwe - With his 28-year grip on power slipping, President Robert Mugabe's government has again lashed out at Zimbabwe's white community, calling his black opponents tools of former colonial master Britain and stoking anger against the nation's whites…..But after repeated attacks, the seizure of most white-owned farms and the near collapse of the economy, the white community's size and power have dwindled. It may no longer be effective to use whites as a scapegoat for the nation's ills…..

Credit Losses May Not Be Over For Banks (at The Wall Street Journal Online)
Merrill Lynch to write down further $6-8 bln: report (Reuters)
Israeli airstrike kills freedom fighter (AP)

Gold rises 1 pct on record high oil, weaker dollar
Food Costs Rising Fastest in 17 Years
NYT: Retailer bankruptcies set to prompt thousands of store closings Mike Sheehan | The consumer spending slump and tightening credit markets are triggering a wave of bankruptcies in American retailing.
Housing gloom 'worst in 30 years'
U.S. Foreclosures Jump 57% as Homeowners Walk Away
U.S. housing collapse spreads overseas IHT | The collapse of the housing bubble in the United States is as well, evidence of a global bubble, with real estate prices down from the Irish countryside and the Spanish coast to Baltic seaports and even in parts of India.

Israel Psychologically Tortures Palestinian Detainees

Paul Joseph Watson Threatened Over AIDS Article April 17, 2008
Report reveals Iran seized British sailors in disputed waters April 17, 2008
Ahmadinejad's Bumbling 9/11 Comments Please Neo-Cons April 17, 2008
The Birds Are Not Being Wiped Out April 17, 2008
Decline Of The American Empire And The Rise Of The NEW World Order
Sallie Mae affirms outlook, warns of "train wreck"
Oil prices headed toward $125/barrel: Pickens
FBI email says Bush signed exec order authorizing torture
19 Palestinians including children and Reuters cameraman Killed in kike israeli Blitz
Oil hits another record high as dollar tumbles to record low...
Oil prices 'headed toward $125/barrel'...
China passes USA as exporter...

Ex-NFL Player Tasered For Pointing At Cop April 18, 2008
Authorities lose patience with collapsing dollar April 18, 2008
Law enforcement agencies crack down on drivers, boaters in 'anti-terrorism initiative' April 18, 2008
NYT’s Lichtblau: Bush Torture Program And CIA Tape Destruction ‘Could Lead To Criminal Action’ April 18, 2008
Did Palestinian Activist Riad Hamad Commit Suicide?
Another OKC Bombing Hero "Commits Suicide"
Police Say FBI Target Found Dead In Lake, Bound & Gagged, Committed Suicide!
Rumsfeld ex-aide calls Iraq war 'major debacle' whose outcome is 'in doubt'
Suicide bombings at highest numbers in history since Iraq invasion
Authorities lose patience with collapsing dollar
Experts see Depression parallels in U.S. crisis
HAS CAPITALISM FAILED? NO, BUT AMERICA’S INHERENTLY CRIMINAL VERSION OF IT HAS INDEED FAILED. CAN ANYBODY RATIONALLY DENY THAT?
Neocon Schemes vs. Iran “At one stage we were reduced to pretending that Panama’s General Noriega was a menace to our way of life. Then it was Slobodan Milosevic. Finally, we inflated the piffling Saddam Hussein into a looming Hitler”
AP: TIME AGAINST CLINTON

`False abuse claim investigated in Texas polygamist raid... What is really abusive is the incompetence/corruption in all three branches of u.s. government and you can lump state and local governments/courts/politicians, etc. , into the same category/characterization, although it is indeed difficult to imagine or comprehend young virginal girls with those old pigs; quite disgusting.`
`'Bed in temple not used for sex'...`

`Oil and rice race to record levels...`
The euro has surged to fresh records this week, touching $1.5982 against the dollar and £0.8098 against sterling yesterday.

Al-Qaida leader: 5 years of US in Iraq brought 'failure' (AP) - AP - Al-Qaida's No. 2 leader claimed in an audiotape released Friday that five years of U.S. involvement in Iraq brought only defeat, and said President bush will be forced to pass the problem to ...
AMERICANS BECOMING MORE CROOKED By LARA JAKES JORDAN, Associated Press Writer Thu Apr 17, 7:39 PM ET WASHINGTON - The FBI is grappling with growing numbers of public corruption cases and a surge in mortgage fraud investigations, FBI Director Robert Mueller said Thursday, wondering aloud whether Americans are "becoming more crooked." In a speech to the American Bar Association, Mueller asked the assembled defense lawyers for help in "creating a culture of integrity" by reporting evidence of wrongdoing by politicians and corporate executives alike." Anyone who follows the news these days and sees repeated references to corporate fraud and public corruption might think the nation is in the midst of a moral crisis," Mueller told the defense attorneys. "Have we as a society become more corrupt? [The answer is YES] Or have we in the FBI simply become more adept at rooting out fraud and corruption? [While high regard for the FBI is warranted, the fact is that they are so infinitesimally small a portion of the U.S. population that relative thereto, they are but a genetic aberration (in the most positive sense) when juxtaposed to the inherently criminal american populace at all levels of american society]."…..
SUCH ARE ALSO THE PONDERINGS, MUSINGS EXTANT AT THIS STAGE OF DECLINE/FALL OF ANY SOCIETY/NATION IN AGES PAST; IE., ROME, ETC..

CONGRESS WITH approval ratings of 11% (with similarly low ratings for incompetents, war criminals bush/cheney) for glaring incompetence/corruption still had audacity enough to misuse/fraudulently use their congressional credit cards even as the nation/citizens are drowning in congressionally/executively accumulated debt.
Stephen Barr - OMB Gets Tough on Misuse of Government Credit Cards ...By Stephen Barr Thursday, April 10, 2008; Page D04
A crackdown on the misuse of government credit cards is underway.
The Office of Management and Budget said yesterday that it would welcome Congress's help in disciplining federal employees who misuse their cards, pointing to a Senate bill that would authorize agencies to fire employees for egregious abuse of government credit cards. Employees suspected of fraud would have their cases referred to federal prosecutors. ….. An investigative report released by senators Tuesday showed that government employees used their credit cards in 2005 and 2006 to buy cameras, laptop computers, iPods, high-end suits, lingerie, and steak and booze dinners. The inquiry by the Government Accountability Office was not the first to discover abuse in federal credit card and travel programs. Previous reports by the GAO and inspectors general have documented federal employees using their government cards to buy baseball tickets, jewelry, cellphones, escort services and, in one instance, breast enhancement surgery for a girlfriend. "Here We Go Again," was the headline yesterday on a news release from the Project on Government Oversight, a nonprofit group that investigates corruption in government. It noted that the group uncovered similar problems in 2002.

Former Clinton Cabinet member endorses Obama CNN -- Sen. Barack Obama received key endorsements Friday from a top former Clinton administration official and two former Democratic senators.
ELECTION NOTEBOOK Another former Clinton official supports Obama MarketWatch
Former Clinton labor secretary Reich backs Obama Reuters

TransLink Cops Will Continue To Taser Fare Dodgers April 21, 2008
MEP Assaults Activists, Media Reports Opposite In Giant Smear Attempt April 21, 2008
New anti-terrorism rules 'allow US to spy on British motorists' April 21, 2008
Torture victim's records lost at Guantánamo, admits camp general April 21, 2008
"Hero" John McCain as Phony and Collaborator: What Really Happened When He Was a POW?
McCain Presidency: Anger Management Candidate with His Finger on the Button
More convicted felons allowed to enlist in Army, Marines
US jets drop bombs on Sadr City US warplanes have dropped bombs on east Baghdad district of Sadr City where hundreds of civilians have already been killed in air strikes.
How McCain behaved when he was a prisoner is key. McCain is probably the most unstable man ever to have got this close to the White House. He’s one election away from it.
Obama takes big national lead over Clinton in Newsweek poll
'Vast right-wing conspiracy' leader's paper backs Clinton (AP) Could it be the "vast right wing conspiracy" is having second thoughts? Democrat Hillary Rodham Clinton was endorsed Sunday by the Pittsburgh Tribune-Review, whose owner and publisher, ...
LEE IACOCCA SPEAKS OUT ABOUT AMERICA Kipper Mathews These words by Lee Iacocca are excerpts from his new book and have been circulating the net lately. I couldn’t help but spread the word as his opinions are my feelings as well.

I am not taking any responsibility for their accuracy, I’m just passing on the information received.

Lee Iacocca Says:

‘Am I the only guy in this country who’s fed up with what’s happening? Where the hell is our outrage?

We should be screaming bloody murder. We’ve got a gang of clueless bozos steering our ship of state right over a cliff, we’ve got corporate gangsters stealing us blind, and we can’t even clean up after a hurricane much less build a hybrid car.

But instead of getting mad, everyone sits around and nods their heads when the politicians say, ‘Stay the course’. Stay the course? You’ve got to be kidding. This is America , not the damned ‘Titanic’. I’ll give you a sound bite: ‘Throw all the bums out!’

You might think I’m getting senile, that I’ve gone off my rocker, and maybe I have. But someone has to speak up. I hardly recognize this country anymore.

The most famous business leaders are not the innovators but the guys in handcuffs. While we’re fiddling in Iraq , the Middle East is burning and nobody seems to know what to do. And the press is waving ‘pom-poms’ instead of asking hard questions. That’s not the promise of the ‘America’ my parents and yours traveled across the ocean for. I’ve had enough. How about you?

I’ll go a step further. You can’t call yourself a patriot if you’re not outraged. This is a fight I’m ready and willing to have.

The Biggest ‘C’ is Crisis ! ( see the ten C’s in his book )

Leaders are made, not born. Leadership is forged in times of crisis. It’s easy to sit there with your feet up on the desk and talk theory. Or send someone else’s kids off to war when you’ve never seen a attlefield yourself. It’s another thing to lead when your world comes tumbling down.On September 11, 2001, we needed a strong leader more than any other time in our history. We needed a steady hand to guide us out of the ashes. A HELL OF A MESS, SO HERE’S WHERE WE STAND. WE’RE IMMERSED IN A BLOODY WAR WITH NO PLAN FOR WINNING AND NO PLAN FOR LEAVING. WE’RE RUNNING THE BIGGEST DEFICIT IN THE HISTORY OF THE COUNTRY. WE’RE LOSING THE MANUFACTURING EDGE TO ASIA, WHILE OUR ONCE-GREAT COMPANIES ARE GETTING SLAUGHTERED BY HEALTH CARE COSTS. GAS PRICES ARE SKYROCKETING, AND NOBODY IN POWER HAS A COHERENT ENERGY POLICY. OUR SCHOOLS ARE IN TROUBLE. OUR BORDERS ARE LIKE SIEVES. THE MIDDLE CLASS IS BEING SQUEEZED EVERY WHICH WAY. THESE ARE TIMES THAT CRY OUT FOR LEADERSHIP…..

UPDATE: BANK OF AMERICA Profit Falls 77% on $6 Billion Bad Debt...
PAPER: America faces food rationing?...
CRISIS WEAKENS OPPOSITION TO BIOTECH CROPS...
UN chief: World must urgently increase production...
Obama flush with money to spend; Clinton in debt...
PAPER: It's looking grim - but Clinton won't exit...
GALLUP Daily: Obama Regains Lead Over Clinton, 49% to 42%...
Mugabe attacks opposition and UK - Zimbabwean President Robert Mugabe lambastes the opposition and the UK in his first big speech since disputed elections.
NYT SUNDAY: DISLOYALTY OF ONCE-CLINTON SUPPORTERS...
NYT SUNDAY: CLINTON CASH CRUNCH; DONORS MAXED OUT, TIRED...
Editorial: International War Criminal israelis’ Continuing Land Grab
Oil Nears $117...
Saudis put oil capacity rise on hold...
POLL: Oil running out as prime energy source...
GALLUP POLL: OBAMA TICKS UP; PASSES CLINTON...
Survey: 30 percent believe economy will shrink
Oil prices spike to record above $117 a barrel

Experts see Depression parallels in U.S. crisis
More convicts enlisting in Army, Marines
HAS CAPITALISM FAILED? NO, BUT AMERICA’S INHERENTLY CRIMINAL VERSION OF IT HAS INDEED FAILED. CAN ANYBODY RATIONALLY DENY THAT?
Neocon Schemes vs. Iran “At one stage we were reduced to pretending that Panama’s General Noriega was a menace to our way of life. Then it was Slobodan Milosevic. Finally, we inflated the piffling Saddam Hussein into a looming Hitler”
AP: TIME AGAINST CLINTON

Former Clinton Cabinet member endorses Obama CNN -- Sen. Barack Obama received key endorsements Friday from a top former Clinton administration official and two former Democratic senators.
ELECTION NOTEBOOK Another former Clinton official supports Obama MarketWatch
Former Clinton labor secretary Reich backs Obama Reuters

Decline Of The American Empire And The Rise Of The NEW World Order
Sallie Mae affirms outlook, warns of "train wreck"
Oil prices headed toward $125/barrel: Pickens
FBI email says Bush signed exec order authorizing torture
19 Palestinians including children and Reuters cameraman Killed in kike israeli Blitz
Oil hits another record high as dollar tumbles to record low...
Oil prices 'headed toward $125/barrel'...
China passes USA as exporter...
Merrill Posts Loss on Even More Mortgage Writedowns, Cuts Jobs (Update6)
Gaza fighting kills 20 Palestinians, including 5 children (AP)
Fed officials see recession in all but name (Reuters)
Report: Netanyahu says 9/11 terror attacks good for Israel israeli operatives/mossad/citizens cheered the event and what’s good for israel is bad for america is now american policy of decline.
Dollar Falls to Record Against Euro as EU Inflation Quickens
Economy slowing, prices rising: Fed Beige Book
Oil futures jump to record over $115 on supply concerns
US continues killing Iraqi civilians
Lt. Col. Robert Bowman: "Impeach bush and cheney for exploiting the 9/11 tragedy!"
Oil futures jump to record over $115 on supply concerns
The Madness of Ben Bernanke
Retailer bankruptcies set to prompt thousands of store closings
Oil hits new record as investors flee the falling dollar...
HILLARY CLINTON: THE BIG MISTAKE as Obama Picks Up Even More Super Delegates as Clinton’s Disapproval Rates Spike
Murtha says McCain too old to be president
Whites under siege hunker down in Zimbabwe election crisis By ANGUS SHAW, Associated Press Writer HARARE, Zimbabwe - With his 28-year grip on power slipping, President Robert Mugabe's government has again lashed out at Zimbabwe's white community, calling his black opponents tools of former colonial master Britain and stoking anger against the nation's whites…..But after repeated attacks, the seizure of most white-owned farms and the near collapse of the economy, the white community's size and power have dwindled. It may no longer be effective to use whites as a scapegoat for the nation's ills…..
Credit Losses May Not Be Over For Banks (at The Wall Street Journal Online)
Merrill Lynch to write down further $6-8 bln: report (Reuters)
Israeli airstrike kills freedom fighter (AP)
Food Costs Rising Fastest in 17 Years
NYT: Retailer bankruptcies set to prompt thousands of store closings Mike Sheehan | The consumer spending slump and tightening credit markets are triggering a wave of bankruptcies in American retailing.
Housing gloom 'worst in 30 years'
U.S. Foreclosures Jump 57% as Homeowners Walk Away
MEDIAN PRICE FOR LAND OF FRUITS AND NUTS HOUSE FALLS 26%
U.S. housing collapse spreads overseas IHT | The collapse of the housing bubble in the United States is as well, evidence of a global bubble, with real estate prices down from the Irish countryside and the Spanish coast to Baltic seaports and even in parts of India.

Commercial Real Estate Imploding
Australian paper proclaims: A New World Order as U.S. prosperity falls Daniel Taylor | The United States is undoubtedly facing extremely difficult economic times as foreclosures spread and the dollar declines to record lows with the endorsement of the establishment. A new world order is rising.
Pennsylvania crowd jeers Clinton's attack...
China lashing out at foreign critics; Pelosi 'disgusting'...
GALLUP Daily: Obama Numbers Holding Strong...
GALLUP: OBAMA SCORES LARGEST LEAD OF YEAR...
LATIMES/BLOOMERG: Clinton losing traction in Pennsylvania, Indiana...
Reid: Dem nomination 'is all going to be over very soon'...
Decline Of The American Empire And The Rise Of The NEW World Order
Sallie Mae affirms outlook, warns of "train wreck"
Oil prices headed toward $125/barrel: Pickens
FBI email says Bush signed exec order authorizing torture
19 Palestinians including children and Reuters cameraman Killed in kike israeli Blitz
Oil hits another record high as dollar tumbles to record low...
Oil prices 'headed toward $125/barrel'...
China passes USA as exporter...
Merrill Posts Loss on Even More Mortgage Writedowns, Cuts Jobs (Update6)
Gaza fighting kills 20 Palestinians, including 5 children (AP)
Fed officials see recession in all but name (Reuters)
Report: Netanyahu says 9/11 terror attacks good for Israel
Dollar Falls to Record Against Euro as EU Inflation Quickens
Economy slowing, prices rising: Fed Beige Book
Oil futures jump to record over $115 on supply concerns
US continues killing Iraqi civilians
Lt. Col. Robert Bowman: "Impeach bush and cheney for exploiting the 9/11 tragedy!"
Oil futures jump to record over $115 on supply concerns
The Madness of Ben Bernanke
Retailer bankruptcies set to prompt thousands of store closings
Oil hits new record as investors flee the falling dollar...
HILLARY CLINTON: THE BIG MISTAKE as Obama Picks Up Even More Super Delegates as Clinton’s Disapproval Rates Spike
Murtha says McCain too old to be president
Whites under siege hunker down in Zimbabwe election crisis By ANGUS SHAW, Associated Press Writer HARARE, Zimbabwe - With his 28-year grip on power slipping, President Robert Mugabe's government has again lashed out at Zimbabwe's white community, calling his black opponents tools of former colonial master Britain and stoking anger against the nation's whites…..But after repeated attacks, the seizure of most white-owned farms and the near collapse of the economy, the white community's size and power have dwindled. It may no longer be effective to use whites as a scapegoat for the nation's ills…..
Credit Losses May Not Be Over For Banks (at The Wall Street Journal Online)
Merrill Lynch to write down further $6-8 bln: report (Reuters)
Israeli airstrike kills freedom fighter (AP)
Food Costs Rising Fastest in 17 Years
NYT: Retailer bankruptcies set to prompt thousands of store closings Mike Sheehan | The consumer spending slump and tightening credit markets are triggering a wave of bankruptcies in American retailing.
Housing gloom 'worst in 30 years'
U.S. Foreclosures Jump 57% as Homeowners Walk Away
MEDIAN PRICE FOR LAND OF FRUITS AND NUTS HOUSE FALLS 26%
U.S. housing collapse spreads overseas IHT | The collapse of the housing bubble in the United States is as well, evidence of a global bubble, with real estate prices down from the Irish countryside and the Spanish coast to Baltic seaports and even in parts of India.

Israel Psychologically Tortures Palestinian Detainees

WRAL: OBAMA TAKES 23-POINT LEAD IN NC...
Greenspan endorses McCain, foresees recession...
ALEX JONES ARCHIVES:
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[$$] New Threat: Loan Losses (4-22-08 at The Wall Street Journal Online) April 22, 2008
NEW JERSEY JEW CAUGHT SPYING FOR ISRAEL, GIVING ISRAELIS CLASSIFIED NUKE/SYSTEMS/DEFENSE DOCS (PROBABLE BLACKMAIL POINTS OR JEWS TURN SAME OVER TO, IE., CHINA, ETC.), AND HENCE, IS PROBABLE NOMINEE FOR THE CONGRESSIONAL MEDAL OF HONOR (AND RECIPIENT OF THE GOLDEN MENORAH AWARD FOR IRRATIONAL, SELFLESS, SELF-DESTRUCTIVE AMERICAN SACRIFICE FOR ISRAEL).
American arrested as nuclear spy for Israel By Randall Mikkelsen (Reuters) April 22, 2008
U.S. authorities arrested an 84-year-old American on Tuesday suspected of giving Israel secrets on nuclear weapons, fighter jets and missiles in the 1980s in a case with links to imprisoned spy Jonathan Pollard. Ben-Ami Kadish acknowledged his spying in FBI interviews and said he acted out of a belief he was helping Israel, according to court documents. Kadish was accused of reporting to an Israeli government handler who was also a main contact for Pollard, an American citizen serving a life term on a 1985 charge of spying for Israel…..
US military recruits more ex-cons April 22, 2008
The Guardian | Soldiers now include those convicted of assault or maiming, non-cannabis-related drug offenses, indecent behavior with a child, and making terrorist threats.
Gold rises on weak dollar, record oil but outlook uncertain April 22, 2008
Condition of Riad Hamad’s Body Contrary to Suicide Kurt Nimmo | Palestinian activist’s body sliced, stabbed, and bruised.
Gitmo detainees 'drugged to confess' April 22, 2008
D.C. Burglaries Have Surged 21 Percent
Mexican Drug Violence Spills Into U.S.
Carter the Bold Peacemaker
*EXIT POLLS: Two-Thirds Say Clinton Unfairly Attacked Obama...
OIL NEARS $120...
CALIFORNIA MELTDOWN: Foreclosures up 327% from '07 levels...
USATODAYGALLUP: Bush's Disapproval Rating Highest Of Any President In 70 Years...

We Are Change Members Arrested For Asking Laura Bush A Question April 23, 2008
Vancouver Translink Cops Taser Riders April 23, 2008
Condition of Riad Hamad’s Body Contrary to Suicide April 23, 2008
Murdoch Moving to Buy Newsday, Putting Him in Control of 3 of the Nation's 10 Largest Papers April 23, 2008
U.S. prison population dwarfs that of other nations and the fact is that the inherently criminal american crime population outside of prison also dwarfs that of other nations
Ahmadinejad: Doom will befall US economy
We Are Change Members Arrested For Asking Laura Bush A Question
Bumbling war criminal and liar bush: ‘We’re not in a recession.’
China's yuan hits new high against US dollar
Neo-Con Hillary Wants League Of Democracies, More War
The Agenda Behind the Hoax: What the Iraq War is About The Bush Regime has quagmired America into a sixth year of war in Afghanistan and Iraq with no end in sight. The cost of these wars of aggression is horrendous. Official US combat casualties stand at 4,538 dead.
British minister says Clinton's 'obliterate' Iran tone imprudent
Regulator Warns U.S. Bank Failures Could Rise Above “Historical Norms”
Wall Street Journal: Stockpile Food
Hyperinflationary Depression
More Food Rationing: Sam’s Club Limits Rice Purchases

Arnold Confronted on Nazi-Ties April 24, 2008
US new home sales fall to more than 16-year low April 24, 2008
Wall Street Warns Americans To Begin Stockpiling Food April 24, 2008
CIA admits they will continue rendition program, which allows torture overseas April 24, 2008
Israelis Claim Contrary to u.s. Denials Secret Anti-Peace Agreement With U.S. April 24, 2008
Limp Pig limbaugh Calls for Riots at Denver DNC
Regulator Warns U.S. Bank Failures Could Rise Above “Historical Norms”
Wall Street Journal: Stockpile Food
Hyperinflationary Depression
Impeachment Now Or Apocalypse Later?
Delhi Snubs Washington Over Iran
Editorial: Clinton’s Threat to Iran If there were any doubt that if she made it to the Oval Office, Hillary Clinton’s term would be George Bush Mark III, the lady made it plain on the eve of Tuesday’s Pennsylvania primary…..
Israel braces for fallout from U.S. spy case by having aipac hand out new golden menorahs to members of congress just in case
Kidnappings soar in Mexico as drug gangs seek new income
Apple profit rises but margins a letdown
Credit Suisse Posts Loss, Losses Hard To Track
UPDATE: MICROSOFT Earnings Decline 11%; Concern about slowdown...

BBC Anchor Who Reported Early on WTC7 Early Says There May Be a 'Conspiracy' April 25, 2008
Neo-Cons Urge Violence Against Framed Activist April 25, 2008
Outspoken Arizona Senator Questions 9/11 Official Version Of Events April 25, 2008
Rush Limbaugh Calling for Riots in Denver April 25, 2008
US-contracted ship fires on Iranian boat: report
Oil prices up after news that US ship fired on Iranian boats
International war criminal israeli warplanes intensify flights over Lebanon Australian News | The Israel Air Force has dramatically escalated flights over Lebanese air space, in violation of international law.
Why this economic crisis is still far from finished
Pentagon Propaganda: So Much Worse Than We Thought John Stauber and Sheldon Rampton | The Bush Administration has spent millions on deceptive PR to sell the war.
U.S. Attack of Sadr City Leaves 800 Dead Azzaman | Popular Iraqi newspaper reports “MPs were shocked by the scale of damage” in Sadr City.
NOONAN: Even Texas Turns On Bush...
PROMINENT BLACK CONGRESSMAN CRITICIZES BILL CLINTON...
'Bizarre conduct'...
Countrywide CEO Made $132M In 2007 Pay, Stock Sale...
Consumer confidence falls to 26-year low...
WIRE: Many states appear to be in recession...
Oil shortage in UK ahead of strike: 'Stations running dry'...
STUDY: Oil prices to double in next 4 years...

Ted Turner Repeats Call For Population Curb April 28, 2008
GOP Walks Out On Their Own Convention In Ron Paul Fiasco April 28, 2008
Bill Clinton: 'I Don't Agree with Bush Investigation, But 9/11 Is Not an Inside Job' April 28, 2008
Scalia: Does Torture Violate ‘Cruel And Unusual Punishment’ Provision? ‘No.’ April 28, 2008
Buffett says recession may be worse than feared April 28, 2008
CIA Stonewall Agency Won't Release 7,000 Documents Related to Torture Program
Syrian envoy says CIA fabricated evidence
151 Congressmen Derive Financial Profit From War
Gasoline May Soon Cost $10 a Gallon New York Post | Get ready for another economic shock of major proportions — a virtual doubling of prices at the gas pump to as much as $10 a gallon.
U.S. Credit Card Debt Soars to Unprecedented Heights Epoch Times | Studies indicate that credit card defaults and related write-offs increased drastically since 2006. Today, lenders write off 33 percent more in credit card debt than they did two years ago
The food crisis begins to bite The Independent | Rioting in Haiti. Rationing in America. Queues in Egypt. Protests in Afghanistan. As the price of food continues to soar, the impact is being felt by people around the globe.
Hayden Gets Hillary Wrong Hillary Clinton is not a former anti-establishment “leftist,” but a slick minion of the New World Order
PA. BLAMES MISSING PRIMARY VOTES ON TYPICAL CLINTONIAN CLERICAL ERROR The Associated Press - HARRISBURG, Pa. (AP) - Pennsylvania election officials revised their unofficial vote count Monday for the presidential primary after determining that a clerical error had kept about 26000 votes out of the state tally.
Limbaugh’s “Operation Chaos” Harks Back to an Earlier Intel Operation Rush Limbaugh is simply doing his part to make sure Hillary Clinton is installed
The Myth of al-Qaeda Now Recognized by Corporate Media The mainstream media is hinting that the words ‘al Qaeda’ has simplistically become a metaphor for those that are fighting the US in Iraq and elsewhere and that ‘al Qaeda’ is not a specific organization that is led and organized by the equally metaphoric and very dead ‘Osama bin Laden’
XX OBAMA TAKES SENATE SUPPORT LEAD XX

Ted Turner: World Needs a 'Voluntary' One-Child Policy for the Next Hundred Years April 29, 2008
Wright Says U.S. Government Capable Of Creating AIDS Virus April 29, 2008
'Axis of Evil' White House Speech Writer Turns Violent After 9/11 Questions April 29, 2008
Exclusive: President Carter Was Concerned About Staged War Provocation April 29, 2008
Ritter: US will target Iran next April 29, 2008
'Israel preparing to bomb Iran alternative energy sites' The commander of the israeli Air Force says the war criminal israeli regime's decision makers have been preparing plans to take out Iran's alternative energy facilities.
Willie and poor boys slick as Jeremiah Wright's speech set up by a Clinton supporter. What else is new? Los Angeles Times - Everybody is talking today about how much the Rev. Jeremiah Wright's latest unrepentant militant remarks purposely were made to hurt his most prominent parishioner, Sen. Barack Obama, but have not hurt his chances to win the Democratic presidential nomination and the general election.
Death Toll Mounts In Zimbabwe As UN Security Council Mulls Action Voice of America - By Blessing Zulu Mounting and increasingly deadly post-election political violence in Zimbabwe, alleged to be organized by the governing ZANU-PF party of President Robert Mugabe, came under scrutiny Tuesday in the United Nations Security Council which ...
Leave Taliban alone, Afghan president tells West
Iran: UK behind 1980 embassy siege
Global famine? Blame the Fed Mike Whitney | If the Fed chief decides to lower rates at the end of April, Bernanke could be condemning millions of people to a death by starvation.
Inflation could become new No.1 enemy
Did CIA ‘Photoshop’ Syrian military pics?
‘What Has Happened to the Conscience of the World?’ JEDDAH, 30 April 2008 — The headlines coming out of Gaza daily stun people as women and children are slain by Israeli airstrikes and the plight of the Palestinians worsens through blockades and embargoes...

$17B IN 3 MONTHS; RECORD PROFITS FOR OIL COMPANIES
OPEC says oil could hit $200; Cartel's president blames weak dollar...
Truckers protest high prices...
SURVEY: Gas prices top concerns over jobs, health troubles...
PAPER: Enthusiastic Hillary Supporter ORGANIZED Rev. Wright at Press Club...
S&P cuts NEW YORK TIMES to BBB on newspaper ad revenue...
Fed Auction Futile Act
Market Sages: The Worst Is Yet to Come

Why Is Gary Hart So Fearful Of Discussing His "New World Order"? April 30, 2008
BBC Show Engages In Chaotic, Rambling 9/11 Truth Debunk-Fest April 30, 2008
The Iraq War Morphs Into the Iran War April 30, 2008
Port Authority Found Liable in 1993 WTC Attack April 30, 2008
McCain accused of accepting improper donations from Rothschilds April 30, 2008
Global press freedom, in lockstep with compliant u.s. press, declines in 2007: study
MORE CASH NEEDED: CITIGROUP to sell whopping $4.5 billion in diluting bubble stock...
Three Chinese banks in world's top four...
NOW HIRING: Governments employing new workers at fastest pace in 6 years...
Iran rationally dumps worthless U.S. dollars in oil transactions
Does the Federal Reserve Want Inflation? Axel Merk | It is in the Fed’s interest to have a weak dollar. This is consistent with what we interpret to be Fed chairman Ben Bernanke’s disliking of the real money gold standard.
Olbermann On Bush's Deluded "Good Economy" Rhetoric
Jobs growth, despite election year priming/fake reports, has "ground to a halt"
'08 Stock Market Crash is only the beginning of troubles for America, leading to it's demise.
Economist: Coming economic shocks, our “astronomical” trade deficit, the falling dollar, and our out-of-control national debt owed to other nations, could spark depression

Pentagon Expands Propaganda Reach With (Fake) Foreign "News" (Propaganda) Websites May 1, 2008
Elitist Blueprint For World Government Revealed May 1, 2008
Secret Wiretap Warrants Double Since 9/11 May 1, 2008
McGovern: 'Bush Planning to Attack Iran This Year' May 1, 2008
DC Madam Predicted She Would Be Suicided May 1, 2008
DC Madam Deborah Jeane Palfrey predicted she would be "suicided" on several occasions both recently and as far back as 17 years ago - comments that now appear ominous in light of the announcement that the former head of a Washington escort service allegedly killed herself today.
Perino Defends Pentagon’s Propaganda Campaign: ‘It’s Absolutely Appropriate To Provide False Information’
Iran and India True Friends: Ahmadinejad
PERK: Congressmen Lease Luxury Cars; Paid By Tax Dollars...

Corporate Media Ignores Palfrey’s Statement She Would Not Commit Suicide May 2, 2008
Second carrier group deployed to Gulf as U.S. approves plans for Iran counterstrike May 2, 2008
Death of 'D.C. Madam' Becomes Rich Ground for Conspiracy Theory May 2, 2008
CIA 'Preparing Public for Iran War' May 2, 2008
$6 Trillion of Housing Wealth Disappears May 2, 2008
S&P cuts rating on Countrywide to wall street junk status (AP)
[$$] Downgrades Show Storm Isn't Over (at The Wall Street Journal Online)
Microsoft, Yahoo could reach weekend deal made in hell: with the failed op system vista under their belt, a monopoly to guarantee mediocrity at a high price, and an overeaching/censored/failure in their email endeavors which will despoil/ruin yahoo say experts/users/sources
Economy great — for pawnshops
Bank of England 'too upbeat' on credit crisis, says company that knows about/is experienced in such things, banking giant Citigroup
Macroeconomic Warning Goes Unheeded
Layoffs Rise 68 Percent in April
Government Hiring More People USA Today | As the private sector dumps workers, the Soviet States of America picks up the slack. This is so sadly true as the government, broke, incompetent, and corrupt is spending money they don’t have to pump the election-year numbers with the certain debacle to follow. Never mind these government workers don’t do/add anything of value.
DETAILS: REPUBLICANS CROSSING OVER TO VOTE IN DEMS' PRIMARY...

Bush Signs Bill To Take All Newborns' DNA
Fox Host Suggests Evidence Points To DC Madam Murder
DC Madam Deborah Jeane Palfrey predicted she would be "suicided" on several occasions both recently and as far back as 17 years ago - comments that now appear ominous in light of the announcement that the former head of a Washington escort service allegedly killed herself today.
Perino Defends Pentagon’s Propaganda Campaign: ‘It’s Absolutely Appropriate To Provide False Information’
Iran and India True Friends: Ahmadinejad
PERK: Congressmen Lease Luxury Cars; Paid By Tax Dollars...

Katie Couric Would Support New 9/11 Investigation 'If There's Enough Public Support' May 5, 2008
Probe of USS Cole Bombing Unravels May 5, 2008
Geraldo Calls for Florida Gov to Investigate Palfrey “Suicide” May 5, 2008
9/11 Conspiracy Connection To DC Madam Murder May 5, 2008
Palfrey "Suicide Notes" A Contradiction In Terms May 5, 2008 Deborah Jeane Palfrey's alleged suicide notes were released today and given full court press by a corporate media that largely refused to cover her statements that she would never commit suicide and the statements of her friends and family who said she wasn't suicidal, but Palfrey's alleged reason for killing herself, that she would be "penniless" upon leaving prison, contradicts the fact that a multi-million dollar book deal was in the pipeline.
Buffett says U.S. in recession; banks to face pain
U.S. in "awfully pale recession," Greenspan quoted
Oil passes $120, gas prices slip more than a cent
Clinton strategists weigh 'nuclear option' to take out Obama at convention
Chertoff: Stop Complaining About the Fascist Control Grid Kurt Nimmo | DHS boss sick and tired of you griping about the loss of your Constitutional rights.
Fritzl kept sex slave daughter chained up with dog leash -- in dungeon SHE helped to build…so sordid, disgusting and horrific is this crime that I make an exception and report this single horrifying crime, yet the numbers of Iraqi children killed and maimed by american war criminals and war crimes based upon lies makes even this despicable crime pale in magnitude ...
...at least criminally negligent wife clueless
Soldier suicides could trump war tolls: US health official
Iraq says no hard evidence of Iranian support for militia

Housing picture worsens as Fannie sees price drop May 6, 2008
Oil nears $123 on $200 oil prediction, supply concerns May 6, 2008
U.S. With Ongoing american (yet unpunished) War Crimes Has No Standing or Credibility to slam or say anything to Russia much less over purported tensions with Georgia May 6, 2008
Goldman's Murti Says Oil `Likely' to Reach $150-$200 May 6, 2008
ClintonMcCain Gasoline-Tax Plans Denounced by More Than 200 Economists... May 6, 2008
Kurtz: Media won’t cover Pentagon propaganda ‘because they are embarrassed.’ In a washingtonpost.com online chat today, the Post’s media critic Howard Kurtz was asked why the television news media have largely failed to report on the Pentagon propaganda operation revealed recently by the New York Times. Kurtz said the media is too embarrassed to report the story:

Toronto: Hi Howard — kudos for last Sunday’s focus on the New York Times’s Pentagon propaganda story. Why do you think the networks still are silent on this? The comments on Brian Williams’s blog are at a boiling point — I’m surprised NBC hasn’t shut it down yet!

Howard Kurtz: I can only conclude that the networks are staying away from what would otherwise be a legitimate news story because they are embarrassed about what some of their military analysts did or don’t want to give the controversy more prominence.

Later in the same online chat, Kurtz said, “The networks are ducking this one, big time.”
MAG: USA FADING... Look around. The world's tallest building is in Taipei, and will soon be in Dubai. Its largest publicly traded company is in Beijing. Its biggest refinery is being constructed in India. Its largest passenger airplane is built in Europe. The largest investment fund on the planet is in Abu Dhabi; the biggest movie industry is Bollywood, not Hollywood. Once quintessentially American icons have been usurped by the natives. The largest Ferris wheel is in Singapore. The largest casino is in Macao, which overtook Las Vegas in gambling revenues last year. America no longer dominates even its favorite sport, shopping. The Mall of America in Minnesota once boasted that it was the largest shopping mall in the world. Today it wouldn't make the top ten. In the most recent rankings, only two of the world's ten richest people are American. These lists are arbitrary and a bit silly, but consider that only ten years ago, the United States would have serenely topped almost every one of these categories.These factoids reflect a seismic shift in power and attitudes. It is one that I sense when I travel around the world.....
Pentagon Secretly Goes To War With The Internet

Palfrey's Friend On Suicide Note: 'That's Not Her Signature' May 7, 2008
Philly Cops Caught Beating Motorists on Video May 7, 2008
Deadly Cyclone Puts Terror Hype In Perspective May 7, 2008
Handwriting Analysis May Shed Light on Palfrey's Suspicious Death May 7, 2008
McCain To Speak At La Raza Convention May 7, 2008
Republican Nominee John McCain will speak at the annual conference of the National Council of La Raza (The Race), the extreme Hispanic lobby group that advocates a militant "reconquista" of the Southwestern United States.
Exit polls show signs that Limbaugh's minions turned out for Clinton
Russert Declares Obama Dem Nominee Kurt Nimmo | Meanwhile, the ticker below Mr. Russert shows the other Bilderberg candidate, Clinton, a winner in Indiana.
All but Over for Hillary, Say Analysts
WHICH BITCH WITCH IS NUTTIER THAN A FRUITCAKE?
Stephanopoulos: 'Fight is over'...
TEAM OBAMA: Limbaugh Rocks The Hillary Vote...
John Kerry: 'Limbaugh was tampering with the primary'...

ISRAEL STILL TRYING TO MAKE THEIR SELF-CREATED PROBLEMS AMERICA’S PROBLEMS (THEY CHEERED THE 911 TWIN TOWERS BOMBING, THEY’RE STILL IN VIOLATION OF AND HAVE NOT SIGNED THE NUCLEAR NON-PROLIFERATION TREATY, ISRAEL REMAINS IN VIOLATION UN RESOLUTIONS 242, 338, ETC., AND VIOLATES INTERNATIONAL LAW REGULARLY, ETC.) AS OIL HITS NEW RECORD INTRA-DAY HIGH AT $123.80 AS FOOD PRICES DOUBLED YEAR 0VER YEAR. AMERICA CONTINUES TO SACRIFICE SELF AND SOVEREIGNTY FOR INTERNATIONAL WAR CRIMINAL NATION AND PROVOCATEUR ISRAEL.

Federal Agents Raid Office of Special Counsel Washington Post - By Carrie Johnson and Christopher Lee Agents from the FBI and the Office of Personnel Management today raided the headquarters of Special Counsel Scott J. Bloch as part of a probe into whether he obstructed justice by having his computer files erased.
FBI Raids Office of Special Counsel New York Times
FBI raids special counsel's office CNN
THE NOMINEE: BARACK OBAMA
NC
OBAMA 890,705 56%
CLINTON 657,943 42%
IN
CLINTON 638,274 51%
OBAMA 615,862 49%
Analysis: Democrats quietly send word to Clinton it's over
Kurtz: Media won’t cover Pentagon propaganda ‘because they are embarrassed.’ In a washingtonpost.com online chat today, the Post’s media critic Howard Kurtz was asked why the television news media have largely failed to report on the Pentagon propaganda operation revealed recently by the New York Times. Kurtz said the media is too embarrassed to report the story:

Gore Confronted On Global Warming Hysteria May 8, 2008
WH Press Secretary Perino Responds to Claims of 9/11 Secrecy as 'Spin From the Other Side' May 8, 2008
Secretive FEMA Camp Drill Running in Iowa May 8, 2008
Pentagon Propaganda Documents Go Online: But Will the Media Ever Report on Them? May 8, 2008
Gen. Sanchez: Iraq policy driven by Bush reelection politics May 8, 2008
Bill O’ Liar condemns blogger who says John McCain was never tortured because the ‘songbird’ sung to his captors regularly, and broke his arm jumping out of his downed plane, yet the only evidence he can supply is McCain’s broken arm
The Ruthless Id John Steppling | McCain’s snarky rictus of a smile, his near pyschotic glare and his rigid and robotic body movements all reflect the collective malaise of the nation.
The Trilateral Commission: North American Group 2008
Gold futures rise, underpinned by soft Weimar dollar
Cancer Treatment Banned By U.S. Government
‘Ally’ Caught Spying on U.S. Yet Again The arrest of a New Jersey engineer on charges of conspiracy to pass U.S. military secrets to Israel shows a consistent, continued pattern of spying on its major benefactor, the United States, according to espionage experts.
Olmert suspected of receiving funds
Gas Jumps Three Cents a Gallon Overnight
Ahmadinejad: Israel is a 'stinking corpse' and is 'on its way to annihilation'...
DEM RACE WAR:
HILLARY: WHITE PEOPLE SUPPORT BLACKS LIKE ME...
AUDIO...
Begala: We can't win with just 'eggheads and African-Americans'...
Donna Brazile Warns: 'Stop trying to split us into these groups!'

State Says Hundreds Of 9/11 Rescue Workers Now Dead, Admits Undercount May 9, 2008
Man Arrested, Put In DNA Database For Allegedly Dropping Apple Core May 9, 2008
Tommy Chong: FBI Raid Linked To Political DVD's May 9, 2008
The Self-Righteous Rich: Rockefeller Family Fables May 9, 2008
Obama: I pledge to continue america’s decline by blind allegiance to Israel May 9, 2008
360 post-9/11 workers have died, including 80 of cancer, says state
THE TROUBLE WITH WTC ASBESTOS
Trilateralists pulling strings in election; Ron Paul revolution causing "significant future damage" to agenda; Obama's anti-NAFTA talk just 'campaign rhetoric'
Mary Tillman: ‘Pat’s death was a lie to the country’
Food Riots are Coming to the U.S.
House Approves New Property Seizure Law Lee Rogers | How many more powers is this corrupt legislature going to give to a renegade executive branch that is already engaging in perpetual war, setting up a police state, authorizing torture, destroying national sovereignty and other horrors?
WHO Gives Taiwan a Runaround
BANK ORDERED CLOSED IN BENTONVILLE...
OIL RECORDS SMASHED: $126 BARREL...
RISING GAS PRICES PROD MORE COMMUTERS ONTO MASS TRANSIT...
Bachrach: Everything I Hate About Myself I See in Hillary...
PSST! HILL THE MONEY IS DRYING UP...
Long Goodbye...
Obama's magic number: 178 Chicago Tribune - It's the late campaign-season stretch, and mathematically, things are looking awfully good for Barack Obama. If he were a baseball team, he'd have a lead that no MLB club has blown before.
Obama visits House of Representatives CNN
Obama vows to seat Fla. delegates Baltimore Sun

Wannabe "Virus" Prince Philip Attacks Big Families May 12, 2008
Feds Accuse Student Of "Terror and Espionage" For Talking About Constitution May 12, 2008
Sir Richard Dearlove Confronted Again by We Are Change Outside Chatham House May 12, 2008
Sands: Bush’s Architects Of Torture Are ‘Weaseling Out’ Of Responsibility For ‘Crimes’ May 12, 2008
Obama Reveals His Naivety Apparently Not Knowing That bush/April Glaspie of the CIA Greenlighted Hussein’s Invasion of Kuwait Over Slant Drilling Setting In Motion The Current Debacle/Disaster in the Region and Vows to Model ‘Failed Job’ President Bush Did in First Gulf War May 12, 2008
"A democracy which makes or even effectively prepares for modern, scientific war must necessarily cease to be democratic. No country can be really well prepared for modern war unless it is governed by a tyrant, at the head of a highly trained and perfectly obedient bureaucracy."
-- Aldous Huxley

"One leader, one people, signifies one master and millions of slaves." -- Albert Camus

Long slump may follow crunch: JPMorgan CEO
CBS: America’s infrastructure is crumbling
Clinton campaign acknowledges $20 million debt
Growing Deficits Threaten Pensions
The Twilight of Irredeemable Debt ”…..For all its seductive attractiveness, Friedmanite economics is ignoring the effect of irredeemable debt on productivity. It watches debt per GDP and is happy as long as this ratio stays below 100% by a fair amount. However, what should be watched is the ratio of additional debt to additional GDP. By that indicator the patient’s condition could be diagnosed as that of pernicious anemia. It set in immediately after the US dollar debt in the world was converted into irredeemable debt.The increase in GDP brought about by the addition of $1 of new debt to the economy is called the marginal productivity of debt. That ratio is the only one that matters in judging the quality of debt. After all, the purpose of contracting debt is to increase productivity. If debt volume rises faster than national income, there is big trouble is brewing, but only the marginal productivity of debt is capable of revealing it.Precipitous decline Before 1971, the introduction of $1 new debt used to increase the GDP by as much as $3 or more. Since 1971, this ratio started its precipitous decline that has continued to this day without interruption. It went negative in 2006, forecasting the financial crisis that broke a year later. The reason for the decline is that irredeemable debt causes capital destruction. It adds nothing to the per capita quota of capital invested in aid of production. Indeed, it may take away from it. As it displaces real capital, which represents the deployment of more and better tools, productivity declines. The laws of physics, unlike human beings, cannot be conned. Irredeemable debt may only create make-belief capital…..”
Bugliosi: George W. Bush Should be Tried for Mass Murder
Real Clear Numbers: 101,000 U.S. Casualties a Year
Weapons Not Made In Iran After All

Fahrenheit 9/11 Sequel: Michael Moore’s Chance to tell the Truth May 13, 2008
Bilderberg 2008 Evades All Scrutiny in Vouliagmeni, Greece May 13, 2008
Ron Paul: Big Government Responsible for Housing Bubble May 13, 2008
NWO Trading Cards Track Stats of World Elite May 13, 2008
Israel’s 60 years of nuclear proliferation May 13, 2008
Clinton campaign acknowledges $20 million debt
Carville: 'I have undated check written out for Obama...'
Unnecessary Wars as is bush’s Iraq Debacle: How Empires Such as Britain and Now america Fall
Bugliosi: George W. Bush Should be Tried for Mass Murder

Cops Caught On Camera Stomping More Heads May 14, 2008
Chicago Citizens Reject Terror Drill Fearmongering May 14, 2008
Wayne Madsen Interrogated, Harrassed at Airport After D.C. Madam Controversy May 14, 2008
The Bush Administration Has No Plans to Help 9/11 Sick May 14, 2008
JPMorgan Chase CEO: Recession Just Beginning May 14, 2008
Israel’s 60 years of nuclear proliferation
Ahmadinejad says Israel doomed
Greenspan Says Oil to Keep Rising on Capacity Limits
U.S. Heading for Double-Digit Inflation
No End in Sight for Home Foreclosures
JPMorgan Chase CEO: Recession Just Beginning
Bank of England: Get Ready for Increased Misery

Bohemian Grove Member Confronted in Telephone Interview May 15, 2008
Air Force Seeks Full Spectrum Dominance Over "Any And All" Computers May 15, 2008
Euro 2008 Attack Hype May Be Veiled Neo-Con Threat May 15, 2008
JPMorgan Chase CEO: Recession Just Beginning May 15, 2008
Congressmen Highlight Mexican Commando Incursions Into U.S. May 15, 2008
Two representatives have urged Congress to take action to address the worsening situation on the southern border which has been described by reporters and activist groups as "an all out war." Rep. Ted Poe, R-Humble, has urged the Congress to take action regarding the frequent incursions of military style Mexican commandos into the U.S. that has seen over 6000 deaths in the past two and a half years according to conservative estimates. The Houston-area Republican told the House Foreign Affairs Committee that members of Mexico's elite counter-narcotics teams, trained at Fort Benning, Ga., have defected and are now in the pay of drug cartels. Poe highlighted the fact that the guerrilla-style commandos are regularly crossing the border into the U.S. and have been involved in violence and killings as far north as Dallas.

Dutch Newspaper: Bilderberg To Meet In Washington June 5-8 May 16, 2008
Rumsfeld On Tape: Terror Attack Could Restore Neo-Con Agenda May 16, 2008
Iran Intercepts U.S. Terrorists Plotting Attack on Russian Consulate May 16, 2008
Neo-Con General Calls For Terror Attacks In Iran May 16, 2008
JPMorgan Chase CEO: Recession Just Beginning May 16, 2008
Congressmen Highlight Mexican Commando Incursions Into U.S.
Two representatives have urged Congress to take action to address the worsening situation on the southern border which has been described by reporters and activist groups as "an all out war." Rep. Ted Poe, R-Humble, has urged the Congress to take action regarding the frequent incursions of military style Mexican commandos into the U.S. that has seen over 6000 deaths in the past two and a half years according to conservative estimates. The Houston-area Republican told the House Foreign Affairs Committee that members of Mexico's elite counter-narcotics teams, trained at Fort Benning, Ga., have defected and are now in the pay of drug cartels. Poe highlighted the fact that the guerrilla-style commandos are regularly crossing the border into the U.S. and have been involved in violence and killings as far north as Dallas.
Carl ‘THE KNOW-NOTHING DUMBSTER/GREENMAILER/DESPOILER’ Icahn will/is trying to destroy Yahoo
John Dvorak's Second Opinion: Carl Icahn will destroy Yahoo
Palestinians Have the Right to Exist as Well: Saud
Oil sets record near $128; pump price at high, too
Saudi Arabia rationally rebuffs WAR CRIMINAL bush on oil production

The Conservative Movement: From Failure to Threat May 19, 2008
Iran Busts CIA-Backed Terror Group May 19, 2008
Oliver North's Security Attacks We Are Change of Kentucky May 19, 2008
Mobile phone danger to unborn child: Use could cause behavioural problems May 19, 2008
JPMorgan Chase CEO: Recession Just Beginning May 19, 2008
US-Led Pseudo, Faux, Fake Capitalist System Headed for Collapse. Who could have missed that reality?
U.S. gasoline prices hit record $3.79/gallon: survey
Pentagon 9/11 Flight 'Black Box' Data File Created Before Actual 'Black Box' Was Recovered
Ollie’s Ordnertruppen Kurt Nimmo | Fascism usually looks and smells about the same, no matter the country or period of time.
Federal Government Taking Bids On Construction Of Internment Camps Steve Watson & Paul Watson | Under pretext of immigration control, government building “family detention centers.”
Don’t Depend on Outsiders for a Settlement of Mideast Dispute
KURTZ: Feud Fuels Bill O'Reilly's Blasts at GE...

Editorial: ‘Illegal War’ Even if the US-led invasion had brought stability and reconstruction quickly to Iraq, the war would still have been illegal because Bush acted without the approval and backing of the international community and on the basis of deliberate lies. Now Washington is bogged down trying to clear up the bloody chaos that it itself created. Bush would have the world believe that as a result of the surge, order is at last being restored with greater security for the luckless Iraqis. On Friday, US congressmen were hearing the truth about this bungled and misbegotten power play by one of their country’s most incompetent presidents. The reality, as explained to a congressional hearing by US veterans of the Iraqi occupation, is that the American military presence has brought about “lawless murders, looting and the abuse of countless Iraqis.” Nervous GIs who had been targeted with three or four shots responded with thousands of rounds of machine-gun fire and launched hundreds of grenades in response…..

Oil sets record near $128; pump price at high, too

Florida, Michigan cannot save Clinton
Congressmen Highlight Mexican Commando Incursions Into U.S.
Two representatives have urged Congress to take action to address the worsening situation on the southern border which has been described by reporters and activist groups as "an all out war." Rep. Ted Poe, R-Humble, has urged the Congress to take action regarding the frequent incursions of military style Mexican commandos into the U.S. that has seen over 6000 deaths in the past two and a half years according to conservative estimates. The Houston-area Republican told the House Foreign Affairs Committee that members of Mexico's elite counter-narcotics teams, trained at Fort Benning, Ga., have defected and are now in the pay of drug cartels. Poe highlighted the fact that the guerrilla-style commandos are regularly crossing the border into the U.S. and have been involved in violence and killings as far north as Dallas.
White House Denies Army Radio Report on Plan to Attack Iran May 20, 2008
Solution For Global Warming: Poison The Air, Cut Down Trees May 20, 2008
White House: Pentagon Propaganda Program Similar to Writing for a 'Liberal Blog' May 20, 2008
Ollie North's Ordnertruppen May 20, 2008
JPMorgan Chase CEO: Recession Just Beginning May 20, 2008
US-Led Pseudo, Faux, Fake Capitalist System Headed for Collapse. Who could have missed that reality?
Oil crosses $129 for first time, heads for $130
Crude Oil, Gasoline Keep Setting Records Associated Press | “We’re looking at $4 a gallon (for regular nationwide) once we get past Memorial Day and into June.”
Dollar Declines as IMF Says Risks to Financial System Remain
BUMBLING dinosaur-war criminal bush Speeches Reflected an Inability to Evolve
How Empires Fall Paul Craig Roberts | US living standards collapsing, and the formerly indispensable omnipower now world menace will be just another washed up country.
U.S. Hiding True Unemployment Numbers
GCC Leaders Emphasize Commitment to Peace Plan
Ventura Attacks Media for Criticizing Free Speech
Gen. Odom: Military Analysts Can’t Defend Relationship With Pentagon ‘Because Of Its Conspiratorial Nature’
Israeli and US death squads infesting the world
Iceland tops list of peaceful nations, U.S. 97th
Bush Nazi Connection Mentioned on The View David Edwards and Muriel Kane | You family did not stop with supporting fascists and Nazis abroad, did they Mr. Bush? Surely you must know of your grandfather’s role in the treasonous plot of 1933 to overthrow democracy in America?
Obama wins Oregon, moves to brink of nomination
PRIMARY RESULTS:
KY...
OR...
OBAMA CROSSES DELEGATE THRESHOLD...
OIL FUTURES PASS $130 AS FEARS OF SHORTAGES WITHIN FIVE YEARS GROW...
U.S. gasoline prices hit record $3.79/gallon: survey
Pentagon 9/11 Flight 'Black Box' Data File Created Before Actual 'Black Box' Was Recovered
Ollie’s Ordnertruppen Kurt Nimmo | Fascism usually looks and smells about the same, no matter the country or period of time.
Federal Government Taking Bids On Construction Of Internment Camps Steve Watson & Paul Watson | Under pretext of immigration control, government building “family detention centers.”
Don’t Depend on Outsiders for a Settlement of Mideast Dispute
KURTZ: Feud Fuels Bill O'Reilly's Blasts at GE...

Ventura Slams Media Witch Hunt For Questioning 9/11 May 21, 2008
Ventura Fears 'We Did 9/11 To Ourselves' May 21, 2008
Bilderberg Confirmed: Westfields Marriott In Chantilly June 5-8 May 21, 2008
White House Stonewalls on Its Involvement in Military Analysts Scandal May 21, 2008
Stocks tumble on $135 oil, Fed meeting minutes (AP) May 21, 2008
JPMorgan Chase CEO: Recession Just Beginning May 21, 2008
US-Led Pseudo, Faux, Fake Capitalist System Headed for Collapse. Who could have missed that reality?
Drug Cartels to Mexican Police: ‘Join Us or Die’ Associated Press | Wall Street drug cartels tell Mexican cops over their radios and recruiting banners to join them or face execution.
Teenager, 15, facing prosecution for holding a sign TRUTHFULLY labelling Scientology 'a cult’ albeit a government protected fraud/b.s. story (not a religion) for some strange reason indicative of american decline'

Dutch Embassy Deep-Sixes Bilderberg Information May 22, 2008
Heart Doctors: No Question Tasers Cause Lethal Heart Attacks May 22, 2008
FBI Solicits Informants to Spy on RNC Protest Groups May 22, 2008
Former Clinton Whitehouse Aide: We're In For a "Cataclysmic" Bush Endgame May 22, 2008 JPMorgan Chase CEO: Recession Just Beginning May 22, 2008
US-Led Pseudo, Faux, Fake Capitalist System Headed for Collapse. Who could have missed that reality?
CONGRATULATIONS, AMERICA ... CHILDREN ARE BEING TORTURED IN YOUR NAME George Washington's Blog | 5-22-08 Over the last 24 hours, news about U.S. torture has been leaking out:

- A former prisoner testified to Congress that he was beaten, hung by his arms for five days, subjected to electrical shocks and, "They stuck my head into a bucket of water and punched me in the stomach," he said. "I inhaled the water. ... It was a strong punch."

- The FBI was so disturbed at what they saw at Guantanamo that FBI staff created a "war crimes file" to document accusations against American military personnel at Guantanamo. For example, the head of the FBI's national security law unit wrote in July 2003: "Beyond any doubt, what they are doing (and I don't know the extent of it) would be unlawful were these enemy prisoners of war"

- The U.S. military not only tortured prisoners for themselves, but also did the "dirty work" of "softening up" prisoners for Chinese interrogators

Bilderberg Luminary To Select Obama's Running Mate May 23, 2008
Study: 9/11 Workers Suffering Severe Mental Health Problems May 23, 2008
Bilderberg Ruse Exposed May 23, 2008
JPMorgan Chase CEO: Recession Just Beginning May 23, 2008
PNAC Think Tank Web Site Shut Down May 23, 2008 …It is pretty obvious why they would decide to take down the official web site for the think tank. The Rebuilding America’s Defenses document must be incredibly embarrassing for them and there’s little doubt that it has served as a public relations nightmare for the neoconservatives. When examining the 9/11 attacks, it is necessary to look at who had the most to gain. Clearly, the neoconservatives who came into power with the Bush administration back in 2001 had the most to gain and this particular document proves it. The neoconservatives are nothing more than war mongering, anti-American, big government terrorists that have brought ruin to this country. Either way, the removal of their web site looks to be an indication that their agenda is being discredited on a massive scale.

Clinton regrets (not really since the same represents her unspoken hope and typical clintonian criminal desperation) RFK assassination remark
Clinton draws rebuke (which should be outrage) over RFK assassination remark

Israeli army kills three freedom fighters in Gaza: medics

Ford abandons '09 profit goal, recovery sputters

Moody's shifts debt analysts as banks complain: WSJ

"North American Parliament" Meets At Integration Forum May 27, 2008
Spooks Promise Terror Attack For New President May 27, 2008
McCain heckled during non-proliferation speech May 27, 2008
MPs back personal carbon credits May 27, 2008
George Soros: 'We face the most serious recession of our lifetime' May 27, 2008

"Until lions have their historians, tales of the hunt shall always glorify the hunters" -- African Proverb

ISRAEL HAS AT LEAST 150 NUKES, SAYS CARTER RAMALLAH, West Bank, 27 May 2008 — Former US President Jimmy Carter says Israel has a nuclear arsenal of at least 150 weapons, The Times of London reported yesterday. While experts have long maintained Israel has a nuclear arsenal, the Jewish state has refused to confirm or deny it, and remain in violation of the Nuclear Non-Proliferation Treaty as they brazenly break international law, ignore U.N. Resolutions, and create mideast/world instability to the detriment of all nations as well as israeli shill, America.
American Businessman Says He Gave Cash-Stuffed Envelopes to Israeli Premier
Blame It on Oil? No, Blame It on Bush
A RADIO LISTENER/CALLER SETS FORTH QUITE ACCURATELY AND SUCCINCTLY THE REASONS FOR THE DEBACLE/WAR CRIMES IN IRAQ: 1) OIL 2) ISRAEL 3) WAR PROFITEERING.

Former White House Spokesman: Bush Used 'Propaganda' to Sell War May 28, 2008
More Doctors Say Taser Shocks Affect Heart May 28, 2008
Rise of the NGOs: Global Governance By Proxy May 28, 2008
John Bolton to be target of citizen's arrest at Hay Festival May 28, 2008
George Soros: 'We face the most serious recession of our lifetime' May 28, 2008
Inflation-wary Fed looks ahead to rate increases
Former spokesman bashes Bush in new book
Study documents nearly 1,000 lies from Iraq war propaganda campaign
Former White House spokesman: Bush used 'propaganda' to sell war
FLASHBACK: Bush's 'Gulf Of Tonkin' Underlines Criminal Desperation For War
FLASHBACK: In 1999, Bush Craved Opportunity to Attack Iraq
FLASHBACK: Memos Prove Rumsfeld Directed Psychological Terror Campaign
FLASHBACK: The lies that led us into war
FLASHBACK: Downing Street Memo: Ministers were told of need for Gulf war ‘excuse’
White House reacts negatively to ex-aide's book...
Obama: McClellan 'confirmed what a lot of us have thought for some time'...
PELOSI: 'I TOTALLY AGREE'...
**VIDEO** Rove: McClellan Sounds Like Left Wing Blogger...
BARTLETT: 'TOTAL CRAP'...
Congressman: McClellan Must Testify Under Oath...
Bashed Tell All Memoirs, Before He Wrote His Own...
TV TOUR KICKS OFF ON NBC...
Book Roars to #1 at AMAZON.COM...

"Until lions have their historians, tales of the hunt shall always glorify the hunters" -- African Proverb

Gingrich: Bush Should Have Allowed Terror Attacks May 29, 2008
Senators Say Report of Planned U.S. Strikes on Iran Untrue May 29, 2008
Cops & Customs Agents Caught Drug Smuggling May 29, 2008
Phony McClellan Controversy Hyped To Cast Suspicion On Iraq Propaganda May 29, 2008
George Soros: 'We face the most serious recession of our lifetime' May 29, 2008

MSNBC: White House Officals Are ‘Flat Out Angry,’ Calling McClellan ‘Traitor,’ ‘Benedict’
What about just calling him truthful. After all, what they did are war crimes.
War on the Clintons There is a vast right and left-wing conspiracy against Hillary Clinton. Riiiiight.
Hillary's Assassination Politics
Phony McClellan Controversy Hyped To Cast Suspicion On Iraq Propaganda Former White House press secretary Scott McClellan's new book, in which he accuses the Bush administration of using propaganda to sell the invasion of Iraq, is being used as a sideshow by the corporate media to "debate" and cast suspicion upon the manifestly provable fact that Bush led America into a war based on lies.
Bill O’Reilly on “Judas” Scott McClellan Phone sex pervert mental case o’reilly “knows” mass-murdering war criminal bush is very Christ-like. Riiiiight.
McClellan's father on his book Blood, Money & Power: How L.B.J. Killed J.F.K
Fomenting inflation to pay for war
U.S. Bank Failures Loom

"Worst Vaccine Bill Ever" Seeks Compulsory Shots For All Children May 30, 2008
Download A Book Get Arrested, Call For Terror Attacks - No Problem! May 30, 2008
Dr. Quigley’s Tragedy and Hope reveals a Call by Cecil Rhodes for an “American Union” May 30, 2008
Thug Cop Assaults Cameraman For Filming From Across Street May 30, 2008
George Soros: 'We face the most serious recession of our lifetime' May 30, 2008

'US evidence against Iran fabricated'
Rough Sledding for Bush's Covert Iran Finding: Petraeus' Iran Obsession
Alexis de Tocqueville's Observations on American Society

MSNBC: White House Officals Are ‘Flat Out Angry,’ Calling McClellan ‘Traitor,’ ‘Benedict’
What about just calling him truthful. After all, what they did are war crimes.
War on the Clintons There is a vast right and left-wing conspiracy against Hillary Clinton. Riiiiight.
Hillary's Assassination Politics
Phony McClellan Controversy Hyped To Cast Suspicion On Iraq Propaganda Former White House press secretary Scott McClellan's new book, in which he accuses the Bush administration of using propaganda to sell the invasion of Iraq, is being used as a sideshow by the corporate media to "debate" and cast suspicion upon the manifestly provable fact that Bush led America into a war based on lies.
Bill O’Reilly on “Judas” Scott McClellan Phone sex pervert mental case o’reilly “knows” mass-murdering war criminal bush is very Christ-like. Riiiiight.
McClellan's father on his book Blood, Money & Power: How L.B.J. Killed J.F.K
Fomenting inflation to pay for war
U.S. Bank Failures Loom

Iran not seeking to build nuclear weapons: Putin... June 2, 2008
Bank downgrades, Wachovia ouster rocks markets June 2, 2008
U.S. ACCUSED OF HOLDING TERROR SUSPECTS ON 'PRISON SHIPS'... June 2, 2008
George Soros: 'We face the most serious recession of our lifetime' June 2, 2008
Israel to build new homes in occupied West Bank to Sabotage the so-called Peace Process and further embarasses u.s. (Reuters) June 2, 2008
When Will Israel Quit Pretending? Linda Heard Successive Israeli governments have perfected the art of announcing one thing and doing just the opposite. Almost every member of the Israeli leadership says a two-state solution on the lines of “the...
Ahmadinejad says Israel will soon disappear…AS RATIONAL, CIVILIZED, BENEVOLENT PEOPLE CHEER HIS WORDS...

PURDUM: What's the matter with Bill Clinton?...
BILL CLINTON ATTACKS VANITY FAIR, DEE DEE MYERS...
NYT TUESDAY: 'Clinton would likely withdraw from the race later in the week, after Obama's victory appeared clear'...
PAPER: Clinton in negotiations for Obama to help pay off her debts...
Superdelegates predict quick primary end...

Gates: Obstructed efforts in Myanmar cost lives but not as many as u.s. war crimes in iraq (and mistrust of u.s. even by Myanmar – Suu Kyi should be freed) has cost in terms of lost lives The Associated Press

Editorial: Brown’s Tragedy British Premier Gordon Brown is emerging as a politically tragic figure. After waiting impatiently for 10 years to succeed Tony Blair, Brown discovered that his rival had handed him a poisoned chalice....

PAPER: Hillary to be offered dignified exit...

Clinton's Road to Second Place June 3, 2008 Wall Street Journal - By JACKIE CALMES WASHINGTON -- Sen. Hillary Clinton, once positioned to be Democrats'"inevitable nominee," won't be.
Clinton offers praise, does not concede USA Today
Obama: Triumphant end to long primary season San Francisco Chronicle
Chicago Tribune - The Associated Press - Reuters - Bloomberg
HILLARY: NOT TONIGHT...
FOURNIER: WHAT DOES SHE WANT? June 3, 2008 CRIMINAL CLINTONS TRY SHAKEDOWN FOR CAMPAIGN DEBTS, OBAMA TOO SMART TO FALL FOR SELF-DESTRUCTIVE CLINTON(HIS LBJ)-SHARED TICKET, IMAGINE CRIMINAL/RAPIST CLINTON OF ALL PEOPLE REFERRING TO VANITY FAIR/REPORTERS AS SLEASY (WHAT HAS HE BEEN SMOKING. NOW HE’S INHALING.)
MCCAIN: THE GENERAL ELECTION BEGINS...
Will compete for Clinton backers...
Obama Clinches Democratic Nomination...
Obama Speech: In Full...
Clinton juggernaut coughs and splutters to a halt...
Wants time to 'catch her breath'...
Iran not seeking to build nuclear weapons: Putin... June 3, 2008
Bank downgrades, Wachovia ouster rocks markets June 3, 2008
George Soros: 'We face the most serious recession of our lifetime' June 3, 2008
Israel to build new homes in occupied West Bank to Sabotage the so-called Peace Process and further embarasses u.s. (Reuters)
When Will Israel Quit Pretending? Linda Heard Successive Israeli governments have perfected the art of announcing one thing and doing just the opposite. Almost every member of the Israeli leadership says a two-state solution on the lines of “the...
Report: Palestinian textbooks portray jews realistically (AP)
Ahmadinejad says Israel will soon disappear…AS RATIONAL, CIVILIZED, BENEVOLENT PEOPLE CHEER HIS WORDS...

Clinton to end campaign Friday: reports June 4, 2008
Editorial: Obama’s Victory
Clinton To Express Support For Obama June 4, 2008 CBS News - (CBS) Hillary Rodham Clinton will host an event in Washington, DC, on Friday to thank her supporters and express her support for Barack Obama and Democratic Party ...
Adviser says Clinton to end campaign The Associated Press
Clinton reportedly quitting race on Friday Houston Chronicle
Clinton 'to Concede on Friday'... June 4, 2008
Express support for Obama...
Mondale: 'I was for Hillary'...
Milbank: She Graciously Pretends to Win...June 4, 2008
'I won't believe it till Denver'...
Dean, Pelosi, Reid push Friday deadline for superdelegates; force end of Clinton bid...
FOURNIER: WHAT DOES SHE WANT? June 4, 2008 CRIMINAL CLINTONS TRY SHAKEDOWN FOR CAMPAIGN DEBTS, OBAMA TOO SMART TO FALL FOR SELF-DESTRUCTIVE CLINTON(HIS LBJ)-SHARED TICKET, IMAGINE CRIMINAL/RAPIST CLINTON OF ALL PEOPLE REFERRING TO VANITY FAIR/REPORTERS AS SLEASY (WHAT HAS HE BEEN SMOKING. NOW HE’S INHALING.)

Home foreclosures set record in first quarter...
Marine acquitted of all charges in Haditha killings...But prosecutors say there were no insurgents, alleging that the soldiers opened fire unprovoked in revenge for their colleague's death. In a three-hour shooting spree, they say, the soldiers shot five passengers of an approaching taxi and killed 10 women and children at point blank range, among others… Cheers erupted as the jury found him not guilty of ordering a sergeant to delete photographs of the bodies from a digital camera and laptop computer.
My, My, My, How Times Have Changed; but not america, the inherently criminal nation where war crimes and crime in general are celebrated/protected.

Milbank: She Graciously Pretends to Win...
'I won't believe it till Denver'... hill, believe it!
Look on the bright side, Lady Macbeth clinton: No more bloody (wet) dreams of Presidency. No more floating daggers (of assassinations past, ie., RFK). No more obsessive reiterations of , ‘Out, out of my spot damned Obama’.
Dean, Pelosi, Reid push Friday deadline for superdelegates; force end of Clinton bid...
FOURNIER: WHAT DOES SHE WANT? CRIMINAL CLINTONS TRY SHAKEDOWN FOR CAMPAIGN DEBTS, OBAMA TOO SMART TO FALL FOR SELF-DESTRUCTIVE CLINTON(HIS LBJ)-SHARED TICKET, IMAGINE CRIMINAL/RAPIST CLINTON OF ALL PEOPLE REFERRING TO VANITY FAIR/REPORTERS AS SLEASY (WHAT HAS HE BEEN SMOKING. NOW HE’S INHALING.)

Oil zooms nearly 9 percent higher to record $139 June 6, 2008
Biggest jobless jump since '86 — Wall Street sinks June 6, 2008
Some oil pundits see crude hitting $150 or more June 6, 2008
Morgan Stanley Analyst Sees Oil Driven To $150 By July 4 June 6, 2008
DOW PLUNGES 400... June 6, 2008

22,000 Jobs Cut on Wall Street, With More to Come
More War Criminal Nations U.S., Israel threats against Iran
McCain, Obama exaggerating Iran’s nuclear program
Editorial: Limited ‘Change’
US paying allies to fight war in Iraq The Times of India | The Pentagon said that an audit of $8.2 billion spending related to the Iraq war showed that $7.8 billion had been improperly spent.
The Gas Prices You Deserve
The Derivatives Market is Unwinding
Alex Jones, Reporter/Journalist, Provides Official Bilderberg Participant List
Obama's Office Won't Deny Senator Attended Bilderberg
Senator Barack Obama's office has refused to deny that the Democratic nominee attended Bilderberg last night following reports that he and Hillary Clinton were present at "an event in Northern Virginia."
Turkish Media Reports On Bilderberg Meeting
Press Let Rip At Obama Spokesman Over Exclusion From Secret Meeting
Bilderberg boys will decide who’s Obama’s “chosen” Veep
Hillary & Obama In Secret Bilderberg Rendezvous
Official 2008 Bilderberg Participant List
Condoleeza Rice, Ben Bernanke, Richard Perle, Paul Wolfowitz attending secret conference that U.S. corporate press dare not mention.
Photos: Bilderberg 2008 at the Westfields Marriott in Washington D.C.

DOW PLUNGES 400...
Jobless rates jumps to 5.5%; biggest rise since '86...
$139: OIL'S BIGGEST DAY

Oil posts record $6 gain on weak U.S. dollar 6-5-08
Foreclosures hit a record high — and more coming 6-5-08
IT'S HIS CHOICE 6-5-08

Home foreclosures set record in first quarter...
Marine acquitted of all charges in Haditha killings...But prosecutors say there were no insurgents, alleging that the soldiers opened fire unprovoked in revenge for their colleague's death. In a three-hour shooting spree, they say, the soldiers shot five passengers of an approaching taxi and killed 10 women and children at point blank range, among others… Cheers erupted as the jury found him not guilty of ordering a sergeant to delete photographs of the bodies from a digital camera and laptop computer.
My, My, My, How Times Have Changed; but not america, the inherently criminal nation where war crimes and crime in general are celebrated/protected.

Castrated U.S. Media Remains Obediently Silent on Bilderberg June 9, 2008
Bilderberg Ben and the Globalist Agenda June 9, 2008
D.C. Police State: Is Philadelphia Next? June 9, 2008
'Baghdad-style' checkpoints in U.S. capital June 9, 2008
Morgan Stanley Analyst Sees Oil Driven To $150 By July 4 June 9, 2008

Bilderberg Seeks Bank Centralization Agenda
US Is Iraq’s Main Problem: Khamenei
NBC's Brian Williams Tells Grads: USA Broken, 'Need You to Fix the Country'...
SEX IN THE CITY: 1 in 4 adults in NYC has herpes virus...
Los Angeles plays down crime fears after killing spree...
Gas hits national average of $4 for first time
Bank chief warns against oil shock...
Corn Jumps to Record...
Concern over APPLE Steve Jobs's physical appearance...

Secret Bilderberg Agenda To Microchip Americans Leaked June 10, 2008
Alex Jones Covers the Texas Gov. Mansion Fire June 10, 2008
Kucinich Presents Bush Impeachment Articles June 10, 2008
Bilderbergers Leave Confab To Initiate Fresh Orders June 10, 2008
Morgan Stanley Analyst Sees Oil Driven To $150 By July 4 June 10, 2008
Washington Post Mentions Obama's Handler Is Bilderberg
Make No Mistake: McCain’s a Neocon
McClellan to testify in House in CIA leak probe
Mainstream Media Blackout on Bilderberg Meeting
No Excuse For Lack Of Bilderberg Coverage
Iran Threatened After Gates Bilderberg Visit
Kucinich presents Bush impeachment articles
Deadly Fallout From Obama's Groveling Before Israel Lobby

Israeli Troops Kill 3 Freedom Fighters

Oil looks set to test $139 record June 11, 2008
Gazprom predicts oil will reach $250 June 11, 2008
Israeli tank fire kills girl in Gaza June 11, 2008
4 Afghan civilians killed in US raid June 11, 2008
Morgan Stanley Analyst Sees Oil Driven To $150 By July 4 June 11, 2008
Inflation Is at Hand and the Fed Knows It
The Fed's Coming Rate Hikes
Fed Policymakers Are in a Tough Spot

IT IS MORE THAN DIFFICULT TO IMAGINE AFTER A HEATED PRIMARY CAMPAIGN (WHICH OBAMA HANDILY WON – DON’T BUY THE SPIN OR THE LIMBAUGH VOTES) OF CLINTONIAN DIRTY TRICKS, PAST CLINTONIAN FOIBLES COME BACK TO HAUNT THEM, AND CLINTONIAN PRIOR ADOPTION OF NOW PROBLEMATIC/DEVESTATING POLICIES AS NAFTA/TRANSFER OF MANUFACTURING/TECHNOLOGY BASE TO CHINA, ETC., THE PURPORTED AGENT OF CHANGE, OBAMA HAS SEEMINGLY CONTRARY TO MESSAGE WHILE IGNORING SURVIVAL INSTINCTS THAT WOULD BESPEAK SELF-DESTRUCTIVE IMPULSE, EMBRACED OF ALL PEOPLE FEINSTEIN (OF THE LAND OF FRUITS AND NUTS WHERE SHE HAS GOTTEN AWAY WITH WHAT IS UNTHINKABLE IN AMERICAN POLITICS WHEN A MAYOR MOVES ON TO SENATOR AND BECOMES WEALTHY THROUGH GOVERNMENT CONTRACTS/TRADE WITH CHINA TO HUBBY BLUM & COS. TO THE DETRIMENT AND EXPENSE OF TAXPAYERS – MAYORALTY POLITICS ARE TOO LOCAL/CORRUPT) TO DILUTE IF NOT MAKE IMPOSSIBLE ANY REAL CHANGE WHATSOEVER SINCE CLINTONS/BUSHES ARE FLIP SIDES OF THE SAME COIN/PROBLEMS.

Constitutional scholar on impeachment: 'It's time to pony up' Law professor and constitutional law expert Jonathan Turley says that America's founders "would have been astonished by the absolute passivity, if not the collusion, of the Democrats in protecting President Bush from impeachment."
Secret Plan To Kill Internet By 2012 Leaked? They would love to do that inasmuch as the rest of the media is control. Then where could you get the truth/reality?
World Faces `Oil Crisis;’ IEA Ready to Tap Reserves
Israeli fire kills four Palestinians in Gaza Reuters | Israeli forces killed four Palestinians, including a 9-year-old girl, in the Hamas-ruled Gaza Strip on Wednesday, Palestinian medical workers said.

Pakistan Condemns ‘Cowardly’ US Airstrike
Deal Impossible in 2008 Because of israel/u.s. actions: Fayyad
Editorial: Alienating Allies

Rice Formalized Missile Defense Policy At Bilderberg June 12, 2008
Puppy Chuck Video: Michelle, It’s Time for an Apology June 12, 2008
Govt. To Use Sonic Weapons Against Protestors At DNC June 12, 2008
Kucinich: Judiciary Committee must begin review of impeachment articles June 12, 2008
Just Your (Much Worse Than) Average Bear Market June 12, 2008
Secret Plan To Kill Internet By 2012 Leaked?
Sneak Peak - TRUTH RISING: The 9/11 Chronicles Part One
Ireland Set To Vote On EU Dictatorship
Democrats protecting Bush from impeachment: scholar
An Ohio Democratic lawmaker and former presidential candidate has presented articles of impeachment against President George W. Bush to Congress. Thirty-five articles were presented by Rep. Dennis Kucinich to the House of Representatives late Monday evening, airing live on C-SPAN. "The House is not in order," said Kucinich to Speaker Nancy Pelosi (D-CA), upon which the incompetent, hypocritical, protector of godfather bush pelosi (she need not remind anything of her i…talian background or that she has no balls) pounded her gavel. "Resolved," Kucinich then began, "that President George W. Bush be impeached for high crimes and misdemeanors, and that the following articles of impeachment be exhibited to the United States Senate. (.pdf format) ...

Nancy Pelosi: Criminal
Blix slams US for threatening Iran Former UN chief weapons inspector Hans Blix has criticized the US for keeping open the possibility of a military action against Iran.
Palestinians fight back against Israel After Blast Kills 7 GAZA CITY, 13 June 2008 — Palestinian gunmen fought back in southern Israel yesterday after a house in northern Gaza was blown up in a blast that killed seven people, including a four-month-old baby.
Israel’s nukes are the problem in the Middle East

Just Your (Much Worse Than) Average Bear Market
John Makin: The Fed's Dilemma
Between the Devil of Recession and the Deep Sea of Inflation
SueAnn Arrigo's Explosive Revelations: Exposing Pentagon and CIA Corruption
French Government decides to censor the Internet
We Are Change Vancouver Member Arrested at Colin Powell Event We Are Change | Photographer arrested after We Are Change confronts former Secretary of State over depleted uranium.

EU Dictators May Ram Through Lisbon Treaty Despite Irish Rejection June 13, 2008
Clear No vote as EU treaty fails June 13, 2008
Talk show host Michael Reagan calls for murder of anti-war activist June 13, 2008
Just Your (Much Worse Than) Average Bear Market June 13, 2008
Cafferty: Why Won't Congress Consider Impeachment? June 13, 2008
'Kucinich Vows to Introduce 60 Articles of Impeachment if Congress Fails to Act
Talk show host Michael Reagan calls for murder of anti-war activist Radio talk show host Michael Reagan is calling for the murder of political activist, Mark Dice, after hearing that Dice is mailing letters and DVDs to troops in Iraq. Reagan wants to pay for the bullets.

$23 BILLION Lost, Stolen, or Missing (the real reason for prolonged illegal war/war crimes) from “Rebuilding” in Iraq
Iraq war costs may reach $2.7 trillion
John McCain's Chilling Project for America

Iraq says talks with U.S. on pact reach "dead end"
Deadlock Over Iraq-US Security Pact Which Threatens Iraqi Sovereignty…..t
A Destroyed Friendship Marked by Deepening Distrust

In further Attempt to Sabotage Peace Process israel to Build 1,300 New Settler Homes Why isn’t rice spouting the reality that the world has lost it’s patience with israel

Israel brushes aside U.S. Interests in typical favor of their own in ignoring u.s. credibility/stature over statehood deal
Obama and the Fall Into Tyranny PAUL CRAIG ROBERTS / Counterpunch | June 16, 2008 As articles by John Pilger, Alexander Cockburn, and Uri Avnery make clear, by groveling before the Israel Lobby Obama has dispelled any hope that his presidency would make a difference.Obama told the Lobby that in order to protect Israel he would use all the powers of the presidency to prevent Iran from having a nuclear weapon. As in the case of Saddam Hussein’s “weapons of mass destruction,” the conclusion whether or not Iran is making a nuclear weapon will be determined by propaganda and not by fact. Therefore, there is no difference between Bush, McCain, Obama, and the Lobby with regard to the Middle East.As Israel has several hundred nuclear weapons, and a modern air force and missiles supplied by the US, the idea that Israel needs American protection from Iran is a fantasy. All Israel needs to do in order to be safe and to live in peace is to stop stealing the West Bank and to drop its designs on southern Lebanon. Obama is too smart not to know that US foreign policy has been Shanghaied by the Lobby not in order to protect innocent Israel but to enable Israel’s territorial expansion….
John McCain’s Chilling Project for America

Israel ignores US Need for Credibility/Non-israeli Alignment/Pressure
No, imperialism isn’t dead! George dumbya bush and his immaculately turned-out wife are saying their last goodbyes to Europeans who have served the Bush administration well and admonishing others to stay with the program even when...
'100 years to recover from Bush'
The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise'

Reagan's "Apology": Weak, Perfunctory & Disingenuous June 17, 2008
Report: U.S. Gave Green Light For Taliban Prison Attack June 17, 2008
Clear Channel's KFI Los Angeles Mocks Reagan Death Threat Story June 17, 2008
Official: Fire at Texas Governor's Mansion May Have Been Politically Motivated June 17, 2008
The Next Crisis: ‘Credit Default Swaps’; Subprime is Just a ‘Vorspeise’ June 17, 2008
Online Journal | The next crisis is already beginning in the $62 trillion market for Credit Default Swaps. You never heard of them? It’s time to take a look, then.

The Violent and Demented Pathology of Michael Reagan In the video clip here, Michael Reagan suggests killing Arab and Muslim babies in the most cruel and inhumane fashion, thus revealing the disgusting and mentally depraved mindset of the neocons. For Reagan and the neocons, there will be peace “when everybody in the Middle East is dead.”
When "Sorry" Is Not Good Enough
Gingrich: Supreme Court decision will ‘cost us a city.’
Cafferty: Why Won't Congress Consider Impeachment?
The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise'

Government "Strike Teams" Invade Homes, Harass Flood Victims June 18, 2008
Black Helicopters Over Denver & Florida June 18, 2008
Decider-Commander Goes to Iowa June 18, 2008
John Edwards Admits to Attending Bilderberg, Denies Tie to VP Selection in '04 June 18, 2008
The Next Crisis: ‘Credit Default Swaps’; Subprime is Just a ‘Vorspeise’ June 18, 2008
Online Journal | The next crisis is already beginning in the $62 trillion market for Credit Default Swaps. You never heard of them? It’s time to take a look, then.
Global Crash Coming Lew Rockwell | The Fed and its partners in crime have inflated so much that they fear global hyperinflation — Zimbabweworld — and therefore have to counterfeit less, and won’t have their usual bailout tools.
RBS issues global stock and credit crash alert
Bush gets rock-bottom rating from Americans: survey
Royal Bank of Scotland issues global stock and credit crash alert

Bank issues global stock and credit crash alert...
Write Offs to Top $1.3 Trillion.Who didn’t see this coming?

Stocks drop on bank worries, FedEx profit warning
Wall Street's credit crisis heads into second year
Oil rises on Nigeria strike threat, inventory drop

The Violent and Demented Pathology of Michael Reagan In the video clip here, Michael Reagan suggests killing Arab and Muslim babies in the most cruel and inhumane fashion, thus revealing the disgusting and mentally depraved mindset of the neocons. For Reagan and the neocons, there will be peace “when everybody in the Middle East is dead.”
Cafferty: Why Won't Congress Consider Impeachment?
The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise'

Cops Who Arrested Man For Attempting To Re-Enter His Own Home Praised June 19, 2008
Reagan files copyright claim in attempt to get Mark Dice death threat removed June 19, 2008
We Are Change Colorado Chases Black Helicopters in Denver, Preparations for DNC Underway June 19, 2008
Deals with Iraq are set to bring oil giants back June 19, 2008
The Next Crisis: ‘Credit Default Swaps’; Subprime is Just a ‘Vorspeise’ June 19, 2008
Online Journal | The next crisis is already beginning in the $62 trillion market for Credit Default Swaps. You never heard of them? It’s time to take a look, then.
Global Crash Coming Lew Rockwell | The Fed and its partners in crime have inflated so much that they fear global hyperinflation — Zimbabweworld — and therefore have to counterfeit less, and won’t have their usual bailout tools.
RBS issues global stock and credit crash alert
Bush gets rock-bottom rating from Americans: survey
Royal Bank of Scotland issues global stock and credit crash alert
Ex-Bear managers charged, crackdown on mortgage fraud
'US fabricates intel to justify presence'
Thousands 'missing' in Tibet
Stocks rise, helped by oil price tumble But Sean Brodrick, a natural resources analyst for MoneyandMarkets.com, said, "oil bears and stock bulls alike are seizing on this news from China like drowning men grasping at lifelines." "I hope they can live with disappointment," he said in emailed comments. The effect is to raise China's gasoline and diesel prices by 46 cents a gallon, he said, and that's "probably not enough to have much impact on existing demand."

Bank issues global stock and credit crash alert...
Write Offs to Top $1.3 Trillion?
Treasury Sec. To Urge New Fed Powers; Bank Would Help Police Wall Street…riiiiight!...and if you believe that they have swamp land in jersey, the brooklyn bridge, and some old watches to sell you…..Who’s going to police the fed.

Stocks drop on bank worries, FedEx profit warning
Wall Street's credit crisis heads into second year
Oil rises on Nigeria strike threat, inventory drop

The Violent and Demented Pathology of Michael Reagan In the video clip here, Michael Reagan suggests killing Arab and Muslim babies in the most cruel and inhumane fashion, thus revealing the disgusting and mentally depraved mindset of the neocons. For Reagan and the neocons, there will be peace “when everybody in the Middle East is dead.”
When "Sorry" Is Not Good Enough
Gingrich: Supreme Court decision will ‘cost us a city.’
Cafferty: Why Won't Congress Consider Impeachment?
The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise'

Israel ignores US Need for Credibility/Non-israeli Alignment/Pressure
No, imperialism isn’t dead! George dumbya bush and his immaculately turned-out wife are saying their last goodbyes to Europeans who have served the Bush administration well and admonishing others to stay with the program even when...
'100 years to recover from Bush'
The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise'

AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES June 20, 2008
Israelis 'rehearse Iran attack' June 20, 2008
Russia warns against attacking Iran June 20, 2008
Russian Foreign Minister Sergey Lavrov on Friday warned against the use of force on Iran, saying there was no proof it was trying to build nuclear weapons. He made the statement when asked to comment on Transportation Minister Shaul Mofaz's statement earlier this month that Israel could attack Iran if it does not halt its nuclear program.
Anti-US protest surges in Iraq June 20, 2008
The Next Crisis: ‘Credit Default Swaps’; Subprime is Just a ‘Vorspeise’ June 20, 2008
Online Journal | The next crisis is already beginning in the $62 trillion market for Credit Default Swaps. You never heard of them? It’s time to take a look, then.
Global Crash Coming Lew Rockwell | The Fed and its partners in crime have inflated so much that they fear global hyperinflation — Zimbabweworld — and therefore have to counterfeit less, and won’t have their usual bailout tools.
RBS issues global stock and credit crash alert
Bush gets rock-bottom rating from Americans: survey
Royal Bank of Scotland issues global stock and credit crash alert
Ex-Bear managers charged, crackdown on mortgage fraud
'US fabricates intel to justify presence'
Thousands 'missing' in Tibet
Stocks rise, helped by oil price tumble But Sean Brodrick, a natural resources analyst for MoneyandMarkets.com, said, "oil bears and stock bulls alike are seizing on this news from China like drowning men grasping at lifelines." "I hope they can live with disappointment," he said in emailed comments. The effect is to raise China's gasoline and diesel prices by 46 cents a gallon, he said, and that's "probably not enough to have much impact on existing demand."

Bank issues global stock and credit crash alert...
Write Offs to Top $1.3 Trillion?
Treasury Sec. To Urge New Fed Powers; Bank Would Help Police Wall Street…riiiiight!...and if you believe that they have swamp land in jersey, the brooklyn bridge, and some old watches to sell you…..Who’s going to police the fed.

Stocks drop on bank worries, FedEx profit warning
Wall Street's credit crisis heads into second year
Oil rises on Nigeria strike threat, inventory drop

John Yoo, totalitarian Paul Craig Roberts | In a Yoo-McCain regime, the terrorists you will have to fear are those in your own government, against whom you will have no protection whatsoever.
NEWSWEEK SHOCK POLL: OBAMA OPENS UP 15-POINT LEAD OVER MCCAIN...
Russia's Lavrov warns against attack on Iran...
Dow below 12,000 as auto woes, downgrades hammer market...
GM, FORD, CHRYSLER Credit Ratings May Be Downgraded on Cash Concern...
Lou Dobbs: Bush Should Be Impeached for Salmonella Outbreak...
CRACKDOWN: 2 former BEAR STEARNS managers surrender to FBI...
Hundreds swept up in mortgage fraud arrests...
China Internet control unacceptable: European Commissioner...
Beijing Olympic car ban targets pollution, gridlock...
China tightens screws against dissidents...

The Violent and Demented Pathology of Michael Reagan In the video clip here, Michael Reagan suggests killing Arab and Muslim babies in the most cruel and inhumane fashion, thus revealing the disgusting and mentally depraved mindset of the neocons. For Reagan and the neocons, there will be peace “when everybody in the Middle East is dead.”
When "Sorry" Is Not Good Enough
Gingrich: Supreme Court decision will ‘cost us a city.’
Cafferty: Why Won't Congress Consider Impeachment?
The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise'

Israel ignores US Need for Credibility/Non-israeli Alignment/Pressure
No, imperialism isn’t dead! George dumbya bush and his immaculately turned-out wife are saying their last goodbyes to Europeans who have served the Bush administration well and admonishing others to stay with the program even when...
'100 years to recover from Bush'
The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise'

How words mislead the public
The Washington Post today reported that "British Prime Minister Gordon Brown on Monday announced plans for new sanctions against Iran " by planning "to freeze the assets of Iran's largest bank, Bank Melli." The report said Britain is trying the convince the European Union to take similar action.Regional, Analysis, 6/16/2008
Abbas: no solution without East Arab Jerusalem as capital
Palestinian Presidency Spokesperson Nabil Abu Rdeina warned on Monday of the continued settlements in occupied Jerusalem, adding that such acts would kill the peace process.
Palestine-Israel-USA, Politics, 6/16/2008
Rice warns Israel on settlement expansion
An Israeli plan to expand settlement activity in disputed areas of East Jerusalem could slow progress toward a two-state solution for the Israeli-Palestinian conflict, US Secretary of State Condoleezza Rice warned during her latest peace mission to the region.
Palestine-Israel-USA, Politics, 6/16/2008
German scholar warns of Israel's collapse due to occupation
A prominent German Middle East scholar on Monday warned of an imminent collapse of the Israeli regime as a result of the Israel's ongoing occupation of the West Bank and Jerusalem.
Palestine-Israel-Germany, Politics, 6/16/2008
Victim 189 dies due to Israeli siege on Gaza Strip
Medical sources said that a sick Palestinian died as being refused by Israeli Occupation Authorities to leave the Gaza Strip for proper medical treatment.
Palestine-Israel, Politics, 6/16/2008
On the convictions of Libyan protesters
Human Rights Watch spoke last Thursday that The Libyan government about the held 11 peaceful political activists convicted on politically motivated charges. A state security court in Tripoli on June 10 reportedly sentenced the men to six to 25 years in prison.
Libya, Politics, 6/16/2008
human rights defenders persecuted in Saudi Arabia
Arab rights organizations and civil society organizations, signatories to the present statement, last Wednesday called upon the Saudi authorities to put an end to their arbitrary practices targeting Saudi activists who aspire to effect democratic reform in the Kingdom.
Saudi Arabia, Politics, 6/16/2008
Iraq welcomes Iran-Iraq security understanding
The agreement focuses on clearing mine fields, recovering the remains of killed soldiers and setting border lines
Iraq-Iran, Politics, 6/16/2008
Maliki reveals impasse over US forces long stay in Iraq
Iraq's Prime Minister Nouri Maliki has said that talks with the US on a long-term agreement allowing US forces to remain in Iraq have "reached an impasse."
Iraq-USA, Politics, 6/16/2008
Human rights in Palestinian territories remain grave
The United Nations human rights chief said today that the situation in the occupied Palestinian territories "remains grave," with Israel breaching international law.
Palestine-Israel-UN, Politics, 6/16/2008
Police forcefully prevent public expression of anti-extremism opinions by
On 11 June 2008, police forces intervened to prevent the staging of a cultural event calling for patriotic unity and rejecting extremism. The gathering was organized by poets and intellectuals, and was to be held in Cairo's Talaat Harb Square
Egypt, Politics, 6/16/2008
Syrian writer arrested, held incommunicado; blogger given three-year sentence
"These activists are in jail because they dared to express their opinions," said Whitson. "We hope that Western diplomats talking to Syria will show the same courage and tell the Syrian authorities that they need to release these activists."
Syria, Politics, 6/16/2008
Iran can play key role in regional peace: FM
Iran's Foreign Minister Manouchehr Mottaki said on Monday that the Iran has repeatedly proved its major role to establish regional stability and security.
Gulf-Iran, Politics, 6/16/2008
US policy and the pro-Israel lobby: A university in Jerusalem takes on the debate - CS Monitor
Iran-Israel-USA, Politics, 6/16/2008
Israeli Cabinet Votes to Seek Truce in Gaza - NY Times
Palestine-Israel, Politics, 6/16/2008
A year later: Hamas still defiant, but Gazans continue to struggle - CS Monitor
Palestine-Israel, Politics, 6/16/2008
Hamas leader says truce talks near successful end - WashingtonPost.com
Palestine-Israel, Politics, 6/16/2008
U.S. and Iraq Negotiate on Extending Troops' Stay - NPR
Iraq-USA, Politics, 6/16/2008
Key Iraqi Leaders Deliver Setbacks to U.S.: Premier Rejects Terms of Proposed Pacts;Cleric Reactivates Militia - WashingtonPost.com
Iraq-USA, Politics, 6/16/2008
Talks With U.S. on Security Pact Are at an Impasse, the Iraqi Prime Minister Says -
Iraq-USA, Politics, 6/16/2008
Bush Inflated Threat From Iraq's Banned Weapons, Report Says - WashingtonPost.com
Iraq-USA, Politics, 6/16/2008

BBC Set To Launch New Smear Attack On 9/11 Truth June 21, 2008
House Votes Overwhelmingly to Kill Fourth June 21, 2008
Scott McClellan Blasts White House in Testimony About CIA Leak Case June 21, 2008
Terry Gilliam's Brazil & False Flag Terrorism June 21, 2008
AMERICA’S BLIND SUPPORT OF ISRAEL/ISRAELI AGGRESSION DEPRESSION CONTINUES June 21, 2008

Stock markets threaten to break through 2008 lows

An Elaine Garzarelli Moment - High Likelihood of a Market Crash: All Elements in Place for a Crash to Occur

Report: Citigroup to slash investment-banking jobs (AP)

Israeli army abuses Palestinian prisoners: group
Israelis 'rehearse Iran attack'
Russia warns against attacking Iran
Russian Foreign Minister Sergey Lavrov on Friday warned against the use of force on Iran, saying there was no proof it was trying to build nuclear weapons. He made the statement when asked to comment on Transportation Minister Shaul Mofaz's statement earlier this month that Israel could attack Iran if it does not halt its nuclear program.
Anti-US protest surges in Iraq
The Next Crisis: ‘Credit Default Swaps’; Subprime is Just a ‘Vorspeise’
Online Journal | The next crisis is already beginning in the $62 trillion market for Credit Default Swaps. You never heard of them? It’s time to take a look, then.
Global Crash Coming Lew Rockwell | The Fed and its partners in crime have inflated so much that they fear global hyperinflation — Zimbabweworld — and therefore have to counterfeit less, and won’t have their usual bailout tools.
RBS issues global stock and credit crash alert
Bush gets rock-bottom rating from Americans: survey
Royal Bank of Scotland issues global stock and credit crash alert
Ex-Bear managers charged, crackdown on mortgage fraud
'US fabricates intel to justify presence'
Thousands 'missing' in Tibet
Stocks rise, helped by oil price tumble But Sean Brodrick, a natural resources analyst for MoneyandMarkets.com, said, "oil bears and stock bulls alike are seizing on this news from China like drowning men grasping at lifelines." "I hope they can live with disappointment," he said in emailed comments. The effect is to raise China's gasoline and diesel prices by 46 cents a gallon, he said, and that's "probably not enough to have much impact on existing demand."

Bank issues global stock and credit crash alert...
Write Offs to Top $1.3 Trillion?
Treasury Sec. To Urge New Fed Powers; Bank Would Help Police Wall Street…riiiiight!...and if you believe that they have swamp land in jersey, the brooklyn bridge, and some old watches to sell you…..Who’s going to police the fed.

Stocks drop on bank worries, FedEx profit warning
Wall Street's credit crisis heads into second year
Oil rises on Nigeria strike threat, inventory drop

Kristol: Bush might attack Iran if he thinks Obama will win June 23, 2008
Emergency Official Witnessed Dead Bodies In WTC 7 June 23, 2008
Bolton: Israel Will Attack Iran After U.S. Election But Before Inauguration June 23, 2008
Sarkozy is accused of blackmail over EU Treaty June 23, 2008
High Likelihood of a Market Crash June 23, 2008

Gas prices climb to record $4.10
Bush 'war crimes conference' to convene in Mass., plan prosecution of admin. officials
Haditha victims’ kin outraged as Marines go free McClatchy Newspapers | “The acquittal of Marines for having killed 24 Iraqi civilians should come as no surprise. Do the Crips ever convict their fellow gang members for drive-by shootings that kill innocents?”
“Kill Everybody” YouTube | U.S. Army Specialist Darrell Anderson talks about U.S. policy in Iraq.
Israel exercising for nuclear disaster with Iran
Iran says Israel not capable of threatening it
Bolton the Incompetent Mental Case Hopes Israel will attack Iran after election, before inauguration...
Bodies in WTC 7: Jennings Interview Demolishes Official Version
Emergency Official Witnessed Dead Bodies In WTC 7

Economy on brink of recession, Greenspan says
U.S. Economy: Consumer Confidence, House Prices Slide
Home prices fall in April at record rate
Bank stocks plummet, but in america CEO pay rises (at CNNMoney.com)
BlackRock sees global slowdown worsening in 2009
Consumer confidence sinks to 16-year-plus low

A Totally Lawless Regime In the 21st century what regime is as and in some ways even more lawless than the lawless war criminal bush Regime?... The only answer I can come up with is the Zimbabwe regime of Robert Mugabe. Voted out of power in the last election, the great man hasn’t left. Zimbabweans are going to have to vote again, and the great man has said that any vote that is not for him will be cancelled by a bullet.

Store Closings: Symptoms of A Depressed Economy
Gas prices climb to record $4.10
High Likelihood of a Market Crash

eBay Responds to Privacy Busting Payment Legislation June 24, 2008
Corporate Media Loathe To Explain Real Outrage Behind Terror Comments June 24, 2008
Bolton: Israel Will Attack Iran After U.S. Election But Before Inauguration June 24, 2008
Terror Chief Warns of 9/11 Style Attacks on Britain by Bombers in Private Jets June 24, 2008
High Likelihood of a Market Crash June 24, 2008

Business Highlights (AP) U.S. consumers are the gloomiest they've been since the tail end of the last prolonged recession. Inflation, sinking home values and soaring gas prices have pushed confidence to the lowest level s...
US house prices continue to fall US house prices fell further in April, with every top city showing annual losses, many with double-digit declines, new figures showed yesterday.The Standard & Poor's/Case-Shiller index of 20 cities fell 1.4% between March and April, and by a record 15.3% year on year. The figures were better than expected, though - it had been forecast to fall 2% on the month and 15.9% on the year. S&P said its index of 10 cities fell 1.6% in April, making a record 16.3% annual drop. Home prices in 12 areas have fallen for eight consecutive months.Meanwhile, the Conference Board said US consumer confidence fell in June to its lowest level in 16 years - despite the arrival of tax rebates - as high inflation continued to sap confidence. The index plummeted to 50.4 from 58.1, while the expectations index dropped to 41.0 from 47.3. The current conditions index fell to 64.5, from 74.2. Those saying jobs were "hard to get" rose to 30.5% from 28.3% in May, while those claiming jobs were "plentiful" fell to 14.1% from 16.1%.....

MYSTERY: ISRAELI POLICEMAN DEAD AT FAREWELL CEREMONY FOR SARKOZY...
APPARENT SUICIDE...
FEAR IT WAS ASSASSINATION ATTEMPT...

Leaked NIST Docs: "Unusual" Event Before Collapse Of WTC 7 June 25, 2008
Poll: 44% of Americans favor torture for terrorist suspects June 25, 2008
Elites Seek Control Over Rising Cashless Society June 25, 2008
We Are Change L.A. Kicked Out For Asking Scott McClellan About 9/11 June 25, 2008
High Likelihood of a Market Crash June 25, 2008
Quotes of George Orwell

Economy on brink of recession, Day Late Dollar Short, Incompetent Greenspan says
U.S. Economy: Consumer Confidence, House Prices Slide
Home prices fall in April at record rate
Bank stocks plummet, but in america CEO pay rises (at CNNMoney.com)
BlackRock sees global slowdown worsening in 2009
Consumer confidence sinks to 16-year-plus low

Business Highlights (AP With inflation moving higher on its worry list, the Federal Reserve held interest rates steady Wednesday, ending nearly a year of cuts to bolster the economy, and hinted that the next direction for rates could be up. Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, American Express sees worsening credit conditions, but fake government report of higher than expected oil inventories (riiiiight!) rallies stocks.
Business Highlights (AP) U.S. consumers are the gloomiest they've been since the tail end of the last prolonged recession. Inflation, sinking home values and soaring gas prices have pushed confidence to the lowest level s...
US house prices continue to fall US house prices fell further in April, with every top city showing annual losses, many with double-digit declines, new figures showed yesterday.The Standard & Poor's/Case-Shiller index of 20 cities fell 1.4% between March and April, and by a record 15.3% year on year. The figures were better than expected, though - it had been forecast to fall 2% on the month and 15.9% on the year. S&P said its index of 10 cities fell 1.6% in April, making a record 16.3% annual drop. Home prices in 12 areas have fallen for eight consecutive months.Meanwhile, the Conference Board said US consumer confidence fell in June to its lowest level in 16 years - despite the arrival of tax rebates - as high inflation continued to sap confidence. The index plummeted to 50.4 from 58.1, while the expectations index dropped to 41.0 from 47.3. The current conditions index fell to 64.5, from 74.2. Those saying jobs were "hard to get" rose to 30.5% from 28.3% in May, while those claiming jobs were "plentiful" fell to 14.1% from 16.1%.....

Scalia Cites False Information in Habeas Dissent To bolster his argument that the Guantánamo detainees should be denied the right to prove their innocence in federal courts, Justice Antonin Scalia wrote in his dissent in Boumediene v. Bush: "At least 30 of those prisoners hitherto released from Guantánamo have returned to the battlefield." It turns out that statement is false. What more can you expect from jersey i…talians scalia, alito or scalito, who like i…talian pelosi love their godfather bush and facism and in the case of alito (as u.s. attorney in jersey actually break the law in covering up drug-money laundering, related RICO crimes, etc.).

20 DEAD IN MEXICO BORDER CITY...
Congressman's relative kidnapped in Juarez; U.S. helps secure release...

Gas prices climb to record $4.10
Bush 'war crimes conference' to convene in Mass., plan prosecution of admin. officials
Haditha victims’ kin outraged as Marines go free McClatchy Newspapers | “The acquittal of Marines for having killed 24 Iraqi civilians should come as no surprise. Do the Crips ever convict their fellow gang members for drive-by shootings that kill innocents?”
“Kill Everybody” YouTube | U.S. Army Specialist Darrell Anderson talks about U.S. policy in Iraq.
Israel exercising for nuclear disaster with Iran
Iran says Israel not capable of threatening it
Bolton the Incompetent Mental Case Hopes Israel will attack Iran after election, before inauguration...
Bodies in WTC 7: Jennings Interview Demolishes Official Version
Emergency Official Witnessed Dead Bodies In WTC 7

CITIGROUP faces '$8.9 billion writeoff, capital need'...
GM Lowered to 'Sell' by GOLDMAN...
Oil shoots above $140 a barrel...
OPEC predicts fresh high$...

Business Highlights (AP) June 26, 2008
RPT-GLOBAL MARKETS-Asia stocks drop on Wall St plunge, oil surge June 26, 2008
Stocks tumble as more bad economic news piles up June 26, 2008
Wave of bad news sends Dow down nearly 360 June 26, 2008
High Likelihood of a Market Crash June 26, 2008

20 DEAD IN MEXICO BORDER CITY...
Congressman's relative kidnapped in Juarez; U.S. helps secure release...

Israel Prodding for more pro-israel self-sacrificing, self-destructive U.S. action to Attack Iran
President Beck: I Wouldn’t Detain Terror Suspects, I’d ‘Shoot Them All In The Head’
Fears of prolonged financial turmoil deepen Financial Times | Investors’ fears of a prolonged period of financial turmoil deepened on Thursday as a raft of downgrades for blue-chip companies sent European and US shares into a tailspin.

In Their Own Words: Admissions from the people who wrote the 9/11 Commission Report that it was compromised June 27, 2008
Bolton the Mental Case Incompetent Bristles When Challenged On Getting It Wrong On Iraq: That’s ‘An Ad Hominem Attack’ June 27, 2008
Le Téléprésident: Pepe Lepew Sarkozy tightens his grip over French state TV June 27, 2008
Nicolas Sarkozy's plans to increase government control over state TV yesterday sparked an outcry from his political opponents who accused him of tightening a Berlusconi-style grip on the airwaves and dragging France back into its dark age of postwar censorship and propaganda.
Wall Street plunges towards worst month since the Great Depression of the early 1930s June 27, 2008
High Likelihood of a Market Crash June 27, 2008

BEAR CARE HITS STREET...
Global stock markets set for dismal first half...
Oil up 46% this year...
Morgan Stanley Wallowing In Risk Forbes
Moody's reviewing Morgan Stanley for downgrade
Business Highlights (AP)

Israel keeps Gaza border closed
Israelis hack pro-Palestinian websites
Israel Prodding for more pro-israel self-sacrificing, self-destructive U.S. action to Attack Iran

CITIGROUP faces '$8.9 billion writeoff, capital need'...
GM Lowered to 'Sell' by GOLDMAN...
Oil shoots above $140 a barrel...
OPEC predicts fresh high$...

20 DEAD IN MEXICO BORDER CITY...
Congressman's relative kidnapped in Juarez; U.S. helps secure release...

President Beck: I Wouldn’t Detain Terror Suspects, I’d ‘Shoot Them All In The Head’
Fears of prolonged financial turmoil deepen Financial Times | Investors’ fears of a prolonged period of financial turmoil deepened on Thursday as a raft of downgrades for blue-chip companies sent European and US shares into a tailspin.

MYSTERY: ISRAELI POLICEMAN DEAD AT FAREWELL CEREMONY FOR SARKOZY...
APPARENT SUICIDE...
FEAR IT WAS ASSASSINATION ATTEMPT...

Gas prices climb to record $4.10
Bush 'war crimes conference' to convene in Mass., plan prosecution of admin. officials
Haditha victims’ kin outraged as Marines go free McClatchy Newspapers | “The acquittal of Marines for having killed 24 Iraqi civilians should come as no surprise. Do the Crips ever convict their fellow gang members for drive-by shootings that kill innocents?”
“Kill Everybody” YouTube | U.S. Army Specialist Darrell Anderson talks about U.S. policy in Iraq.
Israel exercising for nuclear disaster with Iran
Iran says Israel not capable of threatening it
Bolton the Incompetent Mental Case Hopes Israel will attack Iran after election, before inauguration...
Bodies in WTC 7: Jennings Interview Demolishes Official Version
Emergency Official Witnessed Dead Bodies In WTC 7

OPEC president reportedly sees oil at $170 this year (other predictions say $200), blames Fed
Oil rises above $141 on weak dollar

Global stocks close dismal 1st half, outlook realistically grim... June 30, 2008
Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks June 30, 2008
Stocks post double-digit losses for the first half of 2008 June 30, 2008
Wall Street plunges towards worst month since the Great Depression of the early 1930s June 30, 2008
High Likelihood of a Market Crash June 30, 2008

Asia stocks wilt, stagflation lingers
Massive Government and Private Sector Job Cuts Coming (at Seeking Alpha)
Business Highlights (AP): Courtesy Financial News - Yahoo! Finance

Bolton the Mental Case Incompetent Bristles When Challenged On Getting It Wrong On Iraq: That’s ‘An Ad Hominem Attack’
Le Téléprésident: Pepe Lepew Sarkozy tightens his grip over French state TV
Nicolas Sarkozy's plans to increase government control over state TV yesterday sparked an outcry from his political opponents who accused him of tightening a Berlusconi-style grip on the airwaves and dragging France back into its dark age of postwar censorship and propaganda.

War and consequences
Congress Vacations While Economy Burns
SMOKE CHOKE: CALIFORNIA ISSUES AIR WARNING (WORST AIR IN THE WORLD-AND NOT FROM TOBACCO) FROM THEIR BANS ON SMOKING
OPEC Leader: Oil to $170 in next 6 months...

Stocks post double-digit losses for the first half of 2008 July 1, 2008

Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks July 1, 2008

PUMPING MORE WORTHLESS WEIMAR DOLLARS as Fed auctions $75 billion more... July 1, 2008

War drums becoming deafening July 1, 2008
THE Americans and the Israelis are acting in concert vis-à-vis Iran. The unmistakable message they are putting out loud and clear is that an attack on Iran’s nuclear facilities is on the cards...

Pentagon Official Warns of Israeli Attack on Iran July 1, 2008

Senior Pentagon officials are concerned that Israel could carry out an attack on Iran's nuclear facilities before the end of the year, an action that would have enormous security and economic repercussions for the United States and the rest of the world.

Business Highlights (AP)
—In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%.

—For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain.

—For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%.

—Since their high point last October, the Dow gave up 19.87%; the S&P dropped 18.22%; and the Nasdaq is down 19.80%. A 20% drop from a market peak is considered the start of a bear market — although many analysts say Wall Street already has a bear market mentality.

General Motors gives cars away (red ink to follow) in June to hold off Toyota as June sales register 18.2% fall
FORD LEADS TERRIBLE MONTH FOR AUTOMAKERS; 28% SALES DROP...
Global stocks close dismal 1st half, outlook realistically grim...
Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks
Stocks post double-digit losses for the first half of 2008
Wall Street plunges towards worst month since the Great Depression of the early 1930s
High Likelihood of a Market Crash

Stocks drop after new record for oil prices (AP) July 2, 2008

Dow enters bear market as stocks slide July 2, 2008
Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks July 2, 2008

PUMPING MORE WORTHLESS WEIMAR DOLLARS as Fed auctions $75 billion more... July 2, 2008
BIS Report gives grim assessment for future economy July 2, 2008
Malaysia Sun | The Bank for International Settlements has warned the world to brace for a severe economic downturn.
AP Business Highlights
Merrill says GM bankruptcy possible

Oil prices rise past $143 as US oil supplies fall

Stocks post double-digit losses for the first half of 2008

Labour MP Admits US/UK Stealing the Oil and Fomenting Civil War in Iraq
The big miscalculation on Iran In the latest issue of The New Yorker magazine, Hersh writes that last year Congress approved a presidential request for $400 million to finance covert operations inside Iran aimed at destabilizing the regime and to gather information on its nuclear activities. Hersh adds that cross-border operations against Iran have been going on since last year, but have escalated in a significant way of late giving signals that a pre-emptive strike could be in the works soon.
Military strike on Iran would be ‘catastrophic:’ Russian ministry
Iran says any attack would provoke fierce reaction... Iranian Oil Minister Gholam Hossein Nozari said Wednesday that Iran would react "fiercely" to any attack against it, which he warned would cause radically higher crude prices.
Russian ministry says 'catastrophic'...
Analyst sees land of fruits and nuts 'ghost town' in Inland Empire...

Oil majors to lead another Iraq invasion IHT | Iraqi soldiers and police officers have been wounded in greater numbers than American forces, health workers say, and have been treated far worse by their government.
Oil Rises to Record After U.S. Reports Unexpected Supply Drop Crude oil futures rose to a record above $144 a barrel in New York after a U.S. government report showed an unexpected decline in inventories.
Forecast for U.S. workers: Gloom

Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks

PUMPING MORE WORTHLESS WEIMAR DOLLARS as Fed auctions $75 billion more...

War drums becoming deafening
THE Americans and the Israelis are acting in concert vis-à-vis Iran. The unmistakable message they are putting out loud and clear is that an attack on Iran’s nuclear facilities is on the cards...

Pentagon Official Warns of Israeli Attack on Iran

—For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain.

—For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%.

'A Lot of Downside Ahead:' Tracking the Bear with Richard Suttmeier July 3, 2008
Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks July 3, 2008
Dow's bear market run spells trouble for Wall St July 3, 2008
PUMPING MORE WORTHLESS WEIMAR DOLLARS as Fed auctions $75 billion more... July 3, 2008
BIS Report gives grim assessment for future economy July 3, 2008
Malaysia Sun | The Bank for International Settlements has warned the world to brace for a severe economic downturn.
Oil hits new record above $145 July 3, 2008 Associated Press | Oil soars to record near $146 amid concerns over hefty drop in US stockpiles, Iran conflict.

Los Angeles, Miami Foreclosures Double; $5 Billion L.A. Mortgages Go Bad...
Analyst sees 'ghost town' in California's Inland Empire...
62,000 jobs lost, off nearly half-million for year

Stocks drop after new record for oil prices (AP)

Dow enters bear market as stocks slide

AP Business Highlights
Merrill says GM bankruptcy possible

Oil prices rise past $143 as US oil supplies fall

Stocks post double-digit losses for the first half of 2008

Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks

PUMPING MORE WORTHLESS WEIMAR DOLLARS as Fed auctions $75 billion more...

Pentagon Official Warns of Israeli Attack on Iran

—For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain.

—For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%.

The buck doesn’t stop here; it just keeps falling
Oil’s Rapid Rise Stirs Talk of $200 a Barrel This Year
L.A., Miami Home Foreclosure Rates More Than Double
Palestinians say Israel's barrier "stealing" land (Reuters)
FRIGHT OF THE FEEBLE, FALLING, FAILING FINANCIALS
Financial market losses could top 1,600 billion dollars
MORTGAGE MESS: FREDDIE, FANNIE Plunge on Speculation Firms May Need to Raise $75 Billion...
...home loan titans at risk?
Intervention will not stop dollar's slide
Senior Arab official warns of oil price hike if Iran attacked

Financial market losses could top $1.6 trillion dollars...
Retirement accounts seen dipping...
OPEC president warns no end to oil price rises...
Hovers at $144...

Americans' unhappy birthday: 'Too much wrong' (AP)

Editorial: Unmistakable US signal to Israel

Corporate earnings on track for fourth straight quarterly drop

President Bush heckled at speech on the fourth of July at Monticello Los Angeles Times - While giving a speech to welcome new Americans at a celebration in Virginia, president Bush was heckled numerous times by protesters, some of whom screamed out "Police State" claims of fascism and demands for impeachment.

Bush Greets New Citizens, And Protestors CBS News

Stocks post double-digit losses for the first half of 2008

Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks

PUMPING MORE WORTHLESS WEIMAR DOLLARS as Fed auctions $75 billion more...

Pentagon Official Warns of Israeli Attack on Iran

Business Highlights (AP)
—In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%.

—For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain.

—For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%.

Pickens Sticks with $150 Oil... July 8, 2008

UK At 'Serious Risk' Of Recession
PUMPING MORE WORTHLESS WEIMAR DOLLARS as Fed auctions $75 billion more...

Dow ends up 152 on decline in oil, Bernanke/Paulson bull s**t (AP) Wall Street suckers’ bear market rally into the close so sell, sell, sell if you’re smart, as oil prices dropped for the second straight day and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year. He’s right. They’re much worse! Remember greenspan’s envy of all the world speeches. Now Bernanke printing hyperinflationary Weimar dollars like mad. They’re dreaming.
Fed study says home price drop ‘necessary’
Russia threatens military response to US missile defence deal
UK At 'Serious Risk' Of Recession The UK is "at serious risk" of recession with the future looking "grim", Britain's business bosses have warned.
'More robust' belated regulation needed for Wall Street firms: Bernanke
World stocks at 21-month low as banks plunge
Black Tuesday as FTSE plummets, bank shares tumble and Britain faces recession 'within months' Britain was facing a deepening economic crisis today as the FTSE plunged into a so-called 'bear market' for the first time in five years.
China's economy to become 'world's biggest' in less than 20 years...
China warns Sarkozy not to see Dalai Lama...

Dow's bear market run spells trouble for Wall St

The buck doesn’t stop here; it just keeps falling
Oil’s Rapid Rise Stirs Talk of $200 a Barrel This Year
L.A., Miami Home Foreclosure Rates More Than Double
Palestinians say Israel's barrier "stealing" land (Reuters)
FRIGHT OF THE FEEBLE, FALLING, FAILING FINANCIALS
Financial market losses could top 1,600 billion dollars
MORTGAGE MESS: FREDDIE, FANNIE Plunge on Speculation Firms May Need to Raise $75 Billion...
...home loan titans at risk?
Intervention will not stop dollar's slide
Senior Arab official warns of oil price hike if Iran attacked

Financial market losses could top $1.6 trillion dollars...
Retirement accounts seen dipping...
OPEC president warns no end to oil price rises...
Hovers at $144...

Americans' unhappy birthday: 'Too much wrong' (AP)

Editorial: Unmistakable US signal to Israel

Corporate earnings on track for fourth straight quarterly drop

Bush Greets New Citizens, And Protestors CBS News

Crude Oil Rises as Iran Test-Fires Missile, Dollar Declines July 9, 2008

Wall Street slumps into bear market territory... July 9, 2008
Similarities between 1929 and 2008 terrifying July 9, 2008

Seymour Hersh: US Training Jondollah and MEK for Bombing preparation July 9, 2008

Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks July 9, 2008
High Likelihood of a Market Crash

Congress votes to immunize lawbreaking telecoms, legalize warrantless eavesdropping
California towns create parking havens for homeless
The Greater Depression
HR 362 and the Alarming Escalation of Hostility Towards Iran
Constitutional expert Turley on FISA bill: 'The fix is in' The United States Senate is about to vote on a FISA bill that would not only expand the president's powers of surveillance over American citizens but would also forestall civil suits against the telecoms that illegally participated in past surveillance.
Bank of America CEO: Recession may last much longer than a year

OIL PRIZE: Abu Dhabi fund snaps up NY's Chrysler Building...

JESSE JACKSON SAYS HE WANTS TO CUT OBAMA'S 'NUTS OUT'...

Bearish Murdoch sees another year of stock trouble...
Yang accuses dead-weight monopolist MICROSOFT of 'trying to destabilize' YAHOO...

Pickens Sticks with $150 Oil...

Dow ends up 152 on decline in oil, Bernanke/Paulson bull s**t (AP) Wall Street suckers’ bear market rally into the close so sell, sell, sell if you’re smart, as oil prices dropped for the second straight day and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year. He’s right. They’re much worse! Remember greenspan’s envy of all the world speeches. Now Bernanke printing hyperinflationary Weimar dollars like mad. They’re dreaming.
Fed study says home price drop ‘necessary’
Russia threatens military response to US missile defence deal
UK At 'Serious Risk' Of Recession The UK is "at serious risk" of recession with the future looking "grim", Britain's business bosses have warned.
'More robust' belated regulation needed for Wall Street firms: Bernanke
World stocks at 21-month low as banks plunge
Black Tuesday as FTSE plummets, bank shares tumble and Britain faces recession 'within months' Britain was facing a deepening economic crisis today as the FTSE plunged into a so-called 'bear market' for the first time in five years.
China's economy to become 'world's biggest' in less than 20 years...
China warns Sarkozy not to see Dalai Lama...
IRAQ INSISTS ON WITHDRAWAL TIMETABLE...

Stocks drop after new record for oil prices (AP)

Dow enters bear market as stocks slide
Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks

PUMPING MORE WORTHLESS WEIMAR DOLLARS as Fed auctions $75 billion more...
BIS Report gives grim assessment for future economy
Malaysia Sun | The Bank for International Settlements has warned the world to brace for a severe economic downturn.

Global stocks close dismal 1st half, outlook realistically grim...
Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks
Stocks post double-digit losses for the first half of 2008
Wall Street plunges towards worst month since the Great Depression of the early 1930s
High Likelihood of a Market Crash
'A Lot of Downside Ahead:' Tracking the Bear with Richard Suttmeier
Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks
IRAQ INSISTS ON WITHDRAWAL TIMETABLE...
Pickens Sticks with $150 Oil...

Israeli soldiers kill unarmed Palestinian lad July 10, 2008
OPEC: Expect Unlimited Oil Prices With Iran Bombing July 10, 2008
The head of the Organization of Petroleum Exporting Countries warned Thursday that oil prices would see an "unlimited" increase in the case of a military conflict involving Iran, because the group's members would be unable to make up the lost production.
Oil prices rally on tight supplies, Iran fears July 10, 2008
Credit Crunch: 'Worst Yet To Come' July 10, 2008
Right now almost every statistic is pointing in the wrong direction - the cost of living is rising, house prices are falling sharply, companies are laying off staff.
U.S. Foreclosures Rose 53% in June, Bank Seizures Almost Triple July 10, 2008
U.S. foreclosure filings rose 53 percent in June from a year earlier and bank repossessions almost tripled as deteriorating property values and higher payments on adjustable mortgages forced more people to give up their homes.
Crude Oil Rises as Iran Test-Fires Missile, Dollar Declines

Wall Street slumps into bear market territory...
Similarities between 1929 and 2008 terrifying

Seymour Hersh: US Training Jondollah and MEK for Bombing preparation

Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks
High Likelihood of a Market Crash

OIL PRIZE: Abu Dhabi fund snaps up NY's Chrysler Building...

JESSE JACKSON SAYS HE WANTS TO CUT OBAMA'S 'NUTS OUT'...

Bearish Murdoch sees another year of stock trouble...
Yang accuses dead-weight monopolist MICROSOFT of 'trying to destabilize' YAHOO...

Pickens Sticks with $150 Oil...

Dow ends up 152 on decline in oil, Bernanke/Paulson bull s**t (AP) Wall Street suckers’ bear market rally into the close so sell, sell, sell if you’re smart, as oil prices dropped for the second straight day and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year. He’s right. They’re much worse! Remember greenspan’s envy of all the world speeches. Now Bernanke printing hyperinflationary Weimar dollars like mad. They’re dreaming.
Fed study says home price drop ‘necessary’
Russia threatens military response to US missile defence deal
UK At 'Serious Risk' Of Recession The UK is "at serious risk" of recession with the future looking "grim", Britain's business bosses have warned.
'More robust' belated regulation needed for Wall Street firms: Bernanke
World stocks at 21-month low as banks plunge
Black Tuesday as FTSE plummets, bank shares tumble and Britain faces recession 'within months' Britain was facing a deepening economic crisis today as the FTSE plunged into a so-called 'bear market' for the first time in five years.
China's economy to become 'world's biggest' in less than 20 years...
China warns Sarkozy not to see Dalai Lama...
IRAQ INSISTS ON WITHDRAWAL TIMETABLE...

Stocks drop after new record for oil prices (AP)

Dow enters bear market as stocks slide
Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks

Dow drops below 11,000 July 11, 2008
Kucinich to Focus Impeachment Efforts on Bush's Misleading U.S. Into War July 11, 2008
BBC Hit Piece Edits Silverstein Comment in Dirty Tricks Scam July 11, 2008
Congressional Approval Falls to Single Digits (9%) for First Time Ever July 11, 2008
Feds Shut Big Bank As Crisis Intensifies... July 11, 2008 IndyMac Bancorp Inc., a prolific mortgage specialist that helped fuel the housing boom, was seized Friday by federal regulators in one of the largest bank failures in U.S. history.
Why Vincent Bugliosi's "Bush Is a Murderer" Book Is Too Risque for MSM
6,700 Tons of Radioactive Debris Shipped From Kuwait to Idaho
Oil sets new trading record above $147 barrel...
IMF says world economy between recession and inflation

Some chart data/numbers on bear markets: first chart second chart

Zimbabwe: Former Communist Nation Russia, Communist Nation China, Both Totalitarian Get It Wrong Again and Must Be Sanctioned Themselves, Olympics Boycotted, Tarriffs imposed as they Veto UN Sanctions on Mugabe

Financial ETFs Dip Lower

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...Former MorganStanley Asia exec busted for insider dealsFANNIE, FREDDIE FEAR...

Analysts say more U.S. banks will fail July 14, 2008 As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon July 14, 2008
This recession could easily be a depression July 14, 2008

‘Worse than the adult prisons’ U.S.: Torture, murder at Iraqi juvenile prison July 14, 2008
Fannie Plan a `Disaster' to Rogers; Goldman Says Sell July 14, 2008 The U.S. Treasury Department's plan to shore up Fannie Mae and Freddie Mac is an ``unmitigated disaster'' and the largest U.S. mortgage lenders are ``basically insolvent,'' according to investor Jim Rogers.

Citigroup’s $1.1 Trillion of Mysterious Assets Shadows Earnings Bradley Keoun July 14, 2008 At an investor presentation in May, Citigroup Inc. Chief Executive Officer Vikram Pandit said shrinking the bank’s $2.2 trillion balance sheet, the biggest in the U.S., was a cornerstone of his turnaround plan. Nowhere mentioned in the accompanying 66-page handout were the additional $1.1 trillion of assets that New York-based Citigroup keeps off its books: trusts to sell mortgage-backed securities, financing vehicles to issue short-term debt and collateralized debt obligations, or CDOs, to repackage bonds. Now, as Citigroup prepares to announce second-quarter results July 18, those off-balance-sheet assets, used by U.S. banks to expand lending without tying up capital, are casting a shadow over earnings. Since last September, at least $100 billion of assets have flooded back onto Citigroup’s balance sheet, accompanied by more than $7 billion of losses.

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Feds cite Sen. Schumer in bank run panic... Schumer defends...SEC to Probe Manipulation Through False Information
Report: Bush administration milked untruths about Tillman, Lynch during sour times
U.S. pledge fails to lift cloud over Fannie, Freddie
Mortgage Giants' Collapse Could Herald 1930's Style Depression Another Hedge Fund Bites the Dust

Some chart data/numbers on bear markets: first chart second chart

LINES FOR CASH IN CALIFORNIA...WHICH BANK NEXT?
Government which is broke (also technically insolvent) as the Big Lender...
'Unmitigated Disaster'... PAPER: 150 banks nationwide could potentially fail over next year... GM readies new round of job cuts, restructuring...

Dollar Falls to Record Low Versus Euro July 15, 2008
Drug smugglers bribing U.S. agents on Mexico border July 15, 2008
Wachovia: Another Bank Prepares to Fall July 15, 2008
Wholesale inflation is worst in 27 years July 15, 2008
Ventura Blasts Culture That "Cannot Handle The Truth" July 15, 2008

STRESSED OUT SUMMER...
Wall Street Rollercoaster...
SEC emergency rule to curb short sales...
TENSION: POLICE THREAT TO BANK CUSTOMERS WAITING FOR CASH...
Opposition, From Both Parties, Over Bailout Plan...
'Global funding crisis'... Bush, Congress get record lows in Poll... Inflation up at fastest pace in 27 years...Who's Next? List of Troubled Banks Worries Wall Street, DC

Bernanke Is Pessimistic, but Bush Urges another ‘stay the course of failure moment’ Further slowdown and higher inflation says Bernanke who should know since they’re continue to print worthless Weimar dollars like mad.

The Financial Tsunami: The Next Big Wave is Breaking Fannie Mae, Freddie Mac and US Mortgage Debt
F. William Engdahl | The Paulson bailout is not a bailout of the US economy but a direct bailout of his Wall Street financial cronies.
Wholesale inflation is worst in 27 years
Associated Press | Inflation rises over the past year at the fastest pace in more than a quarter-century.
Cops Forced to Threaten to Arrest Angry IndyMac Customers
Daily News | Police ordered angry customers to remain calm or face arrest Tuesday as they tried to pull their money on the second day of the failed institution’s federal takeover.
Conyers joins do-nothing pelosi as lowest approval ratings ever: No Bush Impeachment
Nick Juliano | Conyers is a joke/lightweight/waste/incompetent like god-father-bush-fearing pelosi and said he wants a public discussion of the issues being raised by Kucinich, but does not plan to take any action on impeachment resolution.

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

A Phony Crisis — and a Real One, On The Path To War With Iran Patrick J. Buchanan Though the ex-head of Mossad, Shabtai Shavit, says Iran may be one year away from a bomb—and will use it on Israel—according to the latest U.S. National Intelligence Estimate, Iran shut down its nuclear weapons program in 2003. Iran, says Burns, has not yet mastered the technology of converting uranium gas into fuel for use in power plants, let alone the stuff of bombs. And even if Iran is one day able to enrich to weapons grade, she would still have to build and test a nuclear device, then weaponize it to fit atop a missile and deploy a missile force. All in all, says Burns, Iran’s progress with uranium enrichment has been "modest." There is thus no imminent crisis to justify war on Iran. Yet, what is Nancy Pelosi’s Democratic House doing? Some 220 members, a majority, have endorsed House Concurrent Resolution 362. This virtual war resolution "demands" that President Bush initiate a blockade to halt all Iranian imports of refined petroleum products and impose "stringent inspection requirements on all persons, vehicles, ships, planes, trains, and cargo entering or departing Iran." A Democratic House that came to power denouncing the rush to war on Iraq is about to vote to demand that Bush commit an act of war against Iran. The front men for 362 are liberal Gary Ackerman of New York and conservative Mike Pence of Indiana. But the juice behind them is that of the Israeli lobby AIPAC, which is marching in step with Israel. Last week, Mossad’s chief, Meir Dagan, was here to make the case for war on Iran. This week, Defense Minister Ehud Barak visits Dick Cheney and maybe Bush. Next week, it is the head of Israel’s armed forces. Israel and its Fifth Column in this city seek to stampede us into war with Iran. Bush should rebuff them, and the American people should tell their congressmen: You vote for 362, we don’t vote for you

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

‘Worse than the adult prisons’ U.S.: Torture, murder at Iraqi juvenile prison
Fannie Plan a `Disaster' to Rogers; Goldman Says Sell The U.S. Treasury Department's plan to shore up Fannie Mae and Freddie Mac is an ``unmitigated disaster'' and the largest U.S. mortgage lenders are ``basically insolvent,'' according to investor Jim Rogers.

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Dollar Falls to Record Low Versus Euro
Drug smugglers bribing U.S. agents on Mexico border
Wachovia: Another Bank Prepares to Fall
Wholesale inflation is worst in 27 years
Ventura Blasts Culture That "Cannot Handle The Truth"

Editorial: It serves no one's purpose It is impossible to understand what the prosecutor at the International Criminal Court (ICC) of the United Nations imagined would be achieved by indicting Sudanese President Omar Bashir on charges of genocide. As the Arab League’s envoy to Sudan, Salah Halima, pointed out forcefully yesterday, this move will have an entirely negative impact on the already chaotic situation in Darfur…..What about indicting mugabe, bush, etc.? They have no guts or rationality!

U.S. faces global funding crisis, warns Merrill Lynch July 16, 2008
Sovereign funds cut exposure to weak dollar... July 16, 2008

Gas Lines Coming This Fall July 16, 2008

US Economy: Consumer Prices Up 5%, 17-Year High July 16, 2008

Inflation highest in 27 years July 16, 2008

Author: Some in Congress calling for war crimes trials The Bush administration's laxity towards torture of prisoners could expose its top officials to war crimes charges, said investigative journalist and New Yorker writer Jane Mayer to CNN's Wolf Blitzer.
Report details misleading info on Pat Tillman, Jessica Lynch
Status Report on the Collapse of the U.S. Economy Richard C. Cook | The American people have been so lulled to sleep by the financier-owned media that we have allowed these disasters to take place and are now reaping the consequences.

Bush On Economy: Pay No Attention to the Man Behind the Curtain Kurt Nimmo | Astronomical gas prices and high prices generally are the direct result of a devalued fiat currency and the inflationary polices of our so-called leaders.

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Bush Says Economy Sound As Inflation Rises To Record Levels With three more financial outlets collapsing under the economical meltdown last week, queues of angry people outside banks with no access to their money, inflation at its highest rate for 27 years and scores of economists predicting a recession may tip into a full blown depression, president Bush reacted by declaring that the economy is still fundamentally sound.
UPDATE: Bush claims privilege to withhold CIA leak records... PRICES SURGE...
'MISERY'
MARKET JUMP; OIL SLUMP...
FBI INVESTIGATES INDYMAC FOR FRAUD...
FANNIE, FREDDIE Plan Under Siege...

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

U.S. faces global funding crisis, warns Merrill Lynch July 17, 2008

Confidence drops in U.S. economic policy: Reuters poll July 17, 2008

U.S. Slips to 42nd Place in “Global Life Expectancy” July 17, 2008

GM Retirees Left to Twist in the Wind July 17, 2008

Wachovia Securities raided in auction rate probe... July 17, 2008

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Nine House Republicans Vote for Impeachment Hearing Brad Blog | There will be a hearing related to Rep. Dennis Kucinich’s Article of Impeachment against George Bush in the House Judiciary Committee. That was assured by a vote of 238 to 180. Topics covered in the hearing would include the firing of U.S. attorneys for political reasons, the betrayal of CIA agent Valerie Plame and Bush’s alleged lying to Congress about the reasons for invading Iraq.

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Jesse Jackson use N word Record Deservingly Low Approval Ratings For bush and congress

americans more crooked/corrupt

US ‘killed 47 Afghan civilians’ BBC | A US air strike in eastern Afghanistan on Sunday killed 47 civilians, 39 of them women and children, an Afghan government investigating team says.
Federal Judge Ruling: George W. Bush is a Felon
Kucinich to Focus on Bush's Misleading U.S. Into War

U.S. faces global funding crisis, warns Merrill Lynch July 18, 2008
Confidence drops in U.S. economic policy: Reuters poll July 18, 2008

U.S. Slips to 42nd Place in “Global Life Expectancy” July 18, 2008

More doom for global economy July 18, 2008
Depression is Inevitable Now July 18, 2008
CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...
MERRILL IN A MESS...

Arab Plot Against Bush - More Israeli Intelligence Activity. How can people not see that? Six arabs have been arrested and accused of trying to set up an al Qaeda cell in Israel, but given previous accounts of such plots turning out to be the direct work of Israeli intelligence, why should we believe any different this time?

Freddie & Fannie Unconstitutional Bail Out Using What? Devvy Kidd | Change cannot happen with the same incumbents who have approved the fleecing of we the people as well as all the other unconstitutional legislation coming out of CON-gress for decades.

American consumers squeezed by surging inflation

Israel Cooks Up Terror Plot Against Bush Kurt Nimmo | Considering Israel’s documented history of cooking up false flag terror and blaming it on Arabs and Muslims, this latest accusation should be taken with a large grain of salt.

Jesse Jackson use N word Record Deservingly Low Approval Ratings For bush and congress

americans more crooked/corrupt

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

The global economy is at the point of maximum danger July 21, 2008 It feels like the summer of 1931. The world's two biggest financial institutions have had a heart attack.
As faith in bank bailouts dims, losses set to deepen July 21, 2008 Reuters | Losses for investors, already totaling nearly half a trillion dollars, could mount even further over the next few months, with implications for business investment and the overall health of the economy.

Commercial bankruptcies soar, reflecting widening economic woes July 21, 2008 McClatchy
Newspapers | It was the 10th straight quarter that business bankruptcy filings have increased. Nearly 29,000 companies filed in the first half of 2008.
U.S. faces global funding crisis, warns Merrill Lynch July 21, 2008
Confidence drops in U.S. economic policy: Reuters poll
Depression is Inevitable Now July 21, 2008
More doom for global economy

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

White House Slip; Sends Embarrassing Email..July 19, 2008 1:29 PMThe White House this afternoon accidentally sent to its extensive distribution list a Reuters story headlined "Iraqi PM backs Obama troop exit plan - magazine."The story relayed how Iraqi Prime Minister Nuri al-Maliki told the German magazine Der Spiegel that "he supported prospective U.S. Democratic presidential candidate Barack Obama's proposal that U.S. troops should leave Iraq within 16 months … ‘U.S. presidential candidate Barack Obama talks about 16 months. That, we think, would be the right timeframe for a withdrawal, with the possibility of slight changes,'" the prime minister said.The White House employee had intended to send the article to an internal distribution list, ABC News' Martha Raddatz reports, but hit the wrong button…

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rally July 22, 2008

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rally July 22, 2008

Commercial bankruptcies soar, reflecting widening economic woes July 22, 2008 McClatchy
Newspapers | It was the 10th straight quarter that business bankruptcy filings have increased. Nearly 29,000 companies filed in the first half of 2008.
U.S. faces global funding crisis, warns Merrill Lynch July 22, 2008
Confidence drops in U.S. economic policy: Reuters poll
Depression is Inevitable Now July 22, 2008
More doom for global economy

Obama says committed to Iraq timetable AMMAN: US Democratic Party presidential candidate Barack Obama yesterday pledged to work relentlessly for peace between Israel and the Palestinians based on the “two-state” vision if he elected president.

Death of Free Internet is Imminent if incompetent corporatists have their myopic way: Canada Will Be Test Case Kevin Parkinson | Maintaining Internet (free) access is the only way we can get real, truthful information and have a chance at combatting the global incompetence, criminality, and corporate takeover.
The Week that America Woke Up to the Economic Crisis George Washington Blog | Despite Bernanke and Paulson’s pep talks, last week people still got - on a gut level - that the economy is in mortal danger.

American Express Profit Falls on Higher Defaults Bloomberg | “Unemployment rates took the largest jump in over twenty years. Home prices declined at the fastest rate in decades and consumer confidence is at one of its all-time low points.”

The global economy is at the point of maximum danger It feels like the summer of 1931. The world's two biggest financial institutions have had a heart attack.
As faith in bank bailouts dims, losses set to deepen Reuters | Losses for investors, already totaling nearly half a trillion dollars, could mount even further over the next few months, with implications for business investment and the overall health of the economy.

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

Swan Song for Fannie July 23, 2008 Mike Whitney | Fannie and Freddie have written hundreds of billions of dollars worth of mortgages that have not yet defaulted, but will certainly default within the next two years.

Mortgage giant rescue could cost $25 BILLION...July 23, 2008 stocks rally
CALIF. FORECLOSURES UP 261%... stocks rally

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallies

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rally

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rally

Commercial bankruptcies soar, reflecting widening economic woes July 23, 2008 McClatchy
Newspapers | It was the 10th straight quarter that business bankruptcy filings have increased. Nearly 29,000 companies filed in the first half of 2008.
U.S. faces global funding crisis, warns Merrill Lynch July 23, 2008
Confidence drops in U.S. economic policy: Reuters poll
Depression is Inevitable Now July 23, 2008
More doom for global economy

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Dow Drops 200 Points On Housing Data July 24, 2008 Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Swan Song for Fannie July 24, 2008 Mike Whitney | Fannie and Freddie have written hundreds of billions of dollars worth of mortgages that have not yet defaulted, but will certainly default within the next two years.

Commercial bankruptcies soar, reflecting widening economic woes July 24, 2008 McClatchy
Newspapers | It was the 10th straight quarter that business bankruptcy filings have increased. Nearly 29,000 companies filed in the first half of 2008.
U.S. faces global funding crisis, warns Merrill Lynch July 24, 2008
Confidence drops in U.S. economic policy: Reuters poll
Depression is Inevitable Now July 24, 2008
More doom for global economy

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Analyst: WaMu's unsecured creditors pulling out (AP) On the heels of reporting a $3 billion quarterly loss, Washington Mutual Inc. is said to have yet another problem on its hands: an exodus of its unsecured creditors, according to an analyst report.

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

SF Illegal Murders Three In AK-47 Road Rage Associated Press | The deaths immediately drew public outrage, which intensified when authorities revealed that the shooter is an illegal immigrant who managed to avoid deportation.

Slate: Gonzales’ fingerprints on every White House scandal Raw Story | Slate has created a handy visual aide– including Bush, Vice President Dick Cheney, former Attorney General Alberto Gonzales– of those implicated in various scandals.

Turley fears Dems will let alleged ‘Bush crimes’ stay buried forever Raw Story | “I don’t understand why some Democrats can’t just simply accept a very straightforward proposition, that we’ll prosecute any crimes committed by this administration, an Obama administration, a McCain administration. Because they’re crimes. They’re all egregious.”

Ron Paul on the Housing Bill - "The Mother of All Bailouts" Ron Paul talks about the bailout out of the housing industry and how it really just destroys the dollar and adds enormously to the debt.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Ford Posts Loss of $8.7 Billion on Asset Woes The Ford Motor Company, stunned by abysmal sales of its most profitable vehicles and a sudden shift in consumers’ tastes, said Thursday that it lost $8.7 billion in the quarter, its worst ever, and would overhaul its North American plants to focus on small cars.

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

S&P Puts Fannie and Freddie on Credit Watch Negative July 25, 2008
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

U.S. regulators seize two more banks, engineer sale July 25, 2008

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline July 25, 2008

Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift

Evidence of the US Banking System Teetering on the Brink of Collapse July 25, 2008

Depression is Inevitable Now July 25, 2008

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Swan Song for Fannie Mike Whitney | Fannie and Freddie have written hundreds of billions of dollars worth of mortgages that have not yet defaulted, but will certainly default within the next two years.

Commercial bankruptcies soar, reflecting widening economic woes McClatchy
Newspapers | It was the 10th straight quarter that business bankruptcy filings have increased. Nearly 29,000 companies filed in the first half of 2008.
U.S. faces global funding crisis, warns Merrill Lynch
Confidence drops in U.S. economic policy: Reuters poll
More doom for global economy

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

FDIC takes over 2 more banks, closing 28 branches...

Bad News and Bank Runs July 28, 2008

Evidence of the US Banking System Teetering on the Brink of Collapse July 28, 2008

Depression is Inevitable Now July 28, 2008

Record U.S. Deficit: $490 Billion July 28, 2008

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

If Iran is Attacking It Might Really be Israel July 28, 2008 Philip Giraldi | Israel is willing to behave with complete ruthlessness towards the US if they feel that the stakes are high enough, witness the attack on the USS Liberty and the bombing of the US Consulate in Alexandria in the 1950s.

Force Israel to lift siege, Cabinet tells global community

Are You Ready to Face the Facts About Israel? On October 21 (1948) the Government of Israel took a decision that was to have a lasting and divisive effect on the rights and status of those Arabs who lived within its borders: the official establishment of military government in the areas where most of the inhabitants were Arabs.”

The Real Reason that the U.S. Tortures People The U.S. has embarked on a coordinated policy of torture. The U.S. has rounded up scores of innocent farmers and other civilians -- including children -- in Iraq, Afghanistan and elsewhere and tortured them until they died, went crazy, or were disabled.

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Ben Bernanke’s Hush Money The bailout of IndyMac’s depositors will probably deplete 10% of the FDIC’s reserves. The Federal Reserve System backs up Congress. This is the heart of the threat to the solvency of the dollar.
WORRIED BANKS REDUCE BUSINESS LOANS...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

U.S. regulators seize two more banks, engineer sale WASHINGTON (Reuters) - U.S. regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year as financial institutions struggle with a housing bust and credit crunch.

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

IMF predicts no end in sight to credit crisis July 29, 2008 Radio Australia | The IMF has a particularly gloomy assessment of the US economy.

Record U.S. Deficit: $490 Billion July 29, 2008

Depression is Inevitable Now July 29, 2008

Home prices drop by record 15.8% in May... July 29, 2008

Evidence of the US Banking System Teetering on the Brink of Collapse July 29, 2008

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Quantifying Inflation by Zigler from Seeking Alpha
AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.
Acts of War The war between the United States and Iran is on. American taxpayer dollars are being used, with the permission of Congress, to fund activities which result in Iranians being killed and wounded, and Iranian property destroyed.

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

If Iran is Attacking It Might Really be Israel Philip Giraldi | Israel is willing to behave with complete ruthlessness towards the US if they feel that the stakes are high enough, witness the attack on the USS Liberty and the bombing of the US Consulate in Alexandria in the 1950s.

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

European Confidence Drops Most Since Sept. 11 Attacks

Richard Viguerie: Bush White House Hides True Scope of Federal Deficit July 30, 2008 Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.”
IMF predicts no end in sight to credit crisis July 30, 2008 Radio Australia | The IMF has a particularly gloomy assessment of the US economy.

Record U.S. Deficit: $490 Billion July 30, 2008
Depression is Inevitable Now July 30, 2008
Home prices drop by record 15.8% in May...

Evidence of the US Banking System Teetering on the Brink of Collapse July 30, 2008

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

America’s house price time bomb BBC | Faced with seemingly never-ending falls in the value of their properties, some American home-owners are taking radical action; they are choosing to walk away from homes and their mortgages.

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

We Are Change Confronts Pelosi on Not Pursuing Impeachment We Are Change | Nancy Pelosi was brought into the House in order to push for impeachment as well as an end to the war in Iraq… to date, she has done none of this.

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

Olmert's vow to quit shakes peace talks Another israeli excuse for no peace. After all, corruption/obsessive love of money/ crimes nothing new for the Christ-killing jew. Reuters - By Allyn Fisher-Ilan and Adam Entous JERUSALEM (Reuters) - Middle East peacemaking was in turmoil on Thursday after Ehud Olmert, dogged by corruption probes, said he would resign as prime minister after his party picks a new leader in September.
Video: Raw Video: Israel's Prime Minister to Step Down Video: Raw Video: Israel's Prime Minister to Step Down AssociatedPress

Israeli settlers in West Bank defy promise Christian Science Monitor

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Bush the incompetent, war criminal, budget buster (with substantial congressional help) Calls for New Highway Tolls, More Private Funding of Roads

Richard Viguerie: Bush White House Hides True Scope of Federal Deficit July 31, 2008 Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.”
IMF predicts no end in sight to credit crisis July 31, 2008 Radio Australia | The IMF has a particularly gloomy assessment of the US economy.

Record U.S. Deficit: $490 Billion July 31, 2008
Depression is Inevitable Now July 31, 2008
Home prices drop by record 15.8% in May...

Evidence of the US Banking System Teetering on the Brink of Collapse July 31, 2008

Stressed banks borrow record amount– $16B per day– from Fed Reuters | Banks’ primary credit borrowings averaged $17.45 billion per day in the latest week, the second straight week this had hit a record and up from $16.38 billion the previous week, Fed data showed.

Cheney, Neocons Considered Killing Americans in Pretext to Attack Iran Kurt Nimmo | Hersh admits not writing an article on this obvious act of treason because the neocons didn’t actually see their demented plan through.

Judicial Suit against US Gov’t. On Behalf of Imprisoned Border Agents Jim Kouri | Ignacio “Nacho” Ramos and Jose Alonso Compean are two Border Patrol agents shamelessly prosecuted by the U.S. government for shooting and wounding a Mexican drug smuggler.

The Dangers of Neo-Conservative Economic Policies

The Military-Industrial Complex: It’s Much Later Than You Think Most Americans have a rough idea what the term “military-industrial complex” means when they come across it in a newspaper or hear a politician mention it. President Dwight D. Eisenhower introduced the idea to the public in his farewell address of January 17, 1961.

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Barak the israeli In Washington To Lobby For coup de grace america self-sacrificing/self-destructive for israel Iran Attack Israeli war minister Ehud Barak will visit Washington next week to meet with top U.S. government officials in what some are suggesting will be the final planning session of a military strike on Iran.
Iran missile tests prove US missile plan 'not needed': Russia
Regulators take over IndyMac Bank in one of nation's largest bank failures (at bizjournals.com)
U.S. Weighs Takeover of Two Mortgage Giants NY Times | Senior Bush administration officials are considering a government take over of Fannie Mae and/or Freddie Mac and placing them in a conservatorship when their problems worsen.

Bureaucrats and the Lying Lies They Tell
Congressional Approval Falls to Single Digits (9%) for First Time Ever
BBC Keeps Digging, the Hole Gets Bigger in New WTC7 Hit-Piece Alex Jones and Jason Bermas break down the recent BBC hit piece which labors to explain how the BBC reported the collapse of building 7 23 minutes prior to its actual collapse on September 11, 2001

More Arrows Seen Pointing to a Depression August 1, 2008 The American economy expanded more slowly than expected from April to June, the government reported Thursday, while numbers for the last three months of 2007 were revised downward to show a contraction — the first official slide backward since the last recession in 2001.

BOOK BOMB: FIRST FEMALE SPEAKER CHARTS #1,247 ON AMAZON SALES…which represents a modicum of hope in light of poor showing...

GM posts $15.5 billion loss...
FDIC warns four banks over liquidity...
GM Has $15.5 Billion Loss on U.S. Sales Drop, Leases General Motors Corp. reported a second-quarter loss of $15.5 billion, the third biggest in its 100-year history, because of plunging U.S. sales and the declining value of truck leases. The shares fell as much as 11 percent.
Small Florida bank is 8th failure this year...
July auto sales spiral to 16-year low...

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom... August 1, 2008

Richard Viguerie: Bush White House Hides True Scope of Federal Deficit August 1, 2008 Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion
IMF predicts no end in sight to credit crisis Radio Australia | The IMF has a particularly gloomy assessment of the US economy.
Depression is Inevitable Now August 1, 2008
Home prices drop by record 15.8% in May...

Evidence of the US Banking System Teetering on the Brink of Collapse August 1, 2008

Bush the incompetent, war criminal, budget buster (with substantial congressional help) Calls for New Highway Tolls, More Private Funding of Roads

The Dangers of Neo-Conservative Economic Policies

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

The Real State of the US Economy August 4, 2008 When Henry Paulson agreed to leave his job as chairman of the powerful Wall Street investment bank, Goldman Sachs to go to Washington as Treasury Secretary in 2006 he demanded extraordinary powers as de facto economic czar. He’s done a bang-up job, don’t you think.

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom... August 4, 2008

Richard Viguerie: Bush White House Hides True Scope of Federal Deficit August 4, 2008 Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion
Depression is Inevitable Now August 4, 2008
Home prices drop by record 15.8% in May...

Evidence of the US Banking System Teetering on the Brink of Collapse August 4, 2008

The Dow Priced in Ounces of Gold: Secular Bear Market Since '99
by Kirk Lindstrom from Seeking Alpha
Neocons Pressured FBI to Blame al-Qaeda for Anthrax Attacks
A second, far larger wave of U.S. mortgage defaults is building
Big hyperinflation (they’re printing worthles dollars like mad) sinks spending
Royal Bank of Scotland poised for biggest loss in UK banking history
‘EURANIUM’: The Weaponized Fiat Currency
El-Erian: Buy more foreign stocks Even in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam.

BOOK BOMB: FIRST FEMALE SPEAKER CHARTS #1,247 ON AMAZON SALES…which represents a modicum of hope in light of poor showing...
IMF predicts no end in sight to credit crisis Radio Australia | The IMF has a particularly gloomy assessment of the US economy.

More Arrows Seen Pointing to a Depression The American economy expanded more slowly than expected from April to June, the government reported Thursday, while numbers for the last three months of 2007 were revised downward to show a contraction — the first official slide backward since the last recession in 2001.

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

Bush the incompetent, war criminal, budget buster (with substantial congressional help) Calls for New Highway Tolls, More Private Funding of Roads
Dennis Kucinich Responds to Nancy Pelosi's Statements - Re: Impeachment WARNING: Pelosi's obfuscation may cause projectile vomiting! Put on a wetsuit!

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Get Outraged And Get Active About Internet Censorship August 5, 2008 Paul Joseph Watson and Kurt Nimmo | New contest gives you the chance to educate millions about the growing threat to freedom of speech on the web which is the only place people can get reality/truth in this age of decline/dumbing down.

Law Professor: Counter Terrorism Czar Told Me There Is Going To Be An i-9/11 And An i-Patriot Act Steve Watson | Amazing revelations have emerged concerning already existing government plans to overhaul the way the internet functions.

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Real State of the US Economy August 5, 2008 When Henry Paulson agreed to leave his job as chairman of the powerful Wall Street investment bank, Goldman Sachs to go to Washington as Treasury Secretary in 2006 he demanded extraordinary powers as de facto economic czar. He’s done a bang-up job, don’t you think.

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

Richard Viguerie: Bush White House Hides True Scope of Federal Deficit August 5, 2008 Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion
Depression is Inevitable Now August 5, 2008
Home prices drop by record 15.8% in May...

Evidence of the US Banking System Teetering on the Brink of Collapse August 5, 2008

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals... August 6, 2008
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Get Outraged And Get Active About Internet Censorship August 6, 2008 Paul Joseph Watson and Kurt Nimmo | New contest gives you the chance to educate millions about the growing threat to freedom of speech on the web which is the only place people can get reality/truth in this age of decline/dumbing down.

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

The Real State of the US Economy When Henry Paulson agreed to leave his job as chairman of the powerful Wall Street investment bank, Goldman Sachs to go to Washington as Treasury Secretary in 2006 he demanded extraordinary powers as de facto economic czar. He’s done a bang-up job, don’t you think.

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

Richard Viguerie: Bush White House Hides True Scope of Federal Deficit August 6, 2008 Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion
Depression is Inevitable Now August 6, 2008
Home prices drop by record 15.8% in May...

Evidence of the US Banking System Teetering on the Brink of Collapse August 6, 2008
The Cheney Doctrine Counterpunch | Some are in denial and disbelief over an all too real report by Seymour Hersh that Dick the sick Cheney had discussed the idea of having some Navy Seals dress up as Iranians, and then fake an attack.

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART...

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

Trillions Lost in Recent Economic Failures August 7, 2008 Bob Chapman | The credit-crunch is getting worse instead of better, as is the real estate-subprime debacle which will soon morph into the Option ARM debacle.

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs August 7, 2008

Get Outraged And Get Active About Internet Censorship Paul Joseph Watson and Kurt Nimmo | New contest gives you the chance to educate millions about the growing threat to freedom of speech on the web which is the only place people can get reality/truth in this age of decline/dumbing down.

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

Richard Viguerie: Bush White House Hides True Scope of Federal Deficit August 7, 2008 Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion
Depression is Inevitable Now August 7, 2008
Home prices drop by record 15.8% in May...

Evidence of the US Banking System Teetering on the Brink of Collapse August 7, 2008
The Cheney Doctrine Counterpunch | Some are in denial and disbelief over an all too real report by Seymour Hersh that Dick the sick Cheney had discussed the idea of having some Navy Seals dress up as Iranians, and then fake an attack.

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

U.S. Attacks Russia Through Client State Georgia August 8, 2008

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican August 8, 2008

Trillions Lost in Recent Economic Failures Bob Chapman | The credit-crunch is getting worse instead of better, as is the real estate-subprime debacle which will soon morph into the Option ARM debacle.

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs August 8, 2008

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

Richard Viguerie: Bush White House Hides True Scope of Federal Deficit August 8, 2008 Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion
Depression is Inevitable Now August 8, 2008

Evidence of the US Banking System Teetering on the Brink of Collapse
Home prices drop by record 15.8% in May...
The Cheney Doctrine Counterpunch | Some are in denial and disbelief over an all too real report by Seymour Hersh that Dick the sick Cheney had discussed the idea of having some Navy Seals dress up as Iranians, and then fake an attack.

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican August 11, 2008

Fannie Mae posts another huge loss
america is sinking fast
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Civilian Genocide, Dead Americans Cost Of U.S.-Russia Proxy War August 11, 2008 The truth behind who is primarily responsible for the bloodshed unfolding in South Ossetia and surrounding areas has been buried by the western corporate media. Georgian forces, with a green light from NATO and the support of American and Ukrainian mercenaries, launched a brutal attack targeting civilians and Russian peacekeepers timed to coincide with the opening of the Beijing Olympics so as to temporarily deflect attention before the inevitable Russian response, by which time the global media machine kicked into high gear to smear Russia as the villains of the entire piece.

War criminals bush/cheney/america have no credibility vis-à-vis Russia especially since U.S. Attacked Russia Through Client State Georgia Indeed, Russia need only invoke the bush/cheney/israeli/american doctrine of preemptive war which has been tacitly and overtly endorsed worldwide even when tenuous premises are used to buttress same and even when proven blatantly and knowingly false.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

American Mercenary Captured By Russians An American mercenary has been captured by Russian forces along with a number of Georgian soldiers according to a report from the Russian news website Izvestia, providing more evidence that the U.S. and NATO are covertly supporting the Georgian army in a proxy war with Russia.

Did the U.S. Prep Georgia for War with Russia? Georgia and Russia are careening towards war. And the U.S. isn't exactly a detached observer in the fight. The American military has been training and equipping Georgian troops for years.

US hampering Russian peace efforts – Putin The Prime Minister has accused Washington of undermining Russia’s attempts to restore peace in the South Ossetian conflict zone. Vladimir Putin said a decision by the US military to fly 800 Georgian soldiers from Iraq to Georgia showed America was ‘trying to get in the way’.

American Mercenary Captured By Russians cia and mercenaries, americans/israelis stoking flames of war…Paul Joseph Watson | NATO instructor taken hostage with Georgians amid reports of U.S. military commanding thousands of mercs in proxy war.

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

China to overtake USA as largest manufacturer... August 11, 2008

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

Richard Viguerie: Bush White House Hides True Scope of Federal Deficit August 11, 2008 Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion
Depression is Inevitable Now August 11, 2008

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

LINES FOR CASH IN CALIFORNIA...WHICH BANK NEXT?
Government which is broke (also technically insolvent) as the Big Lender...
'Unmitigated Disaster'... PAPER: 150 banks nationwide could potentially fail over next year... GM readies new round of job cuts, restructuring...

Russia orders halt to war, U.S. cancels exercise August 12, 2008

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

The BBC is deliberately distorting the News from the Georgia Region Chimes of Freedom | While the Ossetians claimed over 1000 dead the BBC neither reported this or any newsreel coming out of Ossetia showing the destruction caused by the Georgian shelling of the breakaway republic.

U.S. Arms Cache Found in Kyrgyzstan Kommersant | Observers are both pointing out reasons to be alarmed at the incident and reasoning that the United States has little reason to create a provocation in Kyrgyzstan but rationality is not the test and doesn’t rule out the bloodthirsty war criminal acts of american criminals.

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Attacks damaged or destroyed 70% of buildings - Tskhinvali mayor Around 70% of buildings in Tskhinvali, the capital of South Ossetia, have been damaged or destroyed since Georgia attacked the republic early last Friday, the city's mayor said on Tuesday.

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

Israel and the US behind the Georgian aggression. What else is new in the world? There is an obvious Israeli involvement in the present conflict between Georgia and Russia. There are hundreds of Israeli military advisers in Georgia and this is not just the claim of the rather unreliable DebkaFile but also the more respected Ha'aretz expert Yossi Melman, the daily Ma'ariv and also the rather reliable website "News First Class" (NFC).

Civilian Genocide, Dead Americans Cost Of U.S.-Russia Proxy War The truth behind who is primarily responsible for the bloodshed unfolding in South Ossetia and surrounding areas has been buried by the western corporate media. Georgian forces, with a green light from NATO and the support of American and Ukrainian mercenaries, launched a brutal attack targeting civilians and Russian peacekeepers timed to coincide with the opening of the Beijing Olympics so as to temporarily deflect attention before the inevitable Russian response, by which time the global media machine kicked into high gear to smear Russia as the villains of the entire piece.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican August 12, 2008

Fannie Mae posts another huge loss
america is sinking fast
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

China to overtake USA as largest manufacturer... August 12, 2008

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

Richard Viguerie: Bush White House Hides True Scope of Federal Deficit August 12, 2008 Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion
DEPRESSION IS INEVITABLE NOW August 12, 2008

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Russia accuses Georgia of plotting armed attack against Abkhazia August 13, 2008

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Russia had no choice but counterattack in S.Ossetia - Gorbachev Former Soviet leader Mikhail Gorbachev said Russia had no choice but to launch a counterattack to Georgia's offensive in breakaway South Ossetia, but it is still possible to find a political solution to the crisis.

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Using Georgia to Target Russia Stephen Lendman | Welcome to the new wasteful Cold War and new Great Scam to fleece/fraud through continued/higher wasteful budgets/spending for same, what a new administration will inherit next year.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

LA Times: A classic example of Disinformation The opinion piece in the online version of the Los Angeles Times (2008.08.12) is a clear and classic example of the type of material western readers are being bombarded with in what appears to be an orchestrated campaign of disinformation to shape public opinion against Russia. As was the case in Iraq, the Western public is being duped by what amounts to a perverse act of manipulation... and is guzzling the bait hook, line and sinker.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican August 13, 2008

Fannie Mae posts another huge loss
america is sinking fast

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

China to overtake USA as largest manufacturer... August 13, 2008

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

US refuses Israel arms to attack Iran N-sites JERUSALEM: The United States in a rare lucid rational moment wisely turned down Israeli requests for military hardware to help it prepare for an attack on Iranian nuclear facilities, a front-page report in Israel’s Haaretz newspaper...

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

Richard Viguerie: Bush White House Hides True Scope of Federal Deficit August 13, 2008 Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion
DEPRESSION IS INEVITABLE NOW August 13, 2008

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

For instance, it was widely reported that several Israeli’s had been detained after recording the first plane strike and then celebrating the attacks. As the investigation began to widen, it was revealed that these detainees were part of a larger network of Intelligence operatives within the United States.

This network was shielded from any attempts at a serious investigation and the discussion of Israeli spying was considered taboo within agency circles. Yet the Israeli spy network had not only targeted, but penetrated a multitude of government offices– including the F.B.I., the C.I.A., the Secret Service, and many, many others.

Evidence even points to the fact that this same ring of people were in possession of Top Secret Military codes possessed only be key members of the continuity of government– raising the question: who were the real terrorists on 9/11?

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Russia accuses Georgia of plotting armed attack against Abkhazia August 14, 2008

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Contractors reap 85 bln dlrs from Iraq war: US report
Hair Samples in Anthrax Case Don't Match Clearly, Bruce Ivins was framed, killed (while in custody) like so many other microbiologists CIA Had Killer Anthrax

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

This War Has Been Approved By Your Government We Americans got a graphic illustration of the demise of any independent American corporate news media these past few days as the coverage on TV and in print was saturated with reports about John Edwards’ infidelity and, equally important, Russia’s invasion of Georgia.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

McCain: Worse than you think He's despised by fellow Vets, especially fellow POWs, not only for cooperating with the enemy, but also for blocking every effort to make sure all American POWs were returned after the war.

Moral of the story (despite their lies to the contrary) - never invite criminal hillbillies like the clintons to a democratic party (or garden parties either) Clinton's name to be presented to convention Reuters Video: Hillary's Last Stand

obama suddenly sounding more republican like hillaryous Clinton, bomb this/that for greater Israel
Same As the Old Boss: Both McCain and Obama’s Advisors Want War in Georgia
McCain Adviser Was Lobbyist for Georgia

Is there some parallel universe where gates says there must be consequences for Russia’s defense of ethnic Russians in Ossetia under attack/killed by u.s./israeli puppet shockvilli/Georgia but not for u.s. war crimes in/illegal invasion of Iraq AND WAR CRIMINAL BUSH REFERS TO RUSSIAN DEFENSE AND RESISTANCE TO AMERICAN/ISRAELI/GEORGIAN INCURSION/KILLINGS AS BULLYING (NOTE GRANADA, IRAQ, ETC., AMONG AMERICAN MARKS).

What a desperate, meaningfully lawless, and failed nation in decline america most assuredly is!

Key US witness will not testify again in Olmert case: ministry (AFP)
Lawyers to US witness against Olmert: Stay home (AP) (the bribe’s been paid) - Lawyers for an American businessman have recommended he refuse to testify again before an Israeli court in a corruption case against Prime Minister Ehud Olmert, according to a letter released Thu...

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican August 14, 2008

Fannie Mae posts another huge loss
america is sinking fast

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

China to overtake USA as largest manufacturer... August 14, 2008

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

Richard Viguerie: Bush White House Hides True Scope of Federal Deficit August 14, 2008 Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion
DEPRESSION IS INEVITABLE NOW August 14, 2008

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Bracing for Inflation August 15, 2008 BusinessWeek - by John K. Castle Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009.
Living Costs Rising Fast, and Wages Are Trailing New York Times
US inflation at highest since 1991 Financial Times

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russians 'Seize US Weapons Depot' August 15, 2008 Russia claims to have seized a large depot of US-made arms near the Georgian town of Senaki, as the US Secretary of State flies to Tiblisi for urgent talks to try to bring the conflict with Russia to an end.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Neocons Up Nuclear War Ante with Poland Missile Deal Kurt Nimmo | It should be obvious by now the Russians will no longer tolerate the U.S. deploying missile “defense” systems on their border.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

john mccain and the mob – cover-up

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican August 15, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

China to overtake USA as largest manufacturer... August 15, 2008

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW August 15, 2008 Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed August 18, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Housing starts expected to head lower again MarketWatch - By Rex Nutting, MarketWatch WASHINGTON (MarketWatch) -- The economic news in the coming week will probably confirm just what you'd expect: higher prices, weaker home building and a Federal Reserve that's stuck in a tricky position.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

Bracing for Inflation BusinessWeek - by John K. Castle Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009.
Living Costs Rising Fast, and Wages Are Trailing New York Times
US inflation at highest since 1991 Financial Times

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks August 18, 2008

Neocon Crybabies Steven LaTulippe | Given recent history, the rest of the world must be watching Washington’s anti-Russian hissy fit with slack-jawed disbelief in light of america’s war crimes.

Missile Defense: Washington and Poland just moved the World closer to War F. William Engdahl | Russian officials said Moscow could deploy its Iskander tactical missiles and strategic bombers in Belarus and Russia’s westernmost exclave of Kaliningrad if Washington succeeded in its missile shield plans in Europe.

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Condoleezza Rice: Russia playing 'dangerous game' What has she been smoking/drinking/popping…..Ah eureka, the same as bush since everyone knows they were playing the safe game of war crimes in Iraq’

Russians 'Seize US Weapons Depot' Russia claims to have seized a large depot of US-made arms near the Georgian town of Senaki, as the US Secretary of State flies to Tiblisi for urgent talks to try to bring the conflict with Russia to an end.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israeli gunships fire at fishing boats Israel's naval gunships opened fire yesterday at fishing boats near Rafah shores in southern Gaza Strip, witnesses said. Palestine-Israel, Politics, 8/11/2008

EU: Israel's decision for more settlements undermines peace The construction of settlements anywhere in the Occupied Palestinian territories, including East Jerusalem is illegal under international law, the French EU Presidency statement read. Palestine-Israel-European Union, Politics, 8/11/2008

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican August 18, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

China to overtake USA as largest manufacturer... August 18, 2008

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW August 18, 2008 Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Are You Ready For Nuclear War? August 19, 2008 Paul Craig Roberts | In order to keep the billions of dollars in profits flowing to its contributors in the US military-security complex, the Bush Regime has rekindled the cold war.

Crisis in the Caucasus. What Were/Are They Smoking in the White House? Eric Margolis | The U.S.’s most important foreign policy concern is keeping correct relations with Russia, which has thousands of nuclear warheads pointed at North America.

Russia's Georgia Campaign and the Expansion of NATO Many are drawing analogies between the U.S.-led attack on Yugoslavia in 1999 and the Russian attack on Georgia earlier this month. Most, including Russian officials, do so to highlight the hypocrisy of Washington’s criticism of Russia’s action.

NSA Security Officer: We Should Just Kill Troublesome Bloggers OpEd News | Wayne Madsen claims to have an executive level NSA staff person on record saying that significant sentiment exists within the NSA to kill troublesome bloggers and journalists.

News crew crashes Denver’s DNC concentration camp Stephen C. Webster | Police are preparing what a local political organizer calls a ‘concentration camp,’ laying in wait for mass arrests anticipated during the upcoming Democratic National Convention.

‘Peacekeepers to stay’ in Georgia SBS | Russia plans to deploy a peacekeeping force like those of the u.s. abroad/Iraq, etc., of unspecified size that will protect those targeted by u.s/israel/georgia.

Large U.S. bank collapse seen ahead August 19, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.
The Strong Dollar Illusion Economists who now see American troubles spreading around the world are predicting that foreign central banks will ignore the gathering inflation threat and follow the Fed down the rate cutting path. Similarly, they argue that since the downturn began here, the U.S. recovery will likely be underway while the rest of world is still decelerating. These assumptions have prompted a rally in the dollar, a sell-off in gold, commodities and foreign stocks, and have cast doubts on the ability of foreign economies to “decouple” from the United States. Investors should not take the bait. America does indeed pose a global threat, but not for the reasons these economists suppose. Foreign economies are suffering not because Americans have slowed their voracious spending, but because they are defaulting on hundreds of billions of dollars of existing loans underwritten by lenders around the world.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed August 19, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican August 19, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW August 19, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Are You Ready For Nuclear War? August 20, 2008 Paul Craig Roberts | In order to keep the billions of dollars in profits flowing to its contributors in the US military-security complex, the Bush Regime has rekindled the cold war.

NSA Security Officer: We Should Just Kill These People Richard Volaar | Wayne Madsen has an executive level NSA staff person on record saying that significant sentiment exists within the NSA to kill troublesome bloggers and journalists. Journalist says U.S. target was Al-Jazeera

Advisor to FBI in Anthrax Investigation Says Attack Was False Flag Terror George Washington’s Blog | Francis Boyle is convinced the October 2001 anthrax attacks that killed five people were perpetrated and covered up by criminal elements of the U.S. government.

Keith Olbermann Needs to Take Obama to Task for His FISA Betrayal Kurt Nimmo | Keith excoriates Bush and the neocons while saying Obama will be saddled with the yoke of the surveillance state.

Condoleeza Rice and the insult to international diplomacy In the equation which makes up the odious, criminal and murderous Bush regime and its murderous, criminal and odious foreign policy, the constant factor is constituted by a teacher, promoted to positions way above her personal and intellectual station by a gullible fool/war criminal of a President

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Large U.S. bank collapse seen ahead August 20, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Fannie, Freddie Slump on Concern Treasury Bailout Is Inevitable
The Strong Dollar Illusion Economists who now see American troubles spreading around the world are predicting that foreign central banks will ignore the gathering inflation threat and follow the Fed down the rate cutting path. Similarly, they argue that since the downturn began here, the U.S. recovery will likely be underway while the rest of world is still decelerating. These assumptions have prompted a rally in the dollar, a sell-off in gold, commodities and foreign stocks, and have cast doubts on the ability of foreign economies to “decouple” from the United States. Investors should not take the bait. America does indeed pose a global threat, but not for the reasons these economists suppose. Foreign economies are suffering not because Americans have slowed their voracious spending, but because they are defaulting on hundreds of billions of dollars of existing loans underwritten by lenders around the world.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed August 20, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican August 20, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW August 20, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Pentagon can’t find $2.3 trillion August 21, 2008 Paul B. Farrell | America’s economy is a war economy. Not a “manufacturing” economy. Not an “agricultural” economy. Nor a “service” economy. Not even a “consumer” economy. Yes, america’s Outrageous War Economy.

Are You Ready For Nuclear War? Paul Craig Roberts | In order to keep the billions of dollars in profits flowing to its contributors in the US military-security complex, the Bush Regime has rekindled the cold war.

Russia Checkmates the Neocons Kurt Nimmo | Due to Russia’s presence in Georgia and its renewed military relationship with Syria, the neocon plan to confront Iran and encircle Russia has encountered a speed bump.

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

Oil jumps $5 on US-Russia tensions, sliding dollar

Jim Cramer Goes Off On Everybody You Tube | Cramer calls out what he regarded to be fraudulent destruction of Freddy and Fannie, and directly implies that our economy is being illegally manipulated by insiders.

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Paul B. Farrell ARROYO GRANDE, Calif. (MarketWatch) — Yes, America’s economy is a war economy. Not a “manufacturing” economy. Not an “agricultural” economy. Nor a “service” economy. Not even a “consumer” economy.

Seriously, I looked into your eyes, America, saw deep into your soul. So let’s get honest and officially call it “America’s Outrageous War Economy.” Admit it: we secretly love our war economy. And that’s the answer to Jim Grant’s thought-provoking question last month in the Wall Street Journal — “Why No Outrage?”

There really is only one answer: Deep inside we love war. We want war. Need it. Relish it. Thrive on war. War is in our genes, deep in our DNA. War excites our economic brain. War drives our entrepreneurial spirit. War thrills the American soul. Oh just admit it, we have a love affair with war. We love “America’s Outrageous War Economy.”....

Highest crime rates in the world; war criminals; frauds; americans are inherently criminal in nature/genetically predisposed to criminal acts accross a broad spectrum [by way of somewhat imperfect analogy to describe this reality, somewhat akin to adverse selection (insurance term)].

Large U.S. bank collapse seen ahead August 21, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed August 21, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican August 21, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW August 21, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Pentagon can’t find $2.3 trillion August 22, 2008 Paul B. Farrell | America’s economy is a war economy. Not a “manufacturing” economy. Not an “agricultural” economy. Nor a “service” economy. Not even a “consumer” economy. Yes, america’s Outrageous War Economy.

Documents reveal PR push for Iraq war preceded intel findings

US concedes Kremlin’s first military response in Georgia was “legitimate” The US ambassador to Moscow, endorsing Russia's initial moves in Georgia, described the Kremlin's first military response as legitimate after Russian troops came under attack.

Russia Lays to Rest Papa Bush’s New World Order

NIST WTC 7 Report: Shameful, Embarrassing And Completely Flawed Paul Joseph Watson | NIST fails to address why ground zero workers and media outlets had prior knowledge of an “extraordinary event” never before observed an hour in advance, plus myriad of other ignored issues.

And None Dare Call It Treason—McCain Advisor’s Georgia Connection Patrick J. Buchanan | Randy Scheunemann is the principal foreign policy adviser to John McCain and potential successor to Henry Kissinger and Zbigniew Brzezinski as national security adviser to the president of the United States.

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Large U.S. bank collapse seen ahead August 22, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed August 22, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican August 22, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Pentagon can’t find $2.3 trillion August 25, 2008 Paul B. Farrell | America’s economy is a war economy. Not a “manufacturing” economy. Not an “agricultural” economy. Nor a “service” economy. Not even a “consumer” economy. Yes, america’s Outrageous War Economy.

Iranian President Mahmoud Ahmadinejad renewed his verbal attacks on arch-foe Israel on Saturday, accusing it of dragging the world into turmoil and predicting its demise. "About 2,000 organised Zionists and 7,000 to 8,000 agents of Zionism have dragged the world into turmoil," Ahmadinejad told a rally in the central Iranian city of Arak carried live on state television. He said that if the West does not restrain Zionism, "the powerful hand of the nations will clean these sources of corruption from the face of the earth," without specifying which nations.

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed
Obama’s choice fills CV gap

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Ex-BOE Official Slams Fed, Sparking Hottest Jackson Hole Debate By John Fraher and Scott Lanman -- Former Bank of England policy maker Willem Buiter sparked the biggest debate at the Federal Reserve's annual mountainside symposium, saying the central bank pays too much heed to the concerns of financial institutions. ‘The Fed listens to Wall Street and believes what it hears,’ Buiter said yesterday in a paper presented to the Fed's conference in Jackson Hole, Wyoming. ``This distortion into a partial and often highly distorted perception of reality is unhealthy and dangerous.'' ... [OF COURSE BUITER IS CORRECT!] Wall Street bailout aid questioned at Fed event (AP)
Feds close bank in Kansas; ninth collapse this year...

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Large U.S. bank collapse seen ahead August 25, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed August 25, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican August 25, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW August 25, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

FDIC's Problem Banks List Balloons (at TheStreet.com) August 26, 2008
FDIC: 117 troubled banks... Problem List...
U.S. food prices to post biggest rise since ‘90

Pentagon can’t find $2.3 trillion Paul B. Farrell | America’s economy is a war economy. Not a “manufacturing” economy. Not an “agricultural” economy. Nor a “service” economy. Not even a “consumer” economy. Yes, america’s Outrageous War Economy.

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Large U.S. bank collapse seen ahead August 26, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed August 26, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican August 26, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW August 26, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

The Real Rate of Inflation is 13% August 27, 2008 According to the method of actually looking at real prices instead of the “qualified estimates,” you will see that annual inflation in consumer prices is actually running at over 13%.

Nuclear Armaggedon: Jason Bermas Interviews Paul Craig Roberts Infowars | If we don’t stop the insane neocons now, they will launch a nuclear war with Russia and end all life on the planet, warns Roberts.
FDIC may borrow money from Treasury Reuters | FDIC might have to borrow money from the Treasury Department to see it through an expected wave of bank failures.

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...
U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Large U.S. bank collapse seen ahead August 27, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed August 27, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican August 27, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW August 27, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

The United States of America is the Next Argentina August 28, 2008 Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

The Real Rate of Inflation is 13% According to the method of actually looking at real prices instead of the “qualified estimates,” you will see that annual inflation in consumer prices is actually running at over 13%.

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. Economy: Can’t believe that Growth Faster Than Initially Estimated on Exports The U.S. economy was falsely election-year reported to have expanded faster than previously estimated in the second quarter, helped by a weak dollar/surge in exports that will wane as Europe and Japan head toward recessions.

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Large U.S. bank collapse seen ahead August 28, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed August 28, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican August 28, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW August 28, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

The United States of America is the Next Argentina August 29, 2008 Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russia may cut off oil flow to the West London Telegraph | Fears are mounting that Russia may restrict oil deliveries to Western Europe over coming days, in response to the threat of EU sanctions and Nato naval actions in the Black Sea.

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapse seen ahead August 29, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed August 29, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican August 29, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW August 29, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

The United States of America is the Next Argentina September 2, 2008 Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

IT'S FRIDAY... ANOTHER BANK FAILSIntegrity Bank Becomes 10th U.S. Failure This Year (Update2) By Alison Vekshin and Ari LevyAug. 29 (Bloomberg) -- Integrity Bank of Alpharetta, Georgia, was closed by U.S. regulators today, the 10th bank to collapse this year amid a surge in soured real-estate loans stemming from the worst housing slump since the Great Depression. Wall Street enters month of peril with outlook clouded...

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

Feds: hurricane sparks shut-in of 96% of Gulf oil output

After “macho-man” dumb rusky putin’s widely photographed/publicized killing of a tiger, we now await photo-film image of putin lying prone with Rita Moreno/Carnal Knowledgeable/type accepting his hundred ruble bill while telling him he’s a real man and imploring his elusive erection. Strictly a totalitarian third worlder at best who longs for the failed ideologies viz., totalitarian communism, he was brain-washed into accepting/promoting in the past. Don’t forget, this is the same scurrilous putin who was behind the murder of the future of Russia in the persona of General Alexander Lebed.
Kremlin announces that South Ossetia will join 'one united Russian state'...
GUSTAV PICKS UP STRENGTH AS IT PASSES OVER CARIBBEAN... WIDE STORM... GUSTAV TRACK... MODELS... WIND MAP... SATELLITE... 'EXTREME DANGER'... HANNA TRACK...
Feds Can Bar Mad Cow Tests: Court The U.S. government has the authority to bar meat companies from testing their animals for mad cow disease, a federal appeals court has ruled.The Department of Agriculture's failure to test more than a fraction of cows for the brain-wasting disease prompted one meat company to announce that it would test all of its bovines, the Associated Press reported.But the government turned thumbs down on that request, from Kansas meat producer Creekstone Farms. Bigger meat packers feared the move would force them to employ the costly test on all of their cows, as well, the wire service said.The U.S. Court of Appeals for the District of Columbia, in overturning a lower court ruling, upheld the government's right to prevent Creekstone from testing its cows, the AP said.

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

Putin who now is losing credibility fast warns against NATO navy boost made necessary by his own words and actions; he’s used to foes who carry no weapons at all (ie., that Tiger the ‘macho macho man’ recently shot is an example) and by his actions makes the case for shields and stepped up offensive capabilities as a deterrent to razputin. It’s time for this persistent obstacle to Russia’s future [the murder of General Alexander Lebed, brainwashed longing for failed ideologies of the past (ie., communism, etc.)] to get lost .

Razzie putin leads Russia down a dark path and it’s time for him to go! Indeed, so reminiscent is he of that other big game hunter and real man and novelist, Ernest Hemingway (who was in reality impotent and committed suicide) that he might consider a career as a novelist. FOR WHOM THE BELL TOLLS, RAZZIE PUTIN; IT TOLLS FOR THEE.

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapse seen ahead September 2, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 2, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 2, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 2, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

The United States of America is the Next Argentina September 3, 2008 Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Josef Stalin acted rationally in killing millions, claims Russian textbook
Kremlin announces that South Ossetia will join 'one united Russian state'...
GUSTAV PICKS UP STRENGTH AS IT PASSES OVER CARIBBEAN... WIDE STORM... GUSTAV TRACK... MODELS... WIND MAP... SATELLITE... 'EXTREME DANGER'... HANNA TRACK...
Feds Can Bar Mad Cow Tests: Court The U.S. government has the authority to bar meat companies from testing their animals for mad cow disease, a federal appeals court has ruled.The Department of Agriculture's failure to test more than a fraction of cows for the brain-wasting disease prompted one meat company to announce that it would test all of its bovines, the Associated Press reported.But the government turned thumbs down on that request, from Kansas meat producer Creekstone Farms. Bigger meat packers feared the move would force them to employ the costly test on all of their cows, as well, the wire service said.The U.S. Court of Appeals for the District of Columbia, in overturning a lower court ruling, upheld the government's right to prevent Creekstone from testing its cows, the AP said.

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapse seen ahead September 3, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 3, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 3, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 3, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

The United States of America is the Next Argentina September 4, 2008 Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Thai government censors Internet for national oppression/suppression not security'

Trying to Avoid Pain, Americans Have Only Delayed the Invevitable and Allowed the Cancer to Spread I understand that people are afraid to face the fact that 9/11 and the anthrax attacks were inside jobs, because that would be painful.

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapse seen ahead September 4, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 4, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 4, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 4, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

The United States of America is the Next Argentina September 5, 2008 Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

US to take control of mortgage giants: reports Reuters - WASHINGTON (Reuters) - The US government plans to put troubled mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported on Friday.
Questions, and Hope, on Plans for Mortgage Giants New York Times
Paulson Meets With Bernanke, Fannie, Freddie Chiefs (Update2)

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Bobcats claim foreclosed house in Southern California...The foreclosure market is getting wild in Lake Elsinore: "Taking advantage of a slump in local real estate, a family of bobcats has moved into a foreclosed Lake Elsinore home, lolling about on fences and walls and riveting an entire neighborhood."

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapse seen ahead September 5, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 5, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 5, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 5, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

The United States of America is the Next Argentina September 8, 2008 Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents" A leading investor has denounced the government seizure of two of the nation's largest financial companies as "madness" and says the move will only serve to make the markets more volatile and see house prices continue to go down.

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapse seen ahead September 8, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 8, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 8, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 8, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

The United States of America is the Next Argentina September 9, 2008 Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapse seen ahead September 9, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 9, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 9, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 9, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

The United States of America is the Next Argentina September 10, 2008 Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Gonzo greenspan: His recession/depression Still '50 Percent or More' Likely
WASHINGTON MUTUAL TUMBLES 30% TO 17-YEAR LOW...
LEHMAN PLANS ASSET SALES...
PENNY STOCK: SIRIUSXM FALLS ON WARNING...Another bull joins the bears Commentary: Peter Eliades now says Dow could drop below 9,000
The birth of Wall Street's bailout culture…But the LTCM near-collapse and rescue set in motion Wall Street's unchecked rush to risk during the decade by signaling to the market that the government would ultimately come to the rescue…

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapse seen ahead September 10, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 10, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 10, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 10, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

The United States of America is the Next Argentina September 11, 2008 Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Problem, Reaction, Solution in Pakistan Kurt Nimmo | Sec. Def. Gates and the JCS declare the U.S. must kill more Pakistanis if CIA-ISI created terrorists in Afghanistan are to be defeated.

Olbermann: Bush Administration “Allowed 9/11 Attacks To Occur” Paul Joseph Watson | MSNBC host slams brand name of 9/11™ that has kept constitutional crooks in office, “sociological pornography” of exploiting 9/11 images during Republican convention.

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapse seen ahead September 11, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 11, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 11, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 11, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

The United States of America is the Next Argentina September 12, 2008 Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Editorial: Losing a war and a sincere ally ANOTHER US airstrike in Pakistan, the fifth since the beginning of the month. And there are going to be more.

Sarah Palin Talks Lightly About Nuclear War Moon of Alabama | The U.S. is officially attacking Pakistani citizens within Pakistan’s borders. Paul Joseph Watson | Family planning pioneer Marie Stopes advocated sterilization of non-whites & poor, sent love letters to Hitler; But respondents agree that most humans should be sterilized or killed

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

Cramer: ‘Dysfunctional’ Banking System Puts U.S. ‘Totally’ at Risk of ‘Great Depression No. 2′ Lew Rockwell | Our political economy is rife with such catastrophes in waiting, yet the public always seems startled, and outraged, when the day of reckoning can no longer be deferred.

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapse seen ahead September 12, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 12, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 12, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 12, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Rogers: Dollar To Lose World Reserve Status September 15, 2008

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Global realignment: How Bush inspired a new world order The series of unfortunate and costly decisions made during the two terms of the Bush administration, combined with economic decline at home, will devastate the US’s already diminished world standing much sooner than most analysts predict.
Editorial: Losing a war and a sincere ally ANOTHER US airstrike in Pakistan, the fifth since the beginning of the month. And there are going to be more.

NIGHTMARE ON WALL STREET: WHO'S NEXT?
Stocks Slide Most in Six Years... DOW DOWN 500+ POINTS... FDIC monitoring impact on insured banks... PUMP: Fed Injects $70 Billion of Reserves; Most Since 9/11... WASHINGTON MUTUAL Cut to Junk......

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

HELLSTORM IN HOUSTON... DEVASTATION... 4 MILLION WITHOUT POWER; COULD BE WEEKS... WINDOWS BLOWN-OUT D'TOWN... DETAILS... Commuter train, freight train collide in LA... 24 dead, 135 injured... Gas pushing $6 in Florida, elsewhere... Insurers brace for massive losses from Ike...

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

Lehman rescue fails, BofA buys Merrill for $44B (AP) A failed plan to rescue Lehman Brothers was followed Sunday by more seismic shocks from Wall Street, including a government-brokered takeover of Merrill Lynch by the Bank of America

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

SUNDAY[!]: One of the most dramatic days in Wall Street history...
LIQUIDATE: Banks, Brokerages Prepare for Possible LEHMAN Bankruptcy...
ON THE BRINK...
BARCLAYS Abandons Talks...
Feds Balk at putting up taxpayer money...
CEO hubris contributed to meltdown...
BANK OF AMERICA reaches deal to buy MERRILL LYNCH for $44B....

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

HELL IN HOUSTON: LIGHTS OUT, NO DRINKING WATER, CURFEW...
AFTERMATH...
Race against time to save trapped...
Evacuees face long stays in shelters...
Insurers brace for massive losses...
Galveston stunned...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapse seen ahead September 15, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 15, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 15, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 15, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Rogers: Dollar To Lose World Reserve Status September 16, 2008

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

US Economy: Rudderless and Reeling From Direct Hits Paul Craig Roberts | The current financial problems have pushed into the background the larger problems of the US budget and trade deficits.
Federal bank insurance fund dwindling Associated Press | Additional failures of large banks or savings and loans companies seem likely, and that could overwhelm the FDIC’s insurance fund.

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapse seen ahead September 16, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 16, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 16, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 16, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

NOBEL PRIZE WINNING ECONOMIST: CRISIS AS BAD AS GREAT DEPRESSION OR WORSE September 17, 2008
Rogers: Dollar To Lose World Reserve Status

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

Worst is yet to come, investment strategist warns (at MarketWatch) SAN FRANCISCO (MarketWatch) -- An influential investment strategist has a dire forecast for U.S. stocks, credit markets and the continued independence of some of the nation's top financial institutions. In the deteriorating climate he sees unfolding, Gundlach said, the Standard & Poor's 500 Index

(SPX: S&P 500 Index (SPX 1,156.39, -57.21, -4.7%) could fall another 30%, giant Citigroup (C) could become an "AIG-sized debacle," Morgan Stanley (MS) would merge with a banking company, Wachovia (WB)won't be able to stand alone, default rates on even prime mortgages could soar, and European banks' woes are just beginning…

Reid Says `No One Knows What to Do’ to Solve Crisis Two time Nobel-prize winner and former chief economist of the World Bank, Joseph Stiglitz has warned that the current financial crisis will continue for at least another eighteen months and in many ways represents a worse situation than the one faced by Americans during the great depression of the 1930s.
Gold Rises Most in 8 Years as Investors Seek Haven From Turmoil

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapse seen ahead September 17, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 17, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 17, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 17, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

NOBEL PRIZE WINNING ECONOMIST: CRISIS AS BAD AS GREAT DEPRESSION OR WORSE September 18, 2008
Rogers: Dollar To Lose World Reserve Status

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

FED ANNOUNCES $180B CASH FLOOD TO FIGHT CRISIS...
DER SPIEGEL: The foundations of US capitalism have shattered...
Democratic Congress May Adjourn, Leave Crisis to Fed, Treasury... Reid: 'No one knows what to do'...

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapse seen ahead September 18, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 18, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 18, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 18, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

NOBEL PRIZE WINNING ECONOMIST: CRISIS AS BAD AS GREAT DEPRESSION OR WORSE September 19, 2008
Rogers: Dollar To Lose World Reserve Status

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Radical bailout plan has a jawdropping and understated price tag (AP)

After the Rally "The important take-away from today is not Treasury Secretary Henry Paulson or Securities and Exchange Commission Chairman Christopher Cox" but that rallies are for selling, Jim Cramer told viewers. Cramer said the astonishing 779-point rally over the past two days can only mean one thing: sell. He advised viewers to spend this weekend evaluating their portfolios so that they are ready to sell their bad stocks on Monday and take profits in the winners. Cramer returned to a selling strategy he's used many times. He said to rank every stock in a portfolio from one to four.

1. The stocks you'd buy right now.

2. Those you'd buy on a pull-back.

3. Those you'd sell into strength.

4. The losers you need to sell right away.

After ranking all the stocks in your portfolio, Cramer advised selling 20% of your portfolio on Monday. He said that there should not be many stocks still ranked "one," after the huge rally the past two days….

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

China Blames Wall Street Meltdown On Fed Overissuance Of Currency China’s state media today reports on the real reason behind the Wall Street meltdown and a subject that the mainstream US media dare not mention - the Federal Reserve’s overissuance of currency .

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

The financial crisis is not over. Neither tax rebates nor low interest rates nor higher or lower exchange rates can do the job of reviving an economy that is burdened by insurmountably high debt loads.

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead September 19, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 19, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 19, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 19, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

NOBEL PRIZE WINNING ECONOMIST: CRISIS AS BAD AS GREAT DEPRESSION OR WORSE Financial terrorism: US taxpayers bail out Wall Street criminals Report confirms Israel’s nuclear arsenal September 22, 2008
Rogers: Dollar To Lose World Reserve Status

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

A Bailout to Nowhere The tremors come faster now. Candidate McCain mimics Herbert Hoover asserting that the economic “fundamentals” are sound, even as Wall Street asset Hank Paulson announces the latest lofting of US Treasury life preservers.

Washington, not just Wall Street, bankrupt: Obama

Financial terrorism: US taxpayers bail out Wall Street criminals In the weeks surrounding the anniversary of 9/11, the most terrifying attack on America’s soil, another attack on America’s citizenry is taking place: the systematic looting of the US Treasury to bail out American financial institutions.

Under Proposed Bailout, Feds Could Speculate, Nationalize Any Company or Industry, Or Do Anything Else They Want Using Taxpayer Money Just like Bush and Cheney have gotten us into oil wars and wars to protect Israel under the guise of being necessary to protect our national defense, Paulson and Bernanke could do anything they want by pretending it is for the stability of the financial markets, especially since no one could challenge their actions in court.

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. …

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

5. The stocks you'd buy right now.

6. Those you'd buy on a pull-back.

7. Those you'd sell into strength.

8. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Administration Is Seeking $700 Billion for Wall Street New York Times - By DAVID M. HERSZENHORN WASHINGTON - The Bush administration on Saturday formally proposed a vast bailout of financial institutions in the United States, requesting unfettered authority for the Treasury Department to buy up to $700 billion …in worthless, fraudulent, previously fraudulently commissioned over and over in different forms, collateralized “securities”; what a scam/fraud/fraudulent wealth transfer, like the ‘walk on the moon fraud’, savings and loan fraud, illegal Iraq war-profiteering/scam/fraud war, etc. ...

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

New world on Wall Street CNNMoney.com - By Tami Luhby, CNNMoney.com senior writer NEW YORK (CNNMoney.com) -- And then there were none. Federal regulators converted Wall Street's remaining stand-alone investment banks - Goldman Sachs and Morgan Stanley - into bank holding companies Sunday ...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

Report confirms Israel’s nuclear arsenal The Sunday Times has revealed that an Israeli factory beneath the Negev desert is manufacturing thermo-nuclear weapons for atomic bombs.The secrets of the subterranean factory have been uncovered by The Sunday Times Insight team.

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Why Would “Terrorists” Want To Decapitate Anti-US Leadership In Pakistan? Paul Joseph Watson | Hotel bombing doesn’t make sense unless “Al-Qaeda” is working to advance Neo-Con political agenda.

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead September 22, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 22, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 22, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 22, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

NOBEL PRIZE WINNING ECONOMIST: CRISIS AS BAD AS GREAT DEPRESSION OR WORSE Financial terrorism: US taxpayers bail out Wall Street criminals Report confirms Israel’s nuclear arsenal September 23, 2008
Rogers: Dollar To Lose World Reserve Status

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.
Dirty Secret Of The Bailout: Thirty-Two Words That None Dare Utter ‘Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency’. In short, the so-called “mother of all bailouts,” which will transfer $700 billion taxpayer dollars to purchase the distressed assets of several failed financial institutions, will be conducted in a manner unchallengeable by courts and ungovernable by the People’s duly sworn representatives.

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Can you trust a Wall Street veteran with a Wall Street bailout? McClatchy Newspapers | Paulson was part of the Gold Rush that has brought the global financial system to the brink of collapse.

Taxpayers React with Anger at Wall Street Bailout

Only 28% Support Federal Bailout Plan Rasmussen | Most Americans are closely following news reports on the Bush Administration’s federal bailout plan for the country’s troubled economy, but just 28% support what has been proposed so far.

Top Economist Mishkin: Worse Than the Depression

The Fed is Making a Killing on Banking Crisis The Fed is creating this “money” out of thin air and using it to buy US Treasury Notes and Bonds. The Treasury (i.e. US taxpayers) are on the hook for these securities plus interest. In other words, The banksters are a trillion dollars richer thanks to this bail out.

Leave No Rapacious Twit Behind: Soft Landing for the Elite, Hard Cheese for Everybody Else For what is that basic plan: taking at least $700 billion of your money and giving it the same rapacious, ignorant twits — the financial terrorists — who have just blown a gargantuan crater in the global economy.

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

The Paulson-Bernanke Bank Bailout Plan Saturday’s $700 billion junk mortgage bailout is the largest and worst giveaway since a corrupt Congress gave land grants to the railroad barons a century and a half ago. If it goes through, it will shape the coming century by giving finance unprecedented power over debtors – homebuyers, industry, state and local government, and the federal government as well.

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

Experts See a Need for Punitive Action in Bailout New York Times - By PETER S. GOODMAN As economists puzzle over the proposed details of what may be the biggest financial bailout in American history, the initial skepticism that greeted its unveiling has only deepened.
The Hanky Panky Paulson Sale Wall Street Frauds’ Journal
I Come to You, Cashmere Hat in Hand . . . Washington Post

FBI Investigates Four Firms at Heart of the Mess

Why Bailouts Won’t Keep the System From Freezing Up We already know that Wall Street firms have used fed cash to speculate or to buy failing competitors. As the economic crash gets worse, they may just park it in treasuries to try to save their own hides.

Grasping at Straws On Friday morning, Senator Christopher Dodd, the head of the Senate Banking Committee, was interviewed on ABC’s “Good Morning America.” Dodd revealed that just hours earlier at an emergency meeting convened by Secretary of the Treasury Henry Paulson and Federal Reserve chairman Ben Bernanke, lawmakers were told that “We’re literally maybe days away from a complete meltdown of our financial system.” Dodd added somberly, that in his three decades of serving in public office, he had “never heard language like this.”

Understanding the Crisis What caused this? It is a simple question, and yet answers are all over the map, as you might expect. Here’s mine in two words: fiat money. The word fiat means: out of nothing.

US generals planning for resource wars The US military sees the next 30 to 40 years as involving a state of continuous war against ideologically-motivated terrorists and competing with Russia and China for natural resources and markets, writes Tom Clonan

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

9. The stocks you'd buy right now.

10. Those you'd buy on a pull-back.

11. Those you'd sell into strength.

12. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

International Heroe Mordechai Vanunu israeli nuclear whistleblower's jail term reduced (AFP) AFP - An Israeli court on Tuesday halved a six-month sentence against nuclear whistleblower Mordechai Vanunu, who spent 18 years in jail for divulging Israeli nuclear secrets/program/weapons.

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead September 23, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 23, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 23, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 23, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

All news decisively negative as home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout by taxpayers; Motek’s expert/economist/investor/entertainer says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump and now the so-called supreme court (he should have gone to jail) justice] how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) and he further says let the ceo’s go and some of the failed institutions fail, and the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can.
Rogers: Dollar To Lose World Reserve Status

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

Predictions vs. Reality in Iraq Ron Paul | I was wrong about Iraq. I knew it would be bad. I didn’t know it would be this bad (I warned unequivocally against the Iraq debacle). Project Censored #1: Over one million Iraqi deaths caused by US occupation Project Censored | Over one million Iraqis have met violent deaths as a result of the 2003 invasion, according to a study conducted by the prestigious British polling group, Opinion Research Business (ORB), rivaling numbers of the Rwandan genocide.

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

Bailout of wall street frauds/criminals (let them pay) is financial equivalent of the Patriot Act Andrew Ross Sorkin | Treasury Secretary Henry Paulson Jr.’s $700 billion proposal to bail out Wall Street is the most amazing power grab in the history of the American economy.Paulson: Average American 'should be scared'...

U.S. Troops In Homeland “Crowd Control” Patrols From October 1st

Why is a U.S. Army brigade being assigned to the “Homeland”? Glenn Greenwald | For more than 100 years — since the end of the Civil War — deployment of the U.S. military inside the U.S. has been prohibited under The Posse Comitatus Act.

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

Buffet’s senility has been evinced. What a shame! “Mortgage Fraud”: The Paulson Bail-Out Plan As retrieved from the Washington Post and numerous other sources, a satirical e-mail frames the proposed $700 billion Wall Street bailout as a Nigerian 419 scam. The author is unknown. Goldman's shares get suspicious boost pre-Buffett

The Fed is Making a Killing on Banking Crisis The Fed is creating this “money” out of thin air and using it to buy US Treasury Notes and Bonds. The Treasury (i.e. US taxpayers) are on the hook for these securities plus interest. In other words, The banksters are a trillion dollars richer thanks to this bail out.

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

13. The stocks you'd buy right now.

14. Those you'd buy on a pull-back.

15. Those you'd sell into strength.

16. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead September 24, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 24, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 24, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 24, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

All news decisively negative as New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump and now the so-called supreme court (he should have gone to jail) justice] how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) and he further says let the ceo’s go and some of the failed institutions fail, and the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can.
Rogers: Dollar To Lose World Reserve Status

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Bush & McCain Blackmail America With Economic Terrorism Paul Joseph Watson | Ferocious fear-mongering rhetoric, possible cancellation of presidential election as financial terrorists threaten Americans with chaos unless power-grabbing bailout bill is passed.

Banking System Will Need Another $500 Billion or More: Gross Point Blank

A 700 Billion Bailout With No Review or Oversight Whatsoever Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

Lawmakers agree on framework of $700bn bailout Barbara Ferguson I Arab News WASHINGTON: Despite a cacophony of protests from American taxpayers, US lawmakers said yesterday they had reached an agreement on the fundamentals of a proposed $700 billion bailout of the frauds on wall street.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

U.S. Troops In Homeland “Crowd Control” Patrols From October 1st

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

17. The stocks you'd buy right now.

18. Those you'd buy on a pull-back.

19. Those you'd sell into strength.

20. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead September 25, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 25, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 25, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 25, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

NOBEL PRIZE WINNING ECONOMIST: CRISIS AS BAD AS GREAT DEPRESSION OR WORSE Financial terrorism: US taxpayers bail out Wall Street criminals Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Report confirms Israel’s nuclear arsenal September 26, 2008

WaMu becomes biggest bank to fail in US history (AP)

All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump and now the so-called supreme court (he should have gone to jail) justice] how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) and he further says let the ceo’s go and some of the failed institutions fail, and the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can.
Rogers: Dollar To Lose World Reserve Status

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

SEC ends program to oversee investment banks The U.S. Securities and Exchange Commission is ending its program to supervise large independent investment banks now that the five participants have collapsed or reorganized.

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

HSBC cutting 1,100 global banking and markets jobs

WaMu is largest U.S. bank failure (Reuters) Reuters - Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion.

Central banks dole out cash as bailout doubts grow

Pakistan warns US troops after exchange of fire

JPMORGAN to take over WASHINGTON MUTUAL deposits...
FDIC seizure...
...largest US bank failure

DOMINATE: GOOGLE founder accuses broadcasters of 'rigging' tests...
Dirty Secret Of The Bailout: Thirty-Two Words That None Dare Utter ‘Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency’. In short, the so-called “mother of all bailouts,” which will transfer $700 billion taxpayer dollars to purchase the distressed assets of several failed financial institutions, will be conducted in a manner unchallengeable by courts and ungovernable by the People’s duly sworn representatives.

Banking System Will Need Another $500 Billion or More: Gross Point Blank

A 700 Billion Bailout With No Review or Oversight Whatsoever Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

U.S. Troops In Homeland “Crowd Control” Patrols From October 1st

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

21. The stocks you'd buy right now.

22. Those you'd buy on a pull-back.

23. Those you'd sell into strength.

24. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead September 26, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed September 26, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 26, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 26, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Dem Congressman: 'We put thieves in jail, we don't bail them out'...
EYE OF THE STORM: House Republicans Blame Pelosi's Speech...
Pence: 'American people rejected this bailout and now Congress did likewise'...

One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.

A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies.

"Despite days of negotiating, this is still the same bailout bill, written by a Wall Street guy with a Wall Street solution to a problem created on Wall Street," said Rep. Mike Rogers, R-Mich. "This bill was still a blank check to Henry Paulson."

This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud.

Indeed, one wall street expert commented that assuming passage, at best, the frauds would have cheered their coup with a rally which would be short-lived owing to economic/financial fundamentals/reality.

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

Calls For New EU Financial Order Increase As Total Meltdown Becomes Likely With major European banks now failing, calls have increased for an entire restructuring of the financial system under a centralized EU supervisory body.

Congresswoman: Criminal Insiders Behind Bailout Bill Paul Joseph Watson | Rep. Kaptur: Normal legislative process has been shut down, high financial crimes committed, Republican Michael Burgess says “martial law” has been announced.

Rep. Burgess: Congress “under Martial Law” to pass banker bailout bill D. H. Williams | Burgess asks the Speaker of the House to post the bailout bill on the internet for at least 24 hours.

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'...Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST... WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump and now the so-called supreme court (he should have gone to jail) justice] how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) and he further says let the ceo’s go and some of the failed institutions fail, and the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can.

Sold to US taxpayers for $700B: banks' bad assets (AP)

Wall Street Bailout: Making a Deal With the Devil

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

Blacks, whites show prejudices along racial divide (AP)….."They can't blame the white man," he says of blacks. "Their own color sold them into slavery."…..
Gingrich: Paulson Should Resign... WARNING: STOCKS COULD LOSE 1/3... Officials close to paulson are privately painting a far bleaker portrait of the fragility of the global economy than that advanced by president george w bush in his televised address last week. One Republican said that the message from government officials is that “the economy is dropping into the john.” He added: “We could see falls of 3,000 or 4,000 points on the Dow [the New York market that currently trades at around 11,000]. That could happen in just a couple of days. “What’s being put around behind the scenes is that we’re looking at 1930s stuff. We’re looking at catastrophe, huge, amazing catastrophe. Everybody is extraordinarily scared. It’s going to be really, really nasty.” …..
CREDIT CRUNCH BANKER KILLS HIMSELF...

All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments. Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market, New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper0]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump and now the so-called supreme court (he should have gone to jail) justice] how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) and he further says let the ceo’s go and some of the failed institutions fail, and the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so great opportunity to sell/take profits while you still can.
Rogers: Dollar To Lose World Reserve Status

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

WaMu becomes biggest bank to fail in US history (AP)

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Pakistan warns US troops after exchange of fire

JPMORGAN to take over WASHINGTON MUTUAL deposits...
FDIC seizure... WaMu Files for Bankruptcy Following FDIC Seizure (Update2)Bloomberg - By Christopher Scinta and Tiffany Kary Sept. 27 (Bloomberg) -- Washington Mutual Inc., a holding company for the savings and loan that became the biggest US bank to fail, filed for bankruptcy protection along with its unit WMI Investment Corp. Government Seizes WaMu and Sells Some Assets New York Times ...largest US bank failure

Banking System Will Need Another $500 Billion or More: Gross Point Blank

A 700 Billion Bailout With No Review or Oversight Whatsoever Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

U.S. Troops In Homeland “Crowd Control” Patrols From October 1st

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

25. The stocks you'd buy right now.

26. Those you'd buy on a pull-back.

27. Those you'd sell into strength.

28. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 26, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

Congresswoman: Criminal Insiders Behind Bailout Bill Paul Joseph Watson | Rep. Kaptur: Normal legislative process has been shut down, high financial crimes committed, Republican Michael Burgess says “martial law” has been announced.

Rep. Burgess: Congress “under Martial Law” to pass banker bailout bill D. H. Williams | Burgess asks the Speaker of the House to post the bailout bill on the internet for at least 24 hours.

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'... Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST... WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Bailout marks Karl Marx’s comeback Martin Masse
National Post September 30, 2008 In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him…..

Olmert calls for Golan Heights pullout

`Western world will become significantly less wealthy...`
`WSJ: Congress Lives Up to Its 10% Approval Rating by reconsidering bailout of the criminal frauds in this paper’s namesakes wall street name...`
`Harvard economist: Bankruptcy is right answer...`

`PAPER: 'Bailout marks Karl Marx's comeback'...`
`Talk radio holds firm over 'socialist' bailout...`
`EU Bank rescues spread...`
`FDIC asks for temporary hike in $100,000 cap on insured deposits...`

Olmert says Israel must withdraw from West Bank for peace - LA Times
Palestine-Israel, Politics, 9/30/2008
Olmert: Israel has to return lands - Guardian Unlimited
Palestine-Israel, Politics, 9/30/2008
Olmert Steps Down As Premier Of Israel - WashingtonPost.com
Palestine-Israel, Politics, 9/30/2008
Rice and Syria FM hold talks on regional peace efforts - Yahoo! News
Syria-USA, Politics, 9/30/2008
Blast Injures Israeli Academic Critical of Jewish Settlements - WashingtonPost.com
Palestine-Israel, Politics, 9/30/2008

Israeli occupation closes the West Bank
Israeli Occupation Forces (IOF) imposed a closure of the West Bank and the Gaza Strip today, ahead of the Jewish New Year holiday.
Palestine-Israel, Politics, 9/30/2008
International Solidarity Movement to reestablish presence in Gaza
The International Solidarity Movement (ISM) announced that they will soon re-establish their presence in the Gaza Strip to support non-violent direct action against the Israeli Occupation.
Palestine-Israel, Politics, 9/30/2008

Sold to US taxpayers for $700B: banks' bad assets (AP)

Wall Street Bailout: Making a Deal With the Devil

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

WaMu becomes biggest bank to fail in US history (AP)

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Pakistan warns US troops after exchange of fire

Banking System Will Need Another $500 Billion or More: Gross Point Blank

A 700 Billion Bailout With No Review or Oversight Whatsoever Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

U.S. Troops In Homeland “Crowd Control” Patrols From October 1st

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

29. The stocks you'd buy right now.

30. Those you'd buy on a pull-back.

31. Those you'd sell into strength.

32. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead September 30, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican September 30, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW September 30, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Financial Tsunami: The End of the World as We Knew It F. William Engdahl | Power and greed are the only visible juice driving the decision-makers in Washington today.

U.S. Sept. ISM manufacturing index plunges to 43.5%

Figures Reveal Corporate Cronyism At Work In Bailout Vote

NeoCon Douglas Feith Chastized for 9/11, WMD Lies WeAreChange.org | Brian Kenny and Matt Lepacek from We Are Change confront Douglas Feith on war crimes.

Analyst: Dollar May Sink, So Look to $1,500 Gold

Russia’s Dissident Bloggers Fear for Their Lives

Regulators Ease Securities-Valuation Rules WASHINGTON -- The Securities and Exchange Commission and the U.S. accounting-standard setter issued guidance that will allow companies to use more flexibility when valuing securities in a market that has dried up, a move the banking industry hopes will relieve pressure on company balance sheets…..[sounds like a plan…..riiiiight!]

Government Like Wall Street As Investment Manager Is Not Reassuring (at Seeking Alpha)

David Weidner's Writing on the Wall: Who's profiting from the crisis? Goldman Sachs, of course (at MarketWatch)

The Great Bank Robbery of 2008 The Paulson bailout failed in the House. If it isn’t a death blow to the plan, it should be. This is not an economic plan: it is a heist.

If You’re Looting the Treasury, Give it To US If the government is looting the treasury to the tune of of $700 billion plus, give the American people the money, not the con artists who got us into trouble in the first place.

Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 Billion dollar fund manager Mark Tice says that the Federal Reserve’s ceaseless printing of dollars will cause gold to surge past $2,000 an ounce, while the Dow will fall below 5,000.

BILL NOW LENGTH OF NOVEL...
Politicians' phones ringing off hook...
Reid reveals: Major insurance company on verge of going bankrupt...

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'... Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST... WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Bailout marks Karl Marx’s comeback Martin Masse
National Post September 30, 2008 In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him…..

Olmert calls for Golan Heights pullout

`Western world will become significantly less wealthy...`
`WSJ: Congress Lives Up to Its 10% Approval Rating by reconsidering bailout of the criminal frauds in this paper’s namesakes wall street name...`
`Harvard economist: Bankruptcy is right answer...`

`PAPER: 'Bailout marks Karl Marx's comeback'...`
`Talk radio holds firm over 'socialist' bailout...`
`EU Bank rescues spread...`
`FDIC asks for temporary hike in $100,000 cap on insured deposits...`

Sold to US taxpayers for $700B: banks' bad assets (AP)

Wall Street Bailout: Making a Deal With the Devil

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

WaMu becomes biggest bank to fail in US history (AP)

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Pakistan warns US troops after exchange of fire

Banking System Will Need Another $500 Billion or More: Gross Point Blank

A 700 Billion Bailout With No Review or Oversight Whatsoever Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

U.S. Troops In Homeland “Crowd Control” Patrols From October 1st

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

33. The stocks you'd buy right now.

34. Those you'd buy on a pull-back.

35. Those you'd sell into strength.

36. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead October 1, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican October 1, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW October 1, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Financial Tsunami: The End of the World as We Knew It F. William Engdahl | Power and greed are the only visible juice driving the decision-makers in Washington today.

U.S. Sept. ISM manufacturing index plunges to 43.5%

Figures Reveal Corporate Cronyism At Work In Bailout Vote

NeoCon Douglas Feith Chastized for 9/11, WMD Lies WeAreChange.org | Brian Kenny and Matt Lepacek from We Are Change confront Douglas Feith on war crimes.

Analyst: Dollar May Sink, So Look to $1,500 Gold

Russia’s Dissident Bloggers Fear for Their Lives

Government Like Wall Street As Investment Manager Is Not Reassuring (at Seeking Alpha)

David Weidner's Writing on the Wall: Who's profiting from the crisis? Goldman Sachs, of course (at MarketWatch)

The Great Bank Robbery of 2008 The Paulson bailout failed in the House. If it isn’t a death blow to the plan, it should be. This is not an economic plan: it is a heist.

BILL NOW LENGTH OF NOVEL...
Politicians' phones ringing off hook...
Reid reveals: Major insurance company on verge of going bankrupt...

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'... Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST... WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Bailout marks Karl Marx’s comeback Martin Masse
National Post September 30, 2008 In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him…..

Not One Dime! Mike Whitney | Paulson’s plan is loser. Not one dime should go to this latest Wall Street swindle.

$4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed

“Grand Larceny” on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It? In the post-bubble era there will be no more economic engines for the American economy. A long term recession and depression are inevitable, and they are expected by those in the know.

US desperate for cash seizes ‘$5bn of Saddam’s assets’

CIA ‘backed’ Irish battle against Brussels treaty

Sold to US taxpayers for $700B: banks' bad assets (AP)

`PAPER: WACHOVIA faced 'silent' bank run; FDIC forced sale...`
`Bank Limits Fund Access by Colleges, Inciting Fears...`

Olmert calls for Golan Heights pullout

`Western world will become significantly less wealthy...`
`WSJ: Congress Lives Up to Its 10% Approval Rating by reconsidering bailout of the criminal frauds in this paper’s namesakes wall street name...`
`Harvard economist: Bankruptcy is right answer...`

`PAPER: 'Bailout marks Karl Marx's comeback'...`
`Talk radio holds firm over 'socialist' bailout...`
`EU Bank rescues spread...`
`FDIC asks for temporary hike in $100,000 cap on insured deposits...`

Wall Street Bailout: Making a Deal With the Devil

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

WaMu becomes biggest bank to fail in US history (AP)

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Pakistan warns US troops after exchange of fire

Banking System Will Need Another $500 Billion or More: Gross Point Blank

A 700 Billion Bailout With No Review or Oversight Whatsoever Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

U.S. Troops In Homeland “Crowd Control” Patrols From October 2st

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

37. The stocks you'd buy right now.

38. Those you'd buy on a pull-back.

39. Those you'd sell into strength.

40. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead October 2, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican October 2, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW October 2, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Saudi investors suffer losses due to US crisis JEDDAH: Many Saudi and Gulf investors suffered heavy losses after some American and Gulf banks used their funds to buy risky mortgage bonds just before the subprime mortgage crisis erupted in the US....

Democratic Congressman: Representatives Were Threatened With Martial Law In America Over Bailout Bill A Democratic Congressman has warned that a panic atmosphere is being intentionally created in order to get the financial bailout billed passed, further stating that several members of Congress were told before Monday’s vote that martial law will be instigated in America if the legislation fails.

Job Losses: Worst in 5 years CNNMoney.com

Israel fears new radar will reveal army secrets

O.J. Simpson convicted, jailed in Las Vegas Simpson guilty on all charges in robbery trial (AP)

Financial Tsunami: The End of the World as We Knew It F. William Engdahl | Power and greed are the only visible juice driving the decision-makers in Washington today.

U.S. Sept. ISM manufacturing index plunges to 43.5%

Figures Reveal Corporate Cronyism At Work In Bailout Vote

NeoCon Douglas Feith Chastized for 9/11, WMD Lies WeAreChange.org | Brian Kenny and Matt Lepacek from We Are Change confront Douglas Feith on war crimes.

Analyst: Dollar May Sink, So Look to $1,500 Gold

Russia’s Dissident Bloggers Fear for Their Lives

Government Like Wall Street As Investment Manager Is Not Reassuring (at Seeking Alpha)

David Weidner's Writing on the Wall: Who's profiting from the crisis? Goldman Sachs, of course (at MarketWatch)

The Great Bank Robbery of 2008 The Paulson bailout failed in the House. If it isn’t a death blow to the plan, it should be. This is not an economic plan: it is a heist.

BILL NOW LENGTH OF NOVEL...
Politicians' phones ringing off hook...
Reid reveals: Major insurance company on verge of going bankrupt...

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'... Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST... WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Bailout marks Karl Marx’s comeback Martin Masse
National Post September 30, 2008 In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him…..

Not One Dime! Mike Whitney | Paulson’s plan is loser. Not one dime should go to this latest Wall Street swindle.

$4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed

US desperate for cash seizes ‘$5bn of Saddam’s assets’

CIA ‘backed’ Irish battle against Brussels treaty

Sold to US taxpayers for $700B: banks' bad assets (AP)

`PAPER: WACHOVIA faced 'silent' bank run; FDIC forced sale...`
`Bank Limits Fund Access by Colleges, Inciting Fears...`

Olmert calls for Golan Heights pullout

`Western world will become significantly less wealthy...`
`WSJ: Congress Lives Up to Its 10% Approval Rating by reconsidering bailout of the criminal frauds in this paper’s namesakes wall street name...`
`Harvard economist: Bankruptcy is right answer...`

`PAPER: 'Bailout marks Karl Marx's comeback'...`
`Talk radio holds firm over 'socialist' bailout...`
`EU Bank rescues spread...`
`FDIC asks for temporary hike in $100,000 cap on insured deposits...`

Wall Street Bailout: Making a Deal With the Devil

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

WaMu becomes biggest bank to fail in US history (AP)

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Pakistan warns US troops after exchange of fire

Banking System Will Need Another $500 Billion or More: Gross Point Blank

A 700 Billion Bailout With No Review or Oversight Whatsoever Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

U.S. Troops In Homeland “Crowd Control” Patrols From October 2st

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

41. The stocks you'd buy right now.

42. Those you'd buy on a pull-back.

43. Those you'd sell into strength.

44. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead October 3, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed October 3, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican October 3, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW October 3, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Economy sheds most jobs since 2003, more cuts seen (AP)

Asian markets plunge on reality that crisis is spreading...

Betrayed by the Bailout On this date, October 6, 2008, the American people were betrayed by those whom they had elected to represent them. The grassroots rebellion that led to the House’s rejection of the Bush Administration’s Wall Street bailout bill on Monday flamed out on Friday, overwhelmed by a massive lobbying campaign by Wall Street and by a propaganda push in the corporate media in favor of passage.

Evans-Pritchard: Germany takes hot seat as Europe falls into the abyss...

The Downturn Worsens: Would Ed Leamer Concede the Reality that We're in and Have Been in a Recession or Worse?

Dow dives below 10,000 on credit, recession fears
Those needful things on wall street say MORE, taxpayer money to bail them out for their consummate fraud, etc., MORE now EU cooperation for their past, present and future frauds, etc., how about prosecution, prison, fines, and disgorgement for these mega billion dollar frauds, as 500 point swing to the upside into the close (get your money out while you can-sell into strength/rallies/take profits)

Crisis hammers stocks, U.S. urges unified response

Czar Paulson Picks Neel Kashkari to Head Banker Takeover Associated Press | The administration has selected a former Goldman Sachs executive to be the interim head of its $700 billion “rescue” effort for financial institutions.

Fed May See Companies, States as Next Crisis Fronts

Financial crisis pummels stocks Arab News

Pope says world financial system is 'built on sand'...
STAMPEDE AT NBC: Jim Cramer warns investments could lose 20% of value...
FLOOD AT FED: Doubles Cash Sales to $900 Billion...
MARKET MAYHEM: London suffers sharpest fall since '87...
Gunman kills self, five kin over financial woes in L.A....

Cramer says Get Out Of The Market Cramer urges viewers to get any capital they are going to need for the next five years out of the stock market.

British commander says war in Afghanistan cannot be won

The end of America? Latin America, long regarded as America’s backyard, has recently hoisted the flag of defiance to its northern neighbor. In recent weeks, America’s ambassadors have been expelled by Venezuela and Bolivia
ASIA: TUESDAY...

Job Losses: Worst in 5 years CNNMoney.com

Israel fears new radar will reveal army secrets

O.J. Simpson convicted, jailed in Las Vegas Simpson guilty on all charges in robbery trial (AP)

Financial Tsunami: The End of the World as We Knew It F. William Engdahl | Power and greed are the only visible juice driving the decision-makers in Washington today.

U.S. Sept. ISM manufacturing index plunges to 43.5%

Figures Reveal Corporate Cronyism At Work In Bailout Vote

NeoCon Douglas Feith Chastized for 9/11, WMD Lies WeAreChange.org | Brian Kenny and Matt Lepacek from We Are Change confront Douglas Feith on war crimes.

Analyst: Dollar May Sink, So Look to $1,500 Gold

Russia’s Dissident Bloggers Fear for Their Lives

Government Like Wall Street As Investment Manager Is Not Reassuring (at Seeking Alpha)

David Weidner's Writing on the Wall: Who's profiting from the crisis? Goldman Sachs, of course (at MarketWatch)

The Great Bank Robbery of 2008 The Paulson bailout failed in the House. If it isn’t a death blow to the plan, it should be. This is not an economic plan: it is a heist.

BILL NOW LENGTH OF NOVEL...
Politicians' phones ringing off hook...
Reid reveals: Major insurance company on verge of going bankrupt...

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'... Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST... WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Bailout marks Karl Marx’s comeback Martin Masse
National Post September 30, 2008 In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him…..

Not One Dime! Mike Whitney | Paulson’s plan is loser. Not one dime should go to this latest Wall Street swindle.

$4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed

US desperate for cash seizes ‘$5bn of Saddam’s assets’

CIA ‘backed’ Irish battle against Brussels treaty

Sold to US taxpayers for $700B: banks' bad assets (AP)

`PAPER: WACHOVIA faced 'silent' bank run; FDIC forced sale...`
`Bank Limits Fund Access by Colleges, Inciting Fears...`

Olmert calls for Golan Heights pullout

`Western world will become significantly less wealthy...`
`WSJ: Congress Lives Up to Its 10% Approval Rating by reconsidering bailout of the criminal frauds in this paper’s namesakes wall street name...`
`Harvard economist: Bankruptcy is right answer...`

`PAPER: 'Bailout marks Karl Marx's comeback'...`
`Talk radio holds firm over 'socialist' bailout...`
`EU Bank rescues spread...`
`FDIC asks for temporary hike in $100,000 cap on insured deposits...`

Wall Street Bailout: Making a Deal With the Devil

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

WaMu becomes biggest bank to fail in US history (AP)

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Pakistan warns US troops after exchange of fire

Banking System Will Need Another $500 Billion or More: Gross Point Blank

A 700 Billion Bailout With No Review or Oversight Whatsoever Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

U.S. Troops In Homeland “Crowd Control” Patrols From October 2st

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

45. The stocks you'd buy right now.

46. Those you'd buy on a pull-back.

47. Those you'd sell into strength.

48. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead October 6, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed October 6, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican October 6, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW October 6, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Economy sheds most jobs since 2003, more cuts seen (AP)

Stocks tumble as Wall Street worries about financials

Betrayed by the Bailout On this date, October 3, 2008, the American people were betrayed by those whom they had elected to represent them. The grassroots rebellion that led to the House’s rejection of the Bush Administration’s Wall Street bailout bill on Monday flamed out on Friday, overwhelmed by a massive lobbying campaign by Wall Street and by a propaganda push in the corporate media in favor of passage.

Retirement accounts have lost $2 trillion (AP) AP - Americans' retirement plans have lost as much as $2 trillion in the past 15 months, Congress' top budget analyst estimated Tuesday, and they wanted social security to a part of the wall street fraud/debacle…riiiiight!

Bernanke: Crisis could prolong economic pain (AP) Daaaaah!

BofA shares fall on worse-than-expected profit (AP) Shares of Bank of America Corp. fell sharply Tuesday afternoon, a day after the banking giant reported much worse-than-expected earnings, announced plans to raise $10 billion in capital by diluting share offering and slashed its dividend in half.

Fed to buy massive amounts of short-term debt creating/printing worthless Weimar dollars like mad with hyperinflationary depression to come as consequence.

Bernanke: More economic pain ahead Daaaaah!

Congress scolds former AIG executives breaking their hearts forever, but not too much promising to take their campaign contributions, over crisis. Term limits are necessary! Tax revolts are a coming (AP)

Wall Street sinks again on crisis fears (Reuters)

Bernanke signals readiness to cut rates in crushing blow to dollar in desperation (Reuters)

Kiener: Gold Prices To Double On Paper Market Default

Panic as Russian stock market falls by almost 20%

Japan falls nearly 10%.

Asian markets plunge on reality that crisis is spreading...

Alcoa trims forecast along with bad results while Bank of america reports much lower (down 68%), cuts dividend in half, and announces a dilutingly wopping $10 billion in new stock offerings
S&P, Dow Average Post Worst Annual Retreat Since 1937...

Evans-Pritchard: Germany takes hot seat as Europe falls into the abyss...

The Downturn Worsens: Would Ed Leamer Concede the Reality that We're in and Have Been in a Recession or Worse?

Crisis hammers stocks, U.S. urges unified response

Fed May See Companies, States as Next Crisis Fronts

Financial crisis pummels stocks Arab News

Cramer says Get Out Of The Market Cramer urges viewers to get any capital they are going to need for the next five years out of the stock market.

British commander says war in Afghanistan cannot be won

Job Losses: Worst in 5 years CNNMoney.com

Israel fears new radar will reveal army secrets

O.J. Simpson convicted, jailed in Las Vegas Simpson guilty on all charges in robbery trial (AP)

Financial Tsunami: The End of the World as We Knew It F. William Engdahl | Power and greed are the only visible juice driving the decision-makers in Washington today.

U.S. Sept. ISM manufacturing index plunges to 43.5%

Figures Reveal Corporate Cronyism At Work In Bailout Vote

NeoCon Douglas Feith Chastized for 9/11, WMD Lies WeAreChange.org | Brian Kenny and Matt Lepacek from We Are Change confront Douglas Feith on war crimes.

Analyst: Dollar May Sink, So Look to $1,500 Gold

Russia’s Dissident Bloggers Fear for Their Lives

Government Like Wall Street As Investment Manager Is Not Reassuring (at Seeking Alpha)

David Weidner's Writing on the Wall: Who's profiting from the crisis? Goldman Sachs, of course (at MarketWatch)

The Great Bank Robbery of 2008 The Paulson bailout failed in the House. If it isn’t a death blow to the plan, it should be. This is not an economic plan: it is a heist.

BILL NOW LENGTH OF NOVEL...
Politicians' phones ringing off hook...
Reid reveals: Major insurance company on verge of going bankrupt...

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'... Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST... WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Bailout marks Karl Marx’s comeback Martin Masse
National Post September 30, 2008 In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him…..

Not One Dime! Mike Whitney | Paulson’s plan is loser. Not one dime should go to this latest Wall Street swindle.

$4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed

US desperate for cash seizes ‘$5bn of Saddam’s assets’

CIA ‘backed’ Irish battle against Brussels treaty

Sold to US taxpayers for $700B: banks' bad assets (AP)

`PAPER: WACHOVIA faced 'silent' bank run; FDIC forced sale...`
`Bank Limits Fund Access by Colleges, Inciting Fears...`

Olmert calls for Golan Heights pullout

`Western world will become significantly less wealthy...`
`WSJ: Congress Lives Up to Its 10% Approval Rating by reconsidering bailout of the criminal frauds in this paper’s namesakes wall street name...`
`Harvard economist: Bankruptcy is right answer...`

`PAPER: 'Bailout marks Karl Marx's comeback'...`
`Talk radio holds firm over 'socialist' bailout...`
`EU Bank rescues spread...`
`FDIC asks for temporary hike in $100,000 cap on insured deposits...`

Wall Street Bailout: Making a Deal With the Devil

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

WaMu becomes biggest bank to fail in US history (AP)

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Pakistan warns US troops after exchange of fire

Banking System Will Need Another $500 Billion or More: Gross Point Blank

A 700 Billion Bailout With No Review or Oversight Whatsoever Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

U.S. Troops In Homeland “Crowd Control” Patrols From October 2st

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

49. The stocks you'd buy right now.

50. Those you'd buy on a pull-back.

51. Those you'd sell into strength.

52. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead October 7, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed October 7, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican October 7, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW October 7, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

NOBEL PRIZE WINNING ECONOMIST: CRISIS AS BAD AS GREAT DEPRESSION OR WORSE Financial terrorism: US taxpayers bail out Wall Street criminals $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed RICO Summary under penalty of perjury to the FBI at their request Report confirms Israel’s nuclear arsenal Roubini: Rate Cuts Temporarily and Minimally Reduce Crash Risk, But Dow 7,000 Likely 'Sometime Next Year' October 8, 2008

Economy sheds most jobs since 2003, more cuts seen (AP)

It's Not You, It's the Market - Now Officially the Worst S&P Decline in History

AIG hits up Fed for more money CNNMoney.com

America’s Financial Apocalypse Economists Need to Sit Down and Shut Up Mike Stathis | I can make a very strong case that the U.S. has been in the early stages of a silent, modest depression for at least two years.

Bankers Want World Economic Government To Solve Financial Crisis They Created Paul Joseph Watson | The culprits who caused the problem offer their solution - more power for themselves.

Stocks retreat again despite emergency rate cut Associated Press | The Dow Jones industrials, already down 875 points this week, fell another 200, and all the major indexes were down sharply.

Retirement accounts have lost $2 trillion so far

‘Economic 9/11′ exacting grim psychological toll in US

You Saw It Here First; Economic Crash, Banker Stick-Up Predicted Long Ago While mainstream corporate media lied to Americans claiming economy was strong, we were warning about a “global crash” and a faux solution of “predatory globalism” nearly two years in advance.

30 Civilians Died in Afghan Raid, U.S. Inquiry Finds

Rate cuts boost gold, silver, higher prices imminent

Asian stocks battered on fears for global economy

The Government got you into this mess so don’t trust them to get you out of it, says rogue trader Nick Leeson

Bailout Has Already Been Proven Worthless (Can We Cancel It Now?) We just had a $700 billion bailout bill that was signed into law and done in defiance of the American people at large. This money is on top of many more billions that have already been spent bailing out Wall Street.

Stocks tumble as Wall Street worries about financials

Bernanke: Crisis could prolong economic pain (AP) Daaaaah!

Fed to buy massive amounts of short-term debt creating/printing worthless Weimar dollars like mad with hyperinflationary depression to come as consequence.

Wall Street sinks again on crisis fears (Reuters)

Bernanke signals readiness to cut rates in crushing blow to dollar in desperation (Reuters)

Kiener: Gold Prices To Double On Paper Market Default

Panic as Russian stock market falls by almost 20%

Japan falls nearly 10%.

Asian markets plunge on reality that crisis is spreading...

Evans-Pritchard: Germany takes hot seat as Europe falls into the abyss...

The Downturn Worsens: Would Ed Leamer Concede the Reality that We're in and Have Been in a Recession or Worse?

Crisis hammers stocks, U.S. urges unified response

Fed May See Companies, States as Next Crisis Fronts

Financial crisis pummels stocks Arab News

Cramer says Get Out Of The Market Cramer urges viewers to get any capital they are going to need for the next five years out of the stock market.

British commander says war in Afghanistan cannot be won

Job Losses: Worst in 5 years CNNMoney.com

Israel fears new radar will reveal army secrets

O.J. Simpson convicted, jailed in Las Vegas Simpson guilty on all charges in robbery trial (AP)

Financial Tsunami: The End of the World as We Knew It F. William Engdahl | Power and greed are the only visible juice driving the decision-makers in Washington today.

U.S. Sept. ISM manufacturing index plunges to 43.5%

Figures Reveal Corporate Cronyism At Work In Bailout Vote

NeoCon Douglas Feith Chastized for 9/11, WMD Lies WeAreChange.org | Brian Kenny and Matt Lepacek from We Are Change confront Douglas Feith on war crimes.

Analyst: Dollar May Sink, So Look to $1,500 Gold

Russia’s Dissident Bloggers Fear for Their Lives

Government Like Wall Street As Investment Manager Is Not Reassuring (at Seeking Alpha)

David Weidner's Writing on the Wall: Who's profiting from the crisis? Goldman Sachs, of course (at MarketWatch)

The Great Bank Robbery of 2008 The Paulson bailout failed in the House. If it isn’t a death blow to the plan, it should be. This is not an economic plan: it is a heist.

BILL NOW LENGTH OF NOVEL...
Politicians' phones ringing off hook...
Reid reveals: Major insurance company on verge of going bankrupt...

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'... Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST... WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Bailout marks Karl Marx’s comeback Martin Masse
National Post September 30, 2008 In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him…..

Not One Dime! Mike Whitney | Paulson’s plan is loser. Not one dime should go to this latest Wall Street swindle.

$4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed

US desperate for cash seizes ‘$5bn of Saddam’s assets’

CIA ‘backed’ Irish battle against Brussels treaty

Sold to US taxpayers for $700B: banks' bad assets (AP)

`PAPER: WACHOVIA faced 'silent' bank run; FDIC forced sale...`
`Bank Limits Fund Access by Colleges, Inciting Fears...`

Olmert calls for Golan Heights pullout

`Western world will become significantly less wealthy...`
`WSJ: Congress Lives Up to Its 10% Approval Rating by reconsidering bailout of the criminal frauds in this paper’s namesakes wall street name...`
`Harvard economist: Bankruptcy is right answer...`

`PAPER: 'Bailout marks Karl Marx's comeback'...`
`Talk radio holds firm over 'socialist' bailout...`
`EU Bank rescues spread...`
`FDIC asks for temporary hike in $100,000 cap on insured deposits...`

Wall Street Bailout: Making a Deal With the Devil

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

WaMu becomes biggest bank to fail in US history (AP)

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Pakistan warns US troops after exchange of fire

Banking System Will Need Another $500 Billion or More: Gross Point Blank

A 700 Billion Bailout With No Review or Oversight Whatsoever Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

U.S. Troops In Homeland “Crowd Control” Patrols From October 2st

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

53. The stocks you'd buy right now.

54. Those you'd buy on a pull-back.

55. Those you'd sell into strength.

56. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead October 8, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed October 8, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican October 8, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW October 8, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Economy sheds most jobs since 2003, more cuts seen (AP)

It's Not You, It's the Market - Now Officially the Worst S&P Decline in History

AIG hits up Fed for more money CNNMoney.com

Bankers Want World Economic Government To Solve Financial Crisis They Created Paul Joseph Watson | The culprits who caused the problem offer their solution - more power for themselves.

Recession reality plunders Wall Street, Dow dives 678.91 (Reuters)

Dow plunges 679 for 6th triple-digit loss in a row (AP)

GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low

Dow plunges 679 for 6th triple-digit loss in a row (AP)
Prudential becomes latest insurer to warn (Reuters)

Obama/McCain Sheeple Cheer Police Violation Of Free Speech

Thousands of Troops Are Deployed on U.S. Streets Ready to Carry Out “Crowd Control”

ABC: NSA agents admit spying on Americans’ private calls

US report says Afghanistan conflict rapidly worsening

How To Solve the Financial Crisis: Get Rid of the Liars and require term limits After 7 years of lies from Bush, Cheney, Pelosi and the gang, people have stopped believing them.

Asian Stocks Plunge, Set for Worst Week on Record...
Live Chart...
GM Shares Fall to Lowest Level Since 1950...

Aussies joke - and hope - that Communist China can save capitalism…riiiiight...

Retirement accounts have lost $2 trillion so far

‘Economic 9/11′ exacting grim psychological toll in US

30 Civilians Died in Afghan Raid, U.S. Inquiry Finds

Rate cuts boost gold, silver, higher prices imminent

Asian stocks battered on fears for global economy

The Government got you into this mess so don’t trust them to get you out of it, says rogue trader Nick Leeson

Stocks tumble as Wall Street worries about financials

Bernanke: Crisis could prolong economic pain (AP) Daaaaah!

Fed to buy massive amounts of short-term debt creating/printing worthless Weimar dollars like mad with hyperinflationary depression to come as consequence.

Wall Street sinks again on crisis fears (Reuters)

Bernanke signals readiness to cut rates in crushing blow to dollar in desperation (Reuters)

Kiener: Gold Prices To Double On Paper Market Default

Panic as Russian stock market falls by almost 20%

Japan falls nearly 10%.

Asian markets plunge on reality that crisis is spreading...

Evans-Pritchard: Germany takes hot seat as Europe falls into the abyss...

The Downturn Worsens: Would Ed Leamer Concede the Reality that We're in and Have Been in a Recession or Worse?

Crisis hammers stocks, U.S. urges unified response

Fed May See Companies, States as Next Crisis Fronts

Financial crisis pummels stocks Arab News

Cramer says Get Out Of The Market Cramer urges viewers to get any capital they are going to need for the next five years out of the stock market.

British commander says war in Afghanistan cannot be won

Job Losses: Worst in 5 years CNNMoney.com

Israel fears new radar will reveal army secrets

O.J. Simpson convicted, jailed in Las Vegas Simpson guilty on all charges in robbery trial (AP)

Financial Tsunami: The End of the World as We Knew It F. William Engdahl | Power and greed are the only visible juice driving the decision-makers in Washington today.

U.S. Sept. ISM manufacturing index plunges to 43.5%

Figures Reveal Corporate Cronyism At Work In Bailout Vote

NeoCon Douglas Feith Chastized for 9/11, WMD Lies WeAreChange.org | Brian Kenny and Matt Lepacek from We Are Change confront Douglas Feith on war crimes.

Analyst: Dollar May Sink, So Look to $1,500 Gold

Russia’s Dissident Bloggers Fear for Their Lives

Government Like Wall Street As Investment Manager Is Not Reassuring (at Seeking Alpha)

David Weidner's Writing on the Wall: Who's profiting from the crisis? Goldman Sachs, of course (at MarketWatch)

The Great Bank Robbery of 2008 The Paulson bailout failed in the House. If it isn’t a death blow to the plan, it should be. This is not an economic plan: it is a heist.

BILL NOW LENGTH OF NOVEL...
Politicians' phones ringing off hook...
Reid reveals: Major insurance company on verge of going bankrupt...

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'... Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST... WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Bailout marks Karl Marx’s comeback Martin Masse
National Post September 30, 2008 In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him…..

Not One Dime! Mike Whitney | Paulson’s plan is loser. Not one dime should go to this latest Wall Street swindle.

$4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed

US desperate for cash seizes ‘$5bn of Saddam’s assets’

CIA ‘backed’ Irish battle against Brussels treaty

Sold to US taxpayers for $700B: banks' bad assets (AP)

`PAPER: WACHOVIA faced 'silent' bank run; FDIC forced sale...`
`Bank Limits Fund Access by Colleges, Inciting Fears...`

Olmert calls for Golan Heights pullout

`Western world will become significantly less wealthy...`
`WSJ: Congress Lives Up to Its 10% Approval Rating by reconsidering bailout of the criminal frauds in this paper’s namesakes wall street name...`
`Harvard economist: Bankruptcy is right answer...`

`PAPER: 'Bailout marks Karl Marx's comeback'...`
`Talk radio holds firm over 'socialist' bailout...`
`EU Bank rescues spread...`
`FDIC asks for temporary hike in $100,000 cap on insured deposits...`

Wall Street Bailout: Making a Deal With the Devil

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

WaMu becomes biggest bank to fail in US history (AP)

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Pakistan warns US troops after exchange of fire

Banking System Will Need Another $500 Billion or More: Gross Point Blank

A 700 Billion Bailout With No Review or Oversight Whatsoever Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

U.S. Troops In Homeland “Crowd Control” Patrols From October 2st

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

57. The stocks you'd buy right now.

58. Those you'd buy on a pull-back.

59. Those you'd sell into strength.

60. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead October 9, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed October 9, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican October 9, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW October 9, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Economy sheds most jobs since 2003, more cuts seen (AP)

It's Not You, It's the Market - Now Officially the Worst S&P Decline in History

AIG hits up Fed for more money CNNMoney.com

Bankers Want World Economic Government To Solve Financial Crisis They Created Paul Joseph Watson | The culprits who caused the problem offer their solution - more power for themselves.

Rogers: Global Bankers Have Unleashed Inflationary Holocaust Legendary investor Jim Rogers warned during a CNBC interview this morning that global central banks are creating the environment for an inflationary holocaust by their ceaseless overprinting of currency, a measure that isn’t even successful in stabilizing the stock market.
Paul Joseph Watson | CNBC hosts unable to grasp basic economic principles.
Mike Whitney | The prevailing wisdom is that Wall Street will continue to suffer historic losses and that this will mark the end of America’s dominance as the lone superpower.
Richard C. Cook | The problem is the oncoming recession/depression caused by the absence of an economic engine to generate new producing power.

Banks Hoarding Cash to Pay Derivatives Liabilities

Japan suffers biggest single-day stock drop for 20 years

Stocks are on track for their worst year since 1937

Global Stocks Tumble, Driving S&P 500 to Worst Week on Record

Swagger turns to shudder a year after market high...
'MAY DROP 50% FROM TOP'...

Stocks Drop in Rollercoaster Session; Dow Average Swings 1,000 Points...
Bush says anxiety feeding market instability... Carter slams Bush on market crisis...
EUROPE STOCK ROUT...
Carter slams Bush on market crisis...
London shares bloodbath...

DOW LOSES 18%... THE WORST WEEK
Crisis becomes global crash...

I survived the Georgian war. Here’s what I saw. Lira Tskhovrebova | Do americans realize that a military trained and equipped by the US government and israel attacked a civilian population as they slept in their beds?

China’s Central Bank Denies Plan to Buy U.S. Treasury Bonds

Is the Federal Reserve Engaged in Acts of Economic Warfare Against America? Federal Reserve extends reach with 1930s powers Associated Press | Dusting off Depression-era emergency powers, the Federal Reserve is extending its reach over the economy as never before, pushing the limits of its authority, if not exceeding them.

Putin’s step toward redemption as he gets tiger cub and greater wisdom for his birthday...

Recession reality plunders Wall Street, Dow dives 678.91 (Reuters)

Dow plunges 679 for 6th triple-digit loss in a row (AP)

GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low

Dow plunges 679 for 6th triple-digit loss in a row (AP)
Prudential becomes latest insurer to warn (Reuters)

Obama/McCain Sheeple Cheer Police Violation Of Free Speech

Thousands of Troops Are Deployed on U.S. Streets Ready to Carry Out “Crowd Control”

ABC: NSA agents admit spying on Americans’ private calls

US report says Afghanistan conflict rapidly worsening

How To Solve the Financial Crisis: Get Rid of the Liars and require term limits After 7 years of lies from Bush, Cheney, Pelosi and the gang, people have stopped believing them.

Asian Stocks Plunge, Set for Worst Week on Record...
Live Chart...
GM Shares Fall to Lowest Level Since 1950...

Aussies joke - and hope - that Communist China can save capitalism…riiiiight...

Retirement accounts have lost $2 trillion so far

‘Economic 9/11′ exacting grim psychological toll in US

30 Civilians Died in Afghan Raid, U.S. Inquiry Finds

Rate cuts boost gold, silver, higher prices imminent

Asian stocks battered on fears for global economy

The Government got you into this mess so don’t trust them to get you out of it, says rogue trader Nick Leeson

Stocks tumble as Wall Street worries about financials

Bernanke: Crisis could prolong economic pain (AP) Daaaaah!

Fed to buy massive amounts of short-term debt creating/printing worthless Weimar dollars like mad with hyperinflationary depression to come as consequence.

Wall Street sinks again on crisis fears (Reuters)

Bernanke signals readiness to cut rates in crushing blow to dollar in desperation (Reuters)

Kiener: Gold Prices To Double On Paper Market Default

Panic as Russian stock market falls by almost 20%

Japan falls nearly 10%.

Asian markets plunge on reality that crisis is spreading...

Evans-Pritchard: Germany takes hot seat as Europe falls into the abyss...

The Downturn Worsens: Would Ed Leamer Concede the Reality that We're in and Have Been in a Recession or Worse?

Crisis hammers stocks, U.S. urges unified response

Fed May See Companies, States as Next Crisis Fronts

Financial crisis pummels stocks Arab News

Cramer says Get Out Of The Market Cramer urges viewers to get any capital they are going to need for the next five years out of the stock market.

British commander says war in Afghanistan cannot be won

Job Losses: Worst in 5 years CNNMoney.com

Israel fears new radar will reveal army secrets

O.J. Simpson convicted, jailed in Las Vegas Simpson guilty on all charges in robbery trial (AP)

Financial Tsunami: The End of the World as We Knew It F. William Engdahl | Power and greed are the only visible juice driving the decision-makers in Washington today.

U.S. Sept. ISM manufacturing index plunges to 43.5%

Figures Reveal Corporate Cronyism At Work In Bailout Vote

NeoCon Douglas Feith Chastized for 9/11, WMD Lies WeAreChange.org | Brian Kenny and Matt Lepacek from We Are Change confront Douglas Feith on war crimes.

Analyst: Dollar May Sink, So Look to $1,500 Gold

Russia’s Dissident Bloggers Fear for Their Lives

Government Like Wall Street As Investment Manager Is Not Reassuring (at Seeking Alpha)

David Weidner's Writing on the Wall: Who's profiting from the crisis? Goldman Sachs, of course (at MarketWatch)

The Great Bank Robbery of 2008 The Paulson bailout failed in the House. If it isn’t a death blow to the plan, it should be. This is not an economic plan: it is a heist.

BILL NOW LENGTH OF NOVEL...
Politicians' phones ringing off hook...
Reid reveals: Major insurance company on verge of going bankrupt...

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'... Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST... WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Bailout marks Karl Marx’s comeback Martin Masse
National Post September 30, 2008 In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him…..

Not One Dime! Mike Whitney | Paulson’s plan is loser. Not one dime should go to this latest Wall Street swindle.

$4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed

US desperate for cash seizes ‘$5bn of Saddam’s assets’

CIA ‘backed’ Irish battle against Brussels treaty

Sold to US taxpayers for $700B: banks' bad assets (AP)

`PAPER: WACHOVIA faced 'silent' bank run; FDIC forced sale...`
`Bank Limits Fund Access by Colleges, Inciting Fears...`

Olmert calls for Golan Heights pullout

`Western world will become significantly less wealthy...`
`WSJ: Congress Lives Up to Its 10% Approval Rating by reconsidering bailout of the criminal frauds in this paper’s namesakes wall street name...`
`Harvard economist: Bankruptcy is right answer...`

`PAPER: 'Bailout marks Karl Marx's comeback'...`
`Talk radio holds firm over 'socialist' bailout...`
`EU Bank rescues spread...`
`FDIC asks for temporary hike in $100,000 cap on insured deposits...`

Wall Street Bailout: Making a Deal With the Devil

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

WaMu becomes biggest bank to fail in US history (AP)

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Pakistan warns US troops after exchange of fire

Banking System Will Need Another $500 Billion or More: Gross Point Blank

A 700 Billion Bailout With No Review or Oversight Whatsoever Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

U.S. Troops In Homeland “Crowd Control” Patrols From October 2st

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

61. The stocks you'd buy right now.

62. Those you'd buy on a pull-back.

63. Those you'd sell into strength.

64. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead October 10, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed October 10, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican October 10, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW October 10, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Economy sheds most jobs since 2003, more cuts seen (AP)

It's Not You, It's the Market - Now Officially the Worst S&P Decline in History

AIG hits up Fed for more money CNNMoney.com

Decades of Negative Returns: A Long-Term Look at the Dow

US Missteps Are Evident, but Europe Is Implicated New York Times - By NELSON D. SCHWARTZ PARIS - A week ago, European leaders said they knew who was responsible for the global credit crisis. Silvio Berlusconi, Italy’s prime minister, blamed the United States… Stocks are on track for their worst year since 1937

Dollar, Euro, Sterling May Be Destroyed Zimbabwe-Style Paul Joseph Watson | Hennecke says hyperinflation will cause gold price explosion.

Treasury plan to inject $125B Weimar dollars in top 9 US banks...

U.S. works on bank plan, IMF warns of further market fall

[$$] Two Banks in Midwest Fail (at The Wall Street Journal Online)

PAKISTAN: FIVE KILLED IN MISSILE ATTACK BY DRONES... DEVELOPING...

NKorea off US blacklist after nuke inspection deal (AP)

Missile fired by US drone kills five in PakistanISLAMABAD: Despite Islamabad's repeated assertion it will not allow violation of its airspace by foreign planes, a barrage of suspected US missile strikes in the country’s northwest killed scores of people recently. The latest missile strike by an unmanned drone killed five people late Saturday. Not a single victim was believed to be a foreign Al-Qaeda fighter, officials said yesterday.

Official: Gunmen shoot at US consulate in Mexico (AP)

Banks Hoarding Cash to Pay Derivatives Liabilities

Bankers Want World Economic Government To Solve Financial Crisis They Created Paul Joseph Watson | The culprits who caused the problem offer their solution - more power for themselves.

Japan suffers biggest single-day stock drop for 20 years

Stocks are on track for their worst year since 1937

Global Stocks Tumble, Driving S&P 500 to Worst Week on Record

Swagger turns to shudder a year after market high...
'MAY DROP 50% FROM TOP'...

DOW LOSES 18%...THE WORST WEEK
Crisis becomes global crash...

China’s Central Bank Denies Plan to Buy U.S. Treasury Bonds

Putin’s step toward redemption as he gets tiger cub and greater wisdom for his birthday...

Recession reality plunders Wall Street, Dow dives 678.91 (Reuters)

Dow plunges 679 for 6th triple-digit loss in a row (AP)

GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low

Dow plunges 679 for 6th triple-digit loss in a row (AP)
Prudential becomes latest insurer to warn (Reuters)

Obama/McCain Sheeple Cheer Police Violation Of Free Speech

Thousands of Troops Are Deployed on U.S. Streets Ready to Carry Out “Crowd Control”

ABC: NSA agents admit spying on Americans’ private calls

US report says Afghanistan conflict rapidly worsening

How To Solve the Financial Crisis: Get Rid of the Liars and require term limits After 7 years of lies from Bush, Cheney, Pelosi and the gang, people have stopped believing them.

Asian Stocks Plunge, Set for Worst Week on Record...
Live Chart...
GM Shares Fall to Lowest Level Since 1950...

Aussies joke - and hope - that Communist China can save capitalism…riiiiight...

Retirement accounts have lost $2 trillion so far

‘Economic 9/11′ exacting grim psychological toll in US

30 Civilians Died in Afghan Raid, U.S. Inquiry Finds

Rate cuts boost gold, silver, higher prices imminent

Asian stocks battered on fears for global economy

The Government got you into this mess so don’t trust them to get you out of it, says rogue trader Nick Leeson

Stocks tumble as Wall Street worries about financials

Bernanke: Crisis could prolong economic pain (AP) Daaaaah!

Fed to buy massive amounts of short-term debt creating/printing worthless Weimar dollars like mad with hyperinflationary depression to come as consequence.

Wall Street sinks again on crisis fears (Reuters)

Bernanke signals readiness to cut rates in crushing blow to dollar in desperation (Reuters)

Kiener: Gold Prices To Double On Paper Market Default

Panic as Russian stock market falls by almost 20%

Japan falls nearly 10%.

Asian markets plunge on reality that crisis is spreading...

Evans-Pritchard: Germany takes hot seat as Europe falls into the abyss...

The Downturn Worsens: Would Ed Leamer Concede the Reality that We're in and Have Been in a Recession or Worse?

Crisis hammers stocks, U.S. urges unified response

Fed May See Companies, States as Next Crisis Fronts

Financial crisis pummels stocks Arab News

Cramer says Get Out Of The Market Cramer urges viewers to get any capital they are going to need for the next five years out of the stock market.

British commander says war in Afghanistan cannot be won

Job Losses: Worst in 5 years CNNMoney.com

Israel fears new radar will reveal army secrets

O.J. Simpson convicted, jailed in Las Vegas Simpson guilty on all charges in robbery trial (AP)

Financial Tsunami: The End of the World as We Knew It F. William Engdahl | Power and greed are the only visible juice driving the decision-makers in Washington today.

U.S. Sept. ISM manufacturing index plunges to 43.5%

Figures Reveal Corporate Cronyism At Work In Bailout Vote

NeoCon Douglas Feith Chastized for 9/11, WMD Lies WeAreChange.org | Brian Kenny and Matt Lepacek from We Are Change confront Douglas Feith on war crimes.

Analyst: Dollar May Sink, So Look to $1,500 Gold

Russia’s Dissident Bloggers Fear for Their Lives

Government Like Wall Street As Investment Manager Is Not Reassuring (at Seeking Alpha)

David Weidner's Writing on the Wall: Who's profiting from the crisis? Goldman Sachs, of course (at MarketWatch)

The Great Bank Robbery of 2008 The Paulson bailout failed in the House. If it isn’t a death blow to the plan, it should be. This is not an economic plan: it is a heist.

BILL NOW LENGTH OF NOVEL...
Politicians' phones ringing off hook...
Reid reveals: Major insurance company on verge of going bankrupt...

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'... Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST... WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Bailout marks Karl Marx’s comeback Martin Masse
National Post September 30, 2008 In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him…..

Not One Dime! Mike Whitney | Paulson’s plan is loser. Not one dime should go to this latest Wall Street swindle.

$4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed

US desperate for cash seizes ‘$5bn of Saddam’s assets’

CIA ‘backed’ Irish battle against Brussels treaty

Sold to US taxpayers for $700B: banks' bad assets (AP)

`PAPER: WACHOVIA faced 'silent' bank run; FDIC forced sale...`
`Bank Limits Fund Access by Colleges, Inciting Fears...`

Olmert calls for Golan Heights pullout

`Western world will become significantly less wealthy...`
`WSJ: Congress Lives Up to Its 10% Approval Rating by reconsidering bailout of the criminal frauds in this paper’s namesakes wall street name...`
`Harvard economist: Bankruptcy is right answer...`

`PAPER: 'Bailout marks Karl Marx's comeback'...`
`Talk radio holds firm over 'socialist' bailout...`
`EU Bank rescues spread...`
`FDIC asks for temporary hike in $100,000 cap on insured deposits...`

Wall Street Bailout: Making a Deal With the Devil

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

WaMu becomes biggest bank to fail in US history (AP)

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Pakistan warns US troops after exchange of fire

Banking System Will Need Another $500 Billion or More: Gross Point Blank

A 700 Billion Bailout With No Review or Oversight Whatsoever Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

U.S. Troops In Homeland “Crowd Control” Patrols From October 2st

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

65. The stocks you'd buy right now.

66. Those you'd buy on a pull-back.

67. Those you'd sell into strength.

68. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead October 13, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed October 13, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican October 13, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW October 13, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Economy sheds most jobs since 2003, more cuts seen (AP)
This is a secular bear market – check out the cycles.Stocks Dive After Vote ...

The Wall Street Coup and the Bailout Scam
Paulson Doles Out $125 Billion to Wall Street Elite
The Evil of Bailout One of the burning questions regarding the recently passed bailout, and the one that almost no one has bothered to answer, is how the government intends to pay for it. Bailout $700 billion yet national debt increased by over $1 trillion.`They socialize their losses and privatize their gains ….. How is this happening? What a total fraud/scam!`Roubini Sees Worst Recession in 40 Years, Rally’s End

It's Not You, It's the Market - Now Officially the Worst S&P Decline in History

The New American Century; Cut short by 92 years They call it the Oedipal Effect. By obsessive neo-con/israeli attempts to create their desired outcomes, they actually accomplished the opposite. I warned of this. Global Research | The era of Superpower America is coming to an end. The financial crisis was the last straw.
DON'T BREAK OUT THE BUBBLY JUST YET IRWIN KELLNER
Commentary: Dow's Monday jump doesn't mean happy days are here again…..sometimes it pays to look before you leap. The Dow is still nearly 4,800 points below its all-time high set just over a year ago. And the U.S. economy is in a recession.
Glenn Beck Highlights Threat Of Martial Law Following Economic Crisis
Chicago To Shut Down Government To Save Cash...
33% 'Parking Tax'...A Trillion Dollar Bait and Switch: The Bailout and the Smell Test The explanation that has been given for the financial crisis does not match up with the solution that has been devised. Moreover, the windows into the crisis offered by the authorities are opaque rather than transparent.
Bailout Like Treating Junkie With Shots Of Heroin Investment analyst Puru Saxena told a CNBC audience this morning that the Wall Street bailout was akin to treating a drug addict with shots of heroin, and warned that flooding the financial system with overprinted currency would lead to poverty, raging inflation and eventually a total collapse of the U.S. economy and the dollar.
Banks dictate conditions of US financial bailout Alex Lantier | The result of this bailout — a major consolidation and restructuring of the US banking industry — will be quite harmful to the interests of the population.
The t_rump: Feels Like Socialism … But I Like It …..Want to buy some real estate? Or watches, swampland in jersey, etc. CNBC | “We were headed for Great Depression No. 2,” admitted trump.
Gold Rebounds on U.S. Fed Decision to Flood System With Worthless Weimar Dollars

AIG hits up Fed for more money CNNMoney.com

Decades of Negative Returns: A Long-Term Look at the Dow

Dollar, Euro, Sterling May Be Destroyed Zimbabwe-Style Paul Joseph Watson | Hennecke says hyperinflation will cause gold price explosion.

Treasury plan to inject $125B Weimar dollars in top 9 US banks...

U.S. works on bank plan, IMF warns of further market fall

[$$] Two Banks in Midwest Fail (at The Wall Street Journal Online)

PAKISTAN: FIVE KILLED IN MISSILE ATTACK BY DRONES... DEVELOPING...

NKorea off US blacklist after nuke inspection deal (AP)

Official: Gunmen shoot at US consulate in Mexico (AP)

Banks Hoarding Cash to Pay Derivatives Liabilities

Bankers Want World Economic Government To Solve Financial Crisis They Created Paul Joseph Watson | The culprits who caused the problem offer their solution - more power for themselves.

Japan suffers biggest single-day stock drop for 20 years

Stocks are on track for their worst year since 1937

Global Stocks Tumble, Driving S&P 500 to Worst Week on Record

Swagger turns to shudder a year after market high...
'MAY DROP 50% FROM TOP'...

DOW LOSES 18%...THE WORST WEEK
Crisis becomes global crash...

China’s Central Bank Denies Plan to Buy U.S. Treasury Bonds

Putin’s step toward redemption as he gets tiger cub and greater wisdom for his birthday...

Recession reality plunders Wall Street, Dow dives 678.91 (Reuters)

Dow plunges 679 for 6th triple-digit loss in a row (AP)

GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low

Dow plunges 679 for 6th triple-digit loss in a row (AP)
Prudential becomes latest insurer to warn (Reuters)

Obama/McCain Sheeple Cheer Police Violation Of Free Speech

Thousands of Troops Are Deployed on U.S. Streets Ready to Carry Out “Crowd Control”

ABC: NSA agents admit spying on Americans’ private calls

US report says Afghanistan conflict rapidly worsening

How To Solve the Financial Crisis: Get Rid of the Liars and require term limits After 7 years of lies from Bush, Cheney, Pelosi and the gang, people have stopped believing them.

Asian Stocks Plunge, Set for Worst Week on Record...
Live Chart...
GM Shares Fall to Lowest Level Since 1950...

Aussies joke - and hope - that Communist China can save capitalism…riiiiight...

Retirement accounts have lost $2 trillion so far

‘Economic 9/11′ exacting grim psychological toll in US

30 Civilians Died in Afghan Raid, U.S. Inquiry Finds

Rate cuts boost gold, silver, higher prices imminent

Asian stocks battered on fears for global economy

The Government got you into this mess so don’t trust them to get you out of it, says rogue trader Nick Leeson

Stocks tumble as Wall Street worries about financials

Bernanke: Crisis could prolong economic pain (AP) Daaaaah!

Fed to buy massive amounts of short-term debt creating/printing worthless Weimar dollars like mad with hyperinflationary depression to come as consequence.

Wall Street sinks again on crisis fears (Reuters)

Bernanke signals readiness to cut rates in crushing blow to dollar in desperation (Reuters)

Kiener: Gold Prices To Double On Paper Market Default

Panic as Russian stock market falls by almost 20%

Japan falls nearly 10%.

Asian markets plunge on reality that crisis is spreading...

Evans-Pritchard: Germany takes hot seat as Europe falls into the abyss...

The Downturn Worsens: Would Ed Leamer Concede the Reality that We're in and Have Been in a Recession or Worse?

Crisis hammers stocks, U.S. urges unified response

Fed May See Companies, States as Next Crisis Fronts

Financial crisis pummels stocks Arab News

Cramer says Get Out Of The Market Cramer urges viewers to get any capital they are going to need for the next five years out of the stock market.

British commander says war in Afghanistan cannot be won

Job Losses: Worst in 5 years CNNMoney.com

Israel fears new radar will reveal army secrets

O.J. Simpson convicted, jailed in Las Vegas Simpson guilty on all charges in robbery trial (AP)

Financial Tsunami: The End of the World as We Knew It F. William Engdahl | Power and greed are the only visible juice driving the decision-makers in Washington today.

U.S. Sept. ISM manufacturing index plunges to 43.5%

Figures Reveal Corporate Cronyism At Work In Bailout Vote

NeoCon Douglas Feith Chastized for 9/11, WMD Lies WeAreChange.org | Brian Kenny and Matt Lepacek from We Are Change confront Douglas Feith on war crimes.

Analyst: Dollar May Sink, So Look to $1,500 Gold

Russia’s Dissident Bloggers Fear for Their Lives

Government Like Wall Street As Investment Manager Is Not Reassuring (at Seeking Alpha)

David Weidner's Writing on the Wall: Who's profiting from the crisis? Goldman Sachs, of course (at MarketWatch)

The Great Bank Robbery of 2008 The Paulson bailout failed in the House. If it isn’t a death blow to the plan, it should be. This is not an economic plan: it is a heist.

BILL NOW LENGTH OF NOVEL...
Politicians' phones ringing off hook...
Reid reveals: Major insurance company on verge of going bankrupt...

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'... Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST... WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Bailout marks Karl Marx’s comeback Martin Masse
National Post September 30, 2008 In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him…..

Not One Dime! Mike Whitney | Paulson’s plan is loser. Not one dime should go to this latest Wall Street swindle.

$4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed

US desperate for cash seizes ‘$5bn of Saddam’s assets’

CIA ‘backed’ Irish battle against Brussels treaty

Sold to US taxpayers for $700B: banks' bad assets (AP)

`PAPER: WACHOVIA faced 'silent' bank run; FDIC forced sale...`
`Bank Limits Fund Access by Colleges, Inciting Fears...`

Olmert calls for Golan Heights pullout

`Western world will become significantly less wealthy...`
`WSJ: Congress Lives Up to Its 10% Approval Rating by reconsidering bailout of the criminal frauds in this paper’s namesakes wall street name...`
`Harvard economist: Bankruptcy is right answer...`

`PAPER: 'Bailout marks Karl Marx's comeback'...`
`Talk radio holds firm over 'socialist' bailout...`
`EU Bank rescues spread...`
`FDIC asks for temporary hike in $100,000 cap on insured deposits...`

Wall Street Bailout: Making a Deal With the Devil

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

WaMu becomes biggest bank to fail in US history (AP)

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Pakistan warns US troops after exchange of fire

Banking System Will Need Another $500 Billion or More: Gross Point Blank

A 700 Billion Bailout With No Review or Oversight Whatsoever Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

U.S. Troops In Homeland “Crowd Control” Patrols From October 2st

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

69. The stocks you'd buy right now.

70. Those you'd buy on a pull-back.

71. Those you'd sell into strength.

72. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead October 14, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed October 14, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican October 14, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW October 14, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Stocks plunge anew as data points to conveniently belated realization we’re in a recession

The Wall Street Coup and the Bailout Scam
Paulson Doles Out $125 Billion to Wall Street Elite
The Evil of Bailout One of the burning questions regarding the recently passed bailout, and the one that almost no one has bothered to answer, is how the government intends to pay for it. Bailout $700 billion yet national debt increased by over $1 trillion.`They socialize their losses and privatize their gains ….. How is this happening? What a total fraud/scam!`Roubini Sees Worst Recession in 40 Years, Rally’s End

The stock market plunged the most since the crash of 1987 as disappointing retail sales data and credit concerns renewed economic fears. Specifically, the S&P 500 plunged 9.0%, settling near session lows.

Constant parallels are drawn between today's financial meltdown and the Great Depression of the 1930s.

Senator says White House withheld CIA interrogation information

Economic activity weak across U.S.: Fed Beige Book ….. Bernanke’s dour assessment says credit crisis menacing U.S. economy…..daaaaah!

JP Morgan raises 2008-09 gold price forecast

US confronts probability of long, deep recession/depression

Dow Loses 8%

NOT AGAIN!
Biggest % Drop Since 1987...
Dismal...
Feds investigate WASHINGTON MUTUAL failure...
U.S. Stocks Plunge Most Since Crash of `87 on Recession Concern

Total Bailout Cost Heads Towards $5 TRILLION The total potential cost of the financial bailout to the U.S. taxpayer is already rapidly approaching $5 trillion, over seven times as much as the meaningless $700 billion bailout bill figure.

Feds Give Hundreds of Billions to Banks, But Get Only NON-VOTING Shares in Return

U.S. mood plummets as crisis deepens: Reuters poll

U.S. Economy: Retail Sales Slide Signals Deepening Recession

Gunmen Open Fire on U.S. Consulate in Mexico

Journalists targeted in latest Mexico drug violence

Economy sheds most jobs since 2003, more cuts seen (AP)
This is a secular bear market – check out the cycles.Stocks Dive After Vote ...

It's Not You, It's the Market - Now Officially the Worst S&P Decline in History

AIG hits up Fed for more money CNNMoney.com

Decades of Negative Returns: A Long-Term Look at the Dow

Dollar, Euro, Sterling May Be Destroyed Zimbabwe-Style Paul Joseph Watson | Hennecke says hyperinflation will cause gold price explosion.

Treasury plan to inject $125B Weimar dollars in top 9 US banks...

U.S. works on bank plan, IMF warns of further market fall

[$$] Two Banks in Midwest Fail (at The Wall Street Journal Online)

PAKISTAN: FIVE KILLED IN MISSILE ATTACK BY DRONES... DEVELOPING...

NKorea off US blacklist after nuke inspection deal (AP)

Official: Gunmen shoot at US consulate in Mexico (AP)

Banks Hoarding Cash to Pay Derivatives Liabilities

Bankers Want World Economic Government To Solve Financial Crisis They Created Paul Joseph Watson | The culprits who caused the problem offer their solution - more power for themselves.

Japan suffers biggest single-day stock drop for 20 years

Stocks are on track for their worst year since 1937

Global Stocks Tumble, Driving S&P 500 to Worst Week on Record

Swagger turns to shudder a year after market high...
'MAY DROP 50% FROM TOP'...

DOW LOSES 18%...THE WORST WEEK
Crisis becomes global crash...

China’s Central Bank Denies Plan to Buy U.S. Treasury Bonds

Putin’s step toward redemption as he gets tiger cub and greater wisdom for his birthday...

Recession reality plunders Wall Street, Dow dives 678.91 (Reuters)

Dow plunges 679 for 6th triple-digit loss in a row (AP)

GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low

Dow plunges 679 for 6th triple-digit loss in a row (AP)
Prudential becomes latest insurer to warn (Reuters)

Obama/McCain Sheeple Cheer Police Violation Of Free Speech

Thousands of Troops Are Deployed on U.S. Streets Ready to Carry Out “Crowd Control”

ABC: NSA agents admit spying on Americans’ private calls

US report says Afghanistan conflict rapidly worsening

How To Solve the Financial Crisis: Get Rid of the Liars and require term limits After 7 years of lies from Bush, Cheney, Pelosi and the gang, people have stopped believing them.

Asian Stocks Plunge, Set for Worst Week on Record...
Live Chart...
GM Shares Fall to Lowest Level Since 1950...

Aussies joke - and hope - that Communist China can save capitalism…riiiiight...

Retirement accounts have lost $2 trillion so far

‘Economic 9/11′ exacting grim psychological toll in US

30 Civilians Died in Afghan Raid, U.S. Inquiry Finds

Rate cuts boost gold, silver, higher prices imminent

Asian stocks battered on fears for global economy

The Government got you into this mess so don’t trust them to get you out of it, says rogue trader Nick Leeson

Stocks tumble as Wall Street worries about financials

Bernanke: Crisis could prolong economic pain (AP) Daaaaah!

Fed to buy massive amounts of short-term debt creating/printing worthless Weimar dollars like mad with hyperinflationary depression to come as consequence.

Wall Street sinks again on crisis fears (Reuters)

Bernanke signals readiness to cut rates in crushing blow to dollar in desperation (Reuters)

Kiener: Gold Prices To Double On Paper Market Default

Panic as Russian stock market falls by almost 20%

Japan falls nearly 10%.

Asian markets plunge on reality that crisis is spreading...

Evans-Pritchard: Germany takes hot seat as Europe falls into the abyss...

The Downturn Worsens: Would Ed Leamer Concede the Reality that We're in and Have Been in a Recession or Worse?

Crisis hammers stocks, U.S. urges unified response

Fed May See Companies, States as Next Crisis Fronts

Financial crisis pummels stocks Arab News

Cramer says Get Out Of The Market Cramer urges viewers to get any capital they are going to need for the next five years out of the stock market.

British commander says war in Afghanistan cannot be won

Job Losses: Worst in 5 years CNNMoney.com

Israel fears new radar will reveal army secrets

O.J. Simpson convicted, jailed in Las Vegas Simpson guilty on all charges in robbery trial (AP)

Financial Tsunami: The End of the World as We Knew It F. William Engdahl | Power and greed are the only visible juice driving the decision-makers in Washington today.

U.S. Sept. ISM manufacturing index plunges to 43.5%

Figures Reveal Corporate Cronyism At Work In Bailout Vote

NeoCon Douglas Feith Chastized for 9/11, WMD Lies WeAreChange.org | Brian Kenny and Matt Lepacek from We Are Change confront Douglas Feith on war crimes.

Analyst: Dollar May Sink, So Look to $1,500 Gold

Russia’s Dissident Bloggers Fear for Their Lives

Government Like Wall Street As Investment Manager Is Not Reassuring (at Seeking Alpha)

David Weidner's Writing on the Wall: Who's profiting from the crisis? Goldman Sachs, of course (at MarketWatch)

The Great Bank Robbery of 2008 The Paulson bailout failed in the House. If it isn’t a death blow to the plan, it should be. This is not an economic plan: it is a heist.

BILL NOW LENGTH OF NOVEL...
Politicians' phones ringing off hook...
Reid reveals: Major insurance company on verge of going bankrupt...

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'... Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST... WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Bailout marks Karl Marx’s comeback Martin Masse
National Post September 30, 2008 In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him…..

Not One Dime! Mike Whitney | Paulson’s plan is loser. Not one dime should go to this latest Wall Street swindle.

$4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed

US desperate for cash seizes ‘$5bn of Saddam’s assets’

CIA ‘backed’ Irish battle against Brussels treaty

Sold to US taxpayers for $700B: banks' bad assets (AP)

`PAPER: WACHOVIA faced 'silent' bank run; FDIC forced sale...`
`Bank Limits Fund Access by Colleges, Inciting Fears...`

Olmert calls for Golan Heights pullout

`Western world will become significantly less wealthy...`
`WSJ: Congress Lives Up to Its 10% Approval Rating by reconsidering bailout of the criminal frauds in this paper’s namesakes wall street name...`
`Harvard economist: Bankruptcy is right answer...`

`PAPER: 'Bailout marks Karl Marx's comeback'...`
`Talk radio holds firm over 'socialist' bailout...`
`EU Bank rescues spread...`
`FDIC asks for temporary hike in $100,000 cap on insured deposits...`

Wall Street Bailout: Making a Deal With the Devil

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

WaMu becomes biggest bank to fail in US history (AP)

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Pakistan warns US troops after exchange of fire

Banking System Will Need Another $500 Billion or More: Gross Point Blank

A 700 Billion Bailout With No Review or Oversight Whatsoever Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

U.S. Troops In Homeland “Crowd Control” Patrols From October 2st

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

73. The stocks you'd buy right now.

74. Those you'd buy on a pull-back.

75. Those you'd sell into strength.

76. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Large U.S. bank collapses seen ahead October 15, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Meet the Economist Who Correctly Thinks We’re Doomed October 15, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican October 15, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

DEPRESSION IS INEVITABLE NOW October 15, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Today

Stocks plunge anew as data points to conveniently belated realization we’re in a recession

The Wall Street Coup and the Bailout Scam
Paulson Doles Out $125 Billion to Wall Street Elite
The Evil of Bailout One of the burning questions regarding the recently passed bailout, and the one that almost no one has bothered to answer, is how the government intends to pay for it. Bailout $700 billion yet national debt increased by over $1 trillion.`They socialize their losses and privatize their gains ….. How is this happening? What a total fraud/scam!`Roubini Sees Worst Recession in 40 Years, Rally’s End

Constant parallels are drawn between today's financial meltdown and the Great Depression of the 1930s.
Recession looms despite global interventions

Banks borrow record $437.5 billion per day from Fed

McCain vs. Obama: They Can Debate All Night, But Neither Can Save the Economy

‘The global economy is going through a "profound shift" as it deals with the unwinding of debt leverage, which Todd Harrison, CEO of Minyanville.com calls "the mother of all bubbles."
As with the tech bubble before them, bubbles in housing, commodities and hedge funds were all made bigger because of the unfettered use of leverage. The unwinding process is going to result in a "prolonged period of socioeconomic malaise," he says, predicting unemployment will rise will into double-digits before the cycle turns.
The most recent batch of economic data certain support a grim outlook:

Industrial production plunged 2.8% in September, the biggest drop since September 1974.
The Philadelphia Fed's manufacturing index slumped to its lowest level since October 1990.
The National Association of Home Builders' housing market index hit a record low.
The Fed's October Beige Book showed across-the-board weakening of activity in all 12 reporting districts.
September retail sales fell 1.2%, the biggest drop since Aug. 2005.’

Dow Jones Bloodbath Mirroring 1929 Rout Paul Joseph Watson | Bottom should be around 27 per cent below “bailout bounce” according to analyst.
Calls For New Global Financial Order Increase
Banks Hoard Cash as Credit Card Defaults Rise
Not Enough Money in the World: The Real Monster in the Meltdown Closet
Criminals in u.s. criminalizing dissent
Officials: FBI investigates ACORN for voter fraud (AP)
Don’t Blame Capitalism This crisis resulted from government reluctance to regulate the unbridled greed of Wall Street.
Financial crisis: The brighter side One of the more intriguing aspects of the current financial chaos is its effect on political reputations. In the US, it has finished off president bush’s et als, although there wasn’t much there anyway. He is seen as deeply tainted by events/crises of his or his making.
Hypocrisy and humbug from the White House
Ahmadinejad slams US for Iraq ‘oil theft’

Senator says White House withheld CIA interrogation information

Economic activity weak across U.S.: Fed Beige Book ….. Bernanke’s dour assessment says credit crisis menacing U.S. economy…..daaaaah!

JP Morgan raises 2008-09 gold price forecast

US confronts probability of long, deep recession/depression

Dow Loses 8%

NOT AGAIN!
Biggest % Drop Since 1987...
Dismal...
Feds investigate WASHINGTON MUTUAL failure...
U.S. Stocks Plunge Most Since Crash of `87 on Recession Concern

Feds Give Hundreds of Billions to Banks, But Get Only NON-VOTING Shares in Return

U.S. mood plummets as crisis deepens: Reuters poll

U.S. Economy: Retail Sales Slide Signals Deepening Recession

Gunmen Open Fire on U.S. Consulate in Mexico

Journalists targeted in latest Mexico drug violence

Economy sheds most jobs since 2003, more cuts seen (AP)
This is a secular bear market – check out the cycles.Stocks Dive After Vote ...

It's Not You, It's the Market - Now Officially the Worst S&P Decline in History

AIG hits up Fed for more money CNNMoney.com

Decades of Negative Returns: A Long-Term Look at the Dow

Dollar, Euro, Sterling May Be Destroyed Zimbabwe-Style Paul Joseph Watson | Hennecke says hyperinflation will cause gold price explosion.

Treasury plan to inject $125B Weimar dollars in top 9 US banks...

U.S. works on bank plan, IMF warns of further market fall

[$$] Two Banks in Midwest Fail (at The Wall Street Journal Online)

PAKISTAN: FIVE KILLED IN MISSILE ATTACK BY DRONES... DEVELOPING...

NKorea off US blacklist after nuke inspection deal (AP)

Official: Gunmen shoot at US consulate in Mexico (AP)

Banks Hoarding Cash to Pay Derivatives Liabilities

Bankers Want World Economic Government To Solve Financial Crisis They Created Paul Joseph Watson | The culprits who caused the problem offer their solution - more power for themselves.

Japan suffers biggest single-day stock drop for 20 years

Stocks are on track for their worst year since 1937

Global Stocks Tumble, Driving S&P 500 to Worst Week on Record

Swagger turns to shudder a year after market high...
'MAY DROP 50% FROM TOP'...

DOW LOSES 18%...THE WORST WEEK
Crisis becomes global crash...

China’s Central Bank Denies Plan to Buy U.S. Treasury Bonds

Putin’s step toward redemption as he gets tiger cub and greater wisdom for his birthday...

Recession reality plunders Wall Street, Dow dives 678.91 (Reuters)

Dow plunges 679 for 6th triple-digit loss in a row (AP)

GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low

Dow plunges 679 for 6th triple-digit loss in a row (AP)
Prudential becomes latest insurer to warn (Reuters)

Obama/McCain Sheeple Cheer Police Violation Of Free Speech

Thousands of Troops Are Deployed on U.S. Streets Ready to Carry Out “Crowd Control”

ABC: NSA agents admit spying on Americans’ private calls

US report says Afghanistan conflict rapidly worsening

How To Solve the Financial Crisis: Get Rid of the Liars and require term limits After 7 years of lies from Bush, Cheney, Pelosi and the gang, people have stopped believing them.

Asian Stocks Plunge, Set for Worst Week on Record...
Live Chart...
GM Shares Fall to Lowest Level Since 1950...

Aussies joke - and hope - that Communist China can save capitalism…riiiiight...

Retirement accounts have lost $2 trillion so far

‘Economic 9/11′ exacting grim psychological toll in US

30 Civilians Died in Afghan Raid, U.S. Inquiry Finds

Rate cuts boost gold, silver, higher prices imminent

Asian stocks battered on fears for global economy

The Government got you into this mess so don’t trust them to get you out of it, says rogue trader Nick Leeson

Stocks tumble as Wall Street worries about financials

Bernanke: Crisis could prolong economic pain (AP) Daaaaah!

Fed to buy massive amounts of short-term debt creating/printing worthless Weimar dollars like mad with hyperinflationary depression to come as consequence.

Wall Street sinks again on crisis fears (Reuters)

Bernanke signals readiness to cut rates in crushing blow to dollar in desperation (Reuters)

Kiener: Gold Prices To Double On Paper Market Default

Panic as Russian stock market falls by almost 20%

Japan falls nearly 10%.

Asian markets plunge on reality that crisis is spreading...

Evans-Pritchard: Germany takes hot seat as Europe falls into the abyss...

The Downturn Worsens: Would Ed Leamer Concede the Reality that We're in and Have Been in a Recession or Worse?

Crisis hammers stocks, U.S. urges unified response

Fed May See Companies, States as Next Crisis Fronts

Financial crisis pummels stocks Arab News

Cramer says Get Out Of The Market Cramer urges viewers to get any capital they are going to need for the next five years out of the stock market.

British commander says war in Afghanistan cannot be won

Job Losses: Worst in 5 years CNNMoney.com

Israel fears new radar will reveal army secrets

O.J. Simpson convicted, jailed in Las Vegas Simpson guilty on all charges in robbery trial (AP)

Financial Tsunami: The End of the World as We Knew It F. William Engdahl | Power and greed are the only visible juice driving the decision-makers in Washington today.

U.S. Sept. ISM manufacturing index plunges to 43.5%

Figures Reveal Corporate Cronyism At Work In Bailout Vote

NeoCon Douglas Feith Chastized for 9/11, WMD Lies WeAreChange.org | Brian Kenny and Matt Lepacek from We Are Change confront Douglas Feith on war crimes.

Analyst: Dollar May Sink, So Look to $1,500 Gold

Russia’s Dissident Bloggers Fear for Their Lives

Government Like Wall Street As Investment Manager Is Not Reassuring (at Seeking Alpha)

David Weidner's Writing on the Wall: Who's profiting from the crisis? Goldman Sachs, of course (at MarketWatch)

The Great Bank Robbery of 2008 The Paulson bailout failed in the House. If it isn’t a death blow to the plan, it should be. This is not an economic plan: it is a heist.

BILL NOW LENGTH OF NOVEL...
Politicians' phones ringing off hook...
Reid reveals: Major insurance company on verge of going bankrupt...

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'... Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST... WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Bailout marks Karl Marx’s comeback Martin Masse
National Post September 30, 2008 In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him…..

Not One Dime! Mike Whitney | Paulson’s plan is loser. Not one dime should go to this latest Wall Street swindle.

$4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed

US desperate for cash seizes ‘$5bn of Saddam’s assets’

CIA ‘backed’ Irish battle against Brussels treaty

Sold to US taxpayers for $700B: banks' bad assets (AP)

`PAPER: WACHOVIA faced 'silent' bank run; FDIC forced sale...`
`Bank Limits Fund Access by Colleges, Inciting Fears...`

Olmert calls for Golan Heights pullout

`Western world will become significantly less wealthy...`
`WSJ: Congress Lives Up to Its 10% Approval Rating by reconsidering bailout of the criminal frauds in this paper’s namesakes wall street name...`
`Harvard economist: Bankruptcy is right answer...`

`PAPER: 'Bailout marks Karl Marx's comeback'...`
`Talk radio holds firm over 'socialist' bailout...`
`EU Bank rescues spread...`
`FDIC asks for temporary hike in $100,000 cap on insured deposits...`

Wall Street Bailout: Making a Deal With the Devil

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

The United States of America is the Next Argentina Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

WaMu becomes biggest bank to fail in US history (AP)

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Pakistan warns US troops after exchange of fire

Banking System Will Need Another $500 Billion or More: Gross Point Blank

A 700 Billion Bailout With No Review or Oversight Whatsoever Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Taxpayers React with Anger at Wall Street Bailout

Top Economist Mishkin: Worse Than the Depression

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

U.S. Troops In Homeland “Crowd Control” Patrols From October 2st

NO To The Paulson-Bernanke Derivatives Scam Bailout

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

FBI Investigates Four Firms at Heart of the Mess

Goldman, Morgan Stanley Bring Down Curtain on an Era

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

Washington, not just Wall Street, bankrupt: Obama

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

Radical bailout plan has a jawdropping and understated price tag (AP)

77. The stocks you'd buy right now.

78. Those you'd buy on a pull-back.

79. Those you'd sell into strength.

80. The losers you need to sell right away.

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Congress examines $700 billion market bailout plan (Reuters)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

Dodd: The United States “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

Vermont AG candidate says she would prosecute Bush for murder

Iran raps silence on Israel crimes PRESS TV

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

“There is going to be a new financial world order that will be born of this”

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

For prosecution of Bush war crimes, planning begins

Latin America uniting against neocons of Washington

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street shaken by Lehman failure and Merrill sale

Gonzo greenspan lauds his role in creating USA’s 'once-in-a-century' financial crisis...

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

Bush: Iranians Are ‘A**holes’ Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Sex, Drug Use and Graft Cited in U.S. Interior Department

Recession will hit the UK economy this year, warns European Commission

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

Bracing for Another Round of Credit Related Woes

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq? Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

Rangel had no-interest mortgage more than 10 years

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc” Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Feds: hurricane sparks shut-in of 96% of Gulf oil output

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks... Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Alabama governor in talks to avoid local bankruptcy

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. food prices to post biggest rise since ‘90

U.S. soldiers say they executed Iraqis Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

Oil prices rise as commodity investors fear renewed cold war View of economy somber from Fed mountain retreat

Documents reveal PR push for Iraq war preceded intel findings

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

COINTELPRO 2.0 Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Moody's ratings cut latest blow to Fannie, Freddie

Oil jumps $5 on US-Russia tensions, sliding dollar

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Schroeder blames ‘gambler’ Saakashvili for conflict

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Analysts expecting large loss from Lehman: report

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Russia accuses Georgia of plotting armed attack against Abkhazia

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Captured map shows Georgia planned to invade Abkhazia Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Ukraine Threatens to Blockade Russian Ships Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?" The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

Russia: US gave nod to Georgia Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...
US military surprised by speed, timing...

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Fannie Mae posts another huge loss
america is sinking fast

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican October 15, 2008

One Third of New Owners Owe More Than House Is Worth

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...

Wachovia boosts loss to $9.11 bln, cuts more jobs

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

Greenspan says more banks, institutions may founder

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

The Dangers of Neo-Conservative Economic Policies

FCC rules Comcast violated Internet access policy

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

The Lie of the Century Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

Israeli settlers in West Bank defy promise Christian Science Monitor

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

FDIC takes over 2 more banks, closing 28 branches...Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

NY GOV WARNS OF WORST ECONOMY IN DECADES... kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

Force Israel to lift siege, Cabinet tells global community

Justice report faults illegal use of politics in hiring federal prosecutors, judges

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline

Evidence of the US Banking System Teetering on the Brink of Collapse

Dow Drops 200 Points On Housing Data Associated Press | The major indexes fell more than 1 percent, including the Dow Jones industrial average, which fell more than 200 points.

Home sales tumble across USA...
Stocks Plunge...Wall Street tumbles, led by financials
Home builders shares plunge on home sales data (AP)
The slump persists: Home sales tumble across US

GM, Ford ‘On the Verge of Bankruptcy’ Bloomberg | The Z-scores for GM and Ford give both a bond rating equivalent to a CCC ranking, though GM is in slightly worse condition than Ford.

Bush Urged To Issue ‘Pre-Emptive Pardons’ for Illegal Programs Officials

Mortgage giant rescue could cost $25 BILLION... stocks rallied
CALIF. FORECLOSURES UP 261%... stocks rallied

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs... stock rallied

Bush on Economy: 'Wall Street Got Drunk'…seen through the eyes of one who knows about drunk….. stocks rallied

SHOCKING: GM, FORD are on 'Verge of Bankruptcy'... stocks rallied

Deported Gang Members Learned Gun Skills in U.S. CNSNews | Deported criminals are more violent after learning how to use semi-automatic weapons while in the United States.

Judiciary Committee Head Rigs Bush Impeachment Hearings

Police director sues for critical bloggers' names

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

In Forbidden Video, Bush Claims “Wall Street Got Drunk” YouTube | Decider-commander makes fun of the economic meltdown at exclusive River Oaks fundraiser.

The Economic Show Trials Begin William Norman Grigg | Levin and his ilk can no more feel honest shame than a chimpanzee can compose a cantata.

Britney 'to play lesbian killer stripper' in Tarantino movie... Behind the scenes of Hilton's mock ad...

Bernanke, Paulson Pressing and Pressed for Big-Government Bank Bailout

Apple outlook realistically well below fraudulent Wall Street view and that is the difference between well managed and just paper commissioning outright fraudulent as on wall street

SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Widespread earnings woes reflect realistic, real, justified consumer fears/concerns

Bank of America: Doubts Remain (at BusinessWeek)

Nouri al-Maliki ready to oust US from Iraq green zone

Actress Heather Thomas Latest Celebrity to Question 9/11 Fall Guy actress tells magazine WTC was brought down by demolition.

Paulson braces public for months of tough times

MAG: IRAQ LEADER SUPPORTS OBAMA PLAN
Why ICC is wrong on Sudan

U.S. food companies plan hefty price increases
Housing suffers further as economy slouches

Trouble at Fannie and Freddie Stirs Concern Abroad

Threat of mass starvation looms in Zimbabwe after latest harvest fails

Israel soldier shoots arrested Palestinian on film (AFP)

Britain's Brown demands end to Israel settlements (AP)

U.S. troops kill son of Iraqi governor
Afghan officials: U.S.-led forces killed 9 cops

CITIGROUP Reports Smaller-Than-Forecast Loss of JUST $2.5 billion...U.S. Slips to 42nd Place in “Global Life Expectancy”
MERRILL IN A MESS...

American consumers squeezed by surging inflation

Wachovia Securities raided in auction rate probe...

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Pelosi calls her protected (from impeachment) and beloved godfather Bush 'a total failure'like herself and her congress...

Iran Shows Its Cards Scott Ritter | There can no longer be any doubt about the consequences of any U.S. and/or Israeli military action against Iran.

American consumers squeezed by surging inflation Telegraph | Inflation numbers were compounded by a separate US Labour Department report that showed that salaries are declining.

Spain Faces Worst Economic Crisis in its History

U.S.-led forces confirm killing Afghan civilians

US Economy: Consumer Prices Up 5%, 17-Year High

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

Rising Energy Costs and the U.S. Economy Byron W. King | Wait until next winter, when millions of households in the U.S. and Europe cannot afford to heat their homes.

Analysts say more U.S. banks will fail As home prices continue to decline and loan defaults mount, U.S. regulators are bracing for dozens of American banks to fail over the next year

Jim Rogers: Dollar Doomed, Oil Will Go Over $200 per Barrel Soon
This recession could easily be a depression

Bank runs begin as IndyMac borrowers line up in California to withdraw their cash

Reuters | The FDIC said the renamed IndyMac Federal Bank will cover insured deposits, mostly up to $100,000, and initially cover 50 percent of uninsured deposits.

[$$] Crisis Deepens as Big Bank Fails (at The Wall Street Journal Online)

Some chart data/numbers on bear markets: first chart second chart

PAPER: Bush backs Israeli plans for Iran strike...Halliburton Charged with Selling Nuclear Technologies to Iran

FEDS TAKE CONTROL...
Second-largest bank failure in U.S. history...

Chavez says oil could reach $300...Oil Brings Americans Closer to OPEC Debtor Dependence

PAPER: 150 banks nationwide could potentially fail over next year...

Some chart data/numbers on bear markets: first chart second chart

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

Oil sets new trading record above $147 a barrel

FANNIE, FREDDIE FEAR...
$32 billion in assets...
UK At 'Serious Risk' Of Recession
PUMPING MORE WORTHLESS WEIMAR DOLLARS as Fed auctions $75 billion more...Israeli soldiers kill unarmed Palestinian lad
OPEC: Expect Unlimited Oil Prices With Iran Bombing
The head of the Organization of Petroleum Exporting Countries warned Thursday that oil prices would see an "unlimited" increase in the case of a military conflict involving Iran, because the group's members would be unable to make up the lost production.
Oil prices rally on tight supplies, Iran fears
Credit Crunch: 'Worst Yet To Come'
Right now almost every statistic is pointing in the wrong direction - the cost of living is rising, house prices are falling sharply, companies are laying off staff.
U.S. Foreclosures Rose 53% in June, Bank Seizures Almost Triple
U.S. foreclosure filings rose 53 percent in June from a year earlier and bank repossessions almost tripled as deteriorating property values and higher payments on adjustable mortgages forced more people to give up their homes.
Crude Oil Rises as Iran Test-Fires Missile, Dollar Declines

Wall Street slumps into bear market territory...
Similarities between 1929 and 2008 terrifying

Seymour Hersh: US Training Jondollah and MEK for Bombing preparation

Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks
High Likelihood of a Market Crash

Congress votes to immunize lawbreaking telecoms, legalize warrantless eavesdropping
California towns create parking havens for homeless
The Greater Depression
Regulators take over IndyMac Bank in one of nation's largest bank failures (at bizjournals.com)
HR 362 and the Alarming Escalation of Hostility Towards Iran
Constitutional expert Turley on FISA bill: 'The fix is in' The United States Senate is about to vote on a FISA bill that would not only expand the president's powers of surveillance over American citizens but would also forestall civil suits against the telecoms that illegally participated in past surveillance.
Bank of America CEO: Recession may last much longer than a year

OIL PRIZE: Abu Dhabi fund snaps up NY's Chrysler Building...

JESSE JACKSON SAYS HE WANTS TO CUT OBAMA'S 'NUTS OUT'...

Bearish Murdoch sees another year of stock trouble...
Yang accuses dead-weight monopolist MICROSOFT of 'trying to destabilize' YAHOO...

Pickens Sticks with $150 Oil...

Dow ends up 152 on decline in oil, Bernanke/Paulson bull s**t (AP) Wall Street suckers’ bear market rally into the close so sell, sell, sell if you’re smart, as oil prices dropped for the second straight day and investors were encouraged by the possibility of more contributions to their fraud, and Paulson says things are not as bad as the reports in this election year. He’s right. They’re much worse! Remember greenspan’s envy of all the world speeches. Now Bernanke printing hyperinflationary Weimar dollars like mad. They’re dreaming.
Fed study says home price drop ‘necessary’
Russia threatens military response to US missile defence deal
UK At 'Serious Risk' Of Recession The UK is "at serious risk" of recession with the future looking "grim", Britain's business bosses have warned.
'More robust' belated regulation needed for Wall Street firms: Bernanke
World stocks at 21-month low as banks plunge
Black Tuesday as FTSE plummets, bank shares tumble and Britain faces recession 'within months' Britain was facing a deepening economic crisis today as the FTSE plunged into a so-called 'bear market' for the first time in five years.
China's economy to become 'world's biggest' in less than 20 years...
China warns Sarkozy not to see Dalai Lama...
IRAQ INSISTS ON WITHDRAWAL TIMETABLE...

Stocks drop after new record for oil prices (AP)

Dow enters bear market as stocks slide
Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks

IndyMac Seized by US Regulators; Schumer Blamed for Failure Bloomberg - By Ari Levy and David Mildenberg July 12 (Bloomberg) -- IndyMac Bancorp Inc. became the second- biggest federally insured financial company to be seized by US regulators after a run by depositors left the California mortgage lender short on cash.
Regulator to run IndyMac while buyer sought Reuters
Government shuts down mortgage lender IndyMac The Associated Press

Dow's bear market run spells trouble for Wall St

Merrill says GM bankruptcy possible

Oil prices rise past $143 as US oil supplies fall

Stocks post double-digit losses for the first half of 2008

Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks

PUMPING MORE WORTHLESS WEIMAR DOLLARS as Fed auctions $75 billion more...

Pentagon Official Warns of Israeli Attack on Iran

—For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain.

—For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%.

'A Lot of Downside Ahead:' Tracking the Bear with Richard Suttmeier
Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks
Dow's bear market run spells trouble for Wall St
PUMPING MORE WORTHLESS WEIMAR DOLLARS as Fed auctions $75 billion more...
BIS Report gives grim assessment for future economy
Malaysia Sun | The Bank for International Settlements has warned the world to brace for a severe economic downturn.
Oil hits new record above $145 Associated Press | Oil soars to record near $146 amid concerns over hefty drop in US stockpiles, Iran conflict.

Los Angeles, Miami Foreclosures Double; $5 Billion L.A. Mortgages Go Bad...
Analyst sees 'ghost town' in California's Inland Empire...
62,000 jobs lost, off nearly half-million for year

Stocks drop after new record for oil prices (AP)

Dow enters bear market as stocks slide

AP Business Highlights
Merrill says GM bankruptcy possible

Oil prices rise past $143 as US oil supplies fall

Stocks post double-digit losses for the first half of 2008

Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks

PUMPING MORE WORTHLESS WEIMAR DOLLARS as Fed auctions $75 billion more...

Pentagon Official Warns of Israeli Attack on Iran

—For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain.

—For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%.

Stocks post double-digit losses for the first half of 2008

Fortis Bank Predicts U.S. Financial Market Meltdown Within Weeks

PUMPING MORE WORTHLESS WEIMAR DOLLARS as Fed auctions $75 billion more...

Pentagon Official Warns of Israeli Attack on Iran

Business Highlights (AP)
—In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%.

—For the quarter, the Dow fell 7.44%; the S&P lost 3.23%, while the Nasdaq had an anemic 0.61% gain.

—For the first half, the Dow is down 14.44%; the S&P lost 12.83%; and the Nasdaq has fallen 13.55%.

OPEC president reportedly sees oil at $170 this year (other predictions say $200), blames Fed
Oil rises above $141 on weak dollar

Asia stocks wilt, stagflation lingers
Massive Government and Private Sector Job Cuts Coming (at Seeking Alpha)
Business Highlights (AP): Courtesy Financial News - Yahoo! Finance

Israel keeps Gaza border closed
Israelis hack pro-Palestinian websites
Israel Prodding for more pro-israel self-sacrificing, self-destructive U.S. action to Attack Iran

Widespread intimidation seen in Zimbabwe vote The Associated Press - HARARE, Zimbabwe (AP) - Roaming bands of government supporters heckled, harassed or threatened people into voting in a runoff election Friday in which President Robert Mugabe was the only candidate, ensuring he will remain in power despite ...
Mugabe the criminal/murderer (I told and warned of his nefarious/murderous/criminal nature years ago on this site) to confront critics (where are the hypocritical black activists) who when it comes to black crimes remain gutless and hence, without credibility whatsoever or balls

CITIGROUP faces '$8.9 billion writeoff, capital need'...
GM Lowered to 'Sell' by GOLDMAN...
Oil shoots above $140 a barrel...
OPEC predicts fresh high$...

Stocks drop on bank worries, FedEx profit warning
Wall Street's credit crisis heads into second year
Oil rises on Nigeria strike threat, inventory drop

Sarkozy: no Mideast peace without sharing Jerusalem
French President Nicolas Sarkozy said an agreement between Palestinians and Israelis is possible, tomorrow, and that agreement would allow the two peoples to live side-by-side in peace and security.
Palestine-Israel-France, Politics, 6/23/2008

Iran: No logic to enrichment suspension requests
Iran's Foreign Ministry spokesman, Mohammad-Ali Hosseini said today "Israel is by no means in a position to threaten Iran." He made the remarks while commenting on Israeli boast of air show in the Mediterranean and scenario of air strike on Iran.
Iran-UN, Politics, 6/23/2008

Larijani: Iran supports stability in Lebanon
Iran's Parliament (Majlis) Speaker Ali Larijani said yesterday that Iran backs unity of all independent forces in Lebanon who are determined to restore stability in the country.
Lebanon-Iran, Politics, 6/23/2008

Patient put in morgue alive, Journalist gets 3 years sentence
"This extremely harsh penalty, even though partly linked to the absence of the journalist from the trial hearing, sends a dangerous signal to all journalists in the emirate," the organization said.
Qatar, Politics, 6/23/2008

India likely to sign Iran gas pipeline deal soon
Pipeline India is likely to sign an agreement shortly with Iran and Pakistan in connection with the $ 7.4 billion Iran-Pakistan-India (IPI) gas pipeline project.
Regional-Iran-India, Economics, 6/23/2008

China demolishes mosque for not supporting Olympics: group - WashingtonPost.com
Regional-China, Politics, 6/23/2008

Tensions rise between Tibetans, Chinese Muslims - LA Times
Regional-China, Politics, 6/23/2008

U.N. Nuclear Team to Inspect Bombed Site in Syria - WashingtonPost.com
Syria-UN, Politics, 6/23/2008

With a Word, Egyptians Leave It All to Fate - NY Times
Egypt, Culture, 6/23/2008

U.S. Network Falters in Mideast Mission - washingtonpost.com - WashingtonPost.com
Regional-USA, Politics, 6/23/2008

The Violent and Demented Pathology of Michael Reagan In the video clip here, Michael Reagan suggests killing Arab and Muslim babies in the most cruel and inhumane fashion, thus revealing the disgusting and mentally depraved mindset of the neocons. For Reagan and the neocons, there will be peace “when everybody in the Middle East is dead.”
When "Sorry" Is Not Good Enough
Gingrich: Supreme Court decision will ‘cost us a city.’
Cafferty: Why Won't Congress Consider Impeachment?
The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise'

Stock markets threaten to break through 2008 lows

An Elaine Garzarelli Moment - High Likelihood of a Market Crash: All Elements in Place for a Crash to Occur

Stocks drop on bank worries, FedEx profit warning
Wall Street's credit crisis heads into second year
Oil rises on Nigeria strike threat, inventory drop
Gas prices climb to record $4.10
Bush 'war crimes conference' to convene in Mass., plan prosecution of admin. officials
Haditha victims’ kin outraged as Marines go free McClatchy Newspapers | “The acquittal of Marines for having killed 24 Iraqi civilians should come as no surprise. Do the Crips ever convict their fellow gang members for drive-by shootings that kill innocents?”
“Kill Everybody” YouTube | U.S. Army Specialist Darrell Anderson talks about U.S. policy in Iraq.
Israel exercising for nuclear disaster with Iran
Iran says Israel not capable of threatening it
Bolton the Incompetent Mental Case Hopes Israel will attack Iran after election, before inauguration...
Bodies in WTC 7: Jennings Interview Demolishes Official Version
Emergency Official Witnessed Dead Bodies In WTC 7

Editorial: Specter of a new Cold War
Rice visit underlines failures

Online Journal | The next crisis is already beginning in the $62 trillion market for Credit Default Swaps. You never heard of them? It’s time to take a look, then.
Global Crash Coming Lew Rockwell | The Fed and its partners in crime have inflated so much that they fear global hyperinflation — Zimbabweworld — and therefore have to counterfeit less, and won’t have their usual bailout tools.
RBS issues global stock and credit crash alert
Bush gets rock-bottom rating from Americans: survey
Royal Bank of Scotland issues global stock and credit crash alert
Ex-Bear managers charged, crackdown on mortgage fraud
'US fabricates intel to justify presence'
Thousands 'missing' in Tibet
Stocks rise, helped by oil price tumble But Sean Brodrick, a natural resources analyst for MoneyandMarkets.com, said, "oil bears and stock bulls alike are seizing on this news from China like drowning men grasping at lifelines." "I hope they can live with disappointment," he said in emailed comments. The effect is to raise China's gasoline and diesel prices by 46 cents a gallon, he said, and that's "probably not enough to have much impact on existing demand."

Bank issues global stock and credit crash alert...
Write Offs to Top $1.3 Trillion?
Treasury Sec. To Urge New Fed Powers; Bank Would Help Police Wall Street…riiiiight!...and if you believe that they have swamp land in jersey, the brooklyn bridge, and some old watches to sell you…..Who’s going to police the fed.

Stocks drop on bank worries, FedEx profit warning
Wall Street's credit crisis heads into second year
Oil rises on Nigeria strike threat, inventory drop

The Violent and Demented Pathology of Michael Reagan In the video clip here, Michael Reagan suggests killing Arab and Muslim babies in the most cruel and inhumane fashion, thus revealing the disgusting and mentally depraved mindset of the neocons. For Reagan and the neocons, there will be peace “when everybody in the Middle East is dead.”
When "Sorry" Is Not Good Enough
Gingrich: Supreme Court decision will ‘cost us a city.’
Cafferty: Why Won't Congress Consider Impeachment?
The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise'

Zimbabwe opposition leader pulling out of election Morgan Tsvangirai, leader of the main opposition party in Zimbabwe speaks at a press conference in Harare, Sunday, June, 22, 2008. Tsvangirai said Sunday he is pulling out of this week's presidential runoff because of mounting violence and intimidation made it impossible to hold a credible poll. Tsvangirai announced his decision during a news conference in Zimbabwe's capital after thousands of ruling party militants blockaded the site of the opposition's main campaign rally in a now routine pattern of intimidation. (AP Photo/Tsvangirayi Mukwazhi)

Israel ignores US Need for Credibility/Non-israeli Alignment/Pressure
No, imperialism isn’t dead! George dumbya bush and his immaculately turned-out wife are saying their last goodbyes to Europeans who have served the Bush administration well and admonishing others to stay with the program even when...
'100 years to recover from Bush'
The Next Crisis: 'Credit Default Swaps'-- Subprime is a Just a 'Vorspeise'

Official: Israel may be indirectly buying Iranian oil...

REPORT: Gore's personal electricity consumption 'up 10%'...Clear No vote as EU treaty fails
Talk show host Michael Reagan calls for murder of anti-war activist
Just Your (Much Worse Than) Average Bear Market
'Kucinich Vows to Introduce 60 Articles of Impeachment if Congress Fails to Act
Talk show host Michael Reagan calls for murder of anti-war activist Radio talk show host Michael Reagan is calling for the murder of political activist, Mark Dice, after hearing that Dice is mailing letters and DVDs to troops in Iraq. Reagan wants to pay for the bullets.

Iraq says talks with U.S. on pact reach "dead end"
Deadlock Over Iraq-US Security Pact Which Threatens Iraqi Sovereignty…..t
A Destroyed Friendship Marked by Deepening Distrust

In further Attempt to Sabotage Peace Process israel to Build 1,300 New Settler Homes Why isn’t rice spouting the reality that the world has lost it’s patience with israel

Foreclosures Rise 48% in May as U.S. Bank Repossessions Double
US inflation up sharply on gasoline
FHA Loses $4.6 Billion - Denies Insolvency

Dog Swept Up, Killed By NYC Street Sweeper…just another dog day afternoon in the big apple…no big deal...

Secret Plan To Kill Internet By 2012 Leaked?
Sneak Peak - TRUTH RISING: The 9/11 Chronicles Part One
Ireland Set To Vote On EU Dictatorship
Democrats protecting Bush from impeachment: scholar
An Ohio Democratic lawmaker and former presidential candidate has presented articles of impeachment against President George W. Bush to Congress. Thirty-five articles were presented by Rep. Dennis Kucinich to the House of Representatives late Monday evening, airing live on C-SPAN. "The House is not in order," said Kucinich to Speaker Nancy Pelosi (D-CA), upon which the incompetent, hypocritical, protector of godfather bush pelosi (she need not remind anyone of her i…talian –what makes them love facism- background or that she has no balls) pounded her gavel. "Resolved," Kucinich then began, "that President George W. Bush be impeached for high crimes and misdemeanors, and that the following articles of impeachment be exhibited to the United States Senate. (.pdf format) ...

Oil looks set to test $139 record
Gazprom predicts oil will reach $250
Israeli tank fire kills girl in Gaza
4 Afghan civilians killed in US raid
Morgan Stanley Analyst Sees Oil Driven To $150 By July 4
Inflation Is at Hand and the Fed Knows It
The Fed's Coming Rate Hikes
Fed Policymakers Are in a Tough Spot

IT IS MORE THAN DIFFICULT TO IMAGINE AFTER A HEATED PRIMARY CAMPAIGN (WHICH OBAMA HANDILY WON – DON’T BUY THE SPIN OR THE LIMBAUGH VOTES) OF CLINTONIAN DIRTY TRICKS, PAST CLINTONIAN FOIBLES COME BACK TO HAUNT THEM, AND CLINTONIAN PRIOR ADOPTION OF NOW PROBLEMATIC/DEVESTATING POLICIES AS NAFTA/TRANSFER OF MANUFACTURING/TECHNOLOGY BASE TO CHINA, ETC., THE PURPORTED AGENT OF CHANGE, OBAMA HAS SEEMINGLY BELYING AND CONTRARY TO MESSAGE WHILE IGNORING SURVIVAL INSTINCTS THAT WOULD BESPEAK SELF-DESTRUCTIVE IMPULSE, EMBRACED OF ALL PEOPLE THE INCOMPETENT, GREEDY FEINSTEIN (OF THE LAND OF FRUITS AND NUTS WHERE SHE HAS GOTTEN AWAY WITH WHAT IS TABOO IN AMERICAN POLITICS WHEN A MAYOR MOVES ON TO U.S. SENATOR AND BECOMES WEALTHY THROUGH GOVERNMENT CONTRACTS/TRADE WITH CHINA TO HUBBY BLUM & COS. TO THE DETRIMENT AND EXPENSE OF TAXPAYERS – MAYORALTY POLITICS ARE TOO LOCAL, TOO CORRUPT) TO DILUTE IF NOT MAKE IMPOSSIBLE ANY REAL CHANGE WHATSOEVER SINCE CLINTONS/BUSHES ARE FLIP SIDES OF THE SAME CORRUPT COIN/PROBLEMS.

Pakistan Condemns ‘Cowardly’ US Airstrike
Deal Impossible in 2008 Because of israel/u.s. actions: Fayyad
Editorial: Alienating Allies

Stocks fall sharply as oil prices surge...
'May peak at $150-170 soon'...
Corn hits new record...

Washington Post Mentions Obama's Handler Is Bilderberg
Make No Mistake: McCain’s a Neocon
McClellan to testify in House in CIA leak probe
Mainstream Media Blackout on Bilderberg Meeting
No Excuse For Lack Of Bilderberg Coverage
Iran Threatened After Gates Bilderberg Visit
Kucinich presents Bush impeachment articles
Deadly Fallout From Obama's Groveling Before Israel Lobby

Israeli Troops Kill 3 Freedom Fighters

HILLARY WAVES GOODBYE...
Milbank: A Thank-You for 18 Million Cracks in the Glass Ceiling...
'We Are Family'?
Supporters cheered, hundreds also booed, loudly...
Clinton ends historic presidential bid...
Vanquished...
Credit crisis still not behind Wall Street (AP)
Saudi Abandoned in Israeli Prison Refutes Accusations
DOUBLED IN A YEAR

DOW PLUNGES 400...
Jobless rates jumps to 5.5%; biggest rise since '86...
$139: OIL'S BIGGEST DAY

Oil posts record $6 gain on weak U.S. dollar 6-5-08
Foreclosures hit a record high — and more coming 6-5-08
IT'S HIS CHOICE 6-5-08

Clinton's Road to Second Place Wall Street Journal - By JACKIE CALMES WASHINGTON -- Sen. Hillary Clinton, once positioned to be Democrats'"inevitable nominee," won't be.
Clinton offers praise, does not concede USA Today
Obama: Triumphant end to long primary season San Francisco Chronicle
Chicago Tribune - The Associated Press - Reuters - Bloomberg
HILLARY: NOT TONIGHT...

MCCAIN: THE GENERAL ELECTION BEGINS...
Will compete for Clinton backers...
Obama Clinches Democratic Nomination...
Obama Speech: In Full...
Clinton juggernaut coughs and splutters to a halt...
Wants time to 'catch her breath'...
Iran not seeking to build nuclear weapons: Putin...
Bank downgrades, Wachovia ouster rocks markets
George Soros: 'We face the most serious recession of our lifetime'
Israel to build new homes in occupied West Bank to Sabotage the so-called Peace Process and further embarasses u.s. (Reuters)
When Will Israel Quit Pretending? Linda Heard Successive Israeli governments have perfected the art of announcing one thing and doing just the opposite. Almost every member of the Israeli leadership says a two-state solution on the lines of “the...
Report: Palestinian textbooks portray jews realistically (AP)
Ahmadinejad says Israel will soon disappear…AS RATIONAL, CIVILIZED, BENEVOLENT PEOPLE CHEER HIS WORDS...

'US evidence against Iran fabricated'
Rough Sledding for Bush's Covert Iran Finding: Petraeus' Iran Obsession
Alexis de Tocqueville's Observations on American Society

MSNBC: White House Officals Are ‘Flat Out Angry,’ Calling McClellan ‘Traitor,’ ‘Benedict’
What about just calling him truthful. After all, what they did are war crimes.
War on the Clintons There is a vast right and left-wing conspiracy against Hillary Clinton. Riiiiight.
Hillary's Assassination Politics
Phony McClellan Controversy Hyped To Cast Suspicion On Iraq Propaganda Former White House press secretary Scott McClellan's new book, in which he accuses the Bush administration of using propaganda to sell the invasion of Iraq, is being used as a sideshow by the corporate media to "debate" and cast suspicion upon the manifestly provable fact that Bush led America into a war based on lies.
Bill O’Reilly on “Judas” Scott McClellan Phone sex pervert mental case o’reilly “knows” mass-murdering war criminal bush is very Christ-like. Riiiiight.
McClellan's father on his book Blood, Money & Power: How L.B.J. Killed J.F.K
Fomenting inflation to pay for war
U.S. Bank Failures Loom

Inflation-wary Fed looks ahead to rate increases
Former spokesman bashes Bush in new book
Study documents nearly 1,000 lies from Iraq war propaganda campaign
Former White House spokesman: Bush used 'propaganda' to sell war
FLASHBACK: Bush's 'Gulf Of Tonkin' Underlines Criminal Desperation For War
FLASHBACK: In 1999, Bush Craved Opportunity to Attack Iraq
FLASHBACK: Memos Prove Rumsfeld Directed Psychological Terror Campaign
FLASHBACK: The lies that led us into war
FLASHBACK: Downing Street Memo: Ministers were told of need for Gulf war ‘excuse’
White House reacts negatively to ex-aide's book...
Obama: McClellan 'confirmed what a lot of us have thought for some time'...
PELOSI: 'I TOTALLY AGREE'...
**VIDEO** Rove: McClellan Sounds Like Left Wing Blogger...
BARTLETT: 'TOTAL CRAP'...
Congressman: McClellan Must Testify Under Oath...
Bashed Tell All Memoirs, Before He Wrote His Own...
TV TOUR KICKS OFF ON NBC...
Book Roars to #1 at AMAZON.COM...

"Until lions have their historians, tales of the hunt shall always glorify the hunters" -- African Proverb

Top Source Says Bush To Strike Iran By August because as with the debacle in Iraq, they want to deflect attention from their gross incompetence, now war crimes, and the fact they don’t know what they’re doing which warrants disgust The Bush administration is planning to carry out air strikes against Iran by August and two U.S. Senators have already been briefed on the attack according to a report in the highly respected Asia Times, which cites a former assistant secretary of state and U.S. career diplomat as its source.
Spooks Promise Terror Attack For New President Paul Joseph Watson | Both Clinton and Bush exploited bombings within first year of taking office, Obama or McCain likely to enjoy the same opportunity
U.S. Economy: Confidence Falls as Home Values Decline
Qurei': Borders of Palestinian state is 1967 borders
Head of Palestinian delegation for final status negotiations, Ahmed Qurei' said today that the borders of the Palestinian state is the 1967 borders, adding this is a fixed position and would never be changed.
Palestine-Israel, Politics, 5/27/2008
Najjar: Iran, Syria defense cooperation at highest level
Iran's Minister of Defense and Armed Forces Logistics Brigadier General Mostafa Mohammad-Najjar said today that defense cooperation between Iran and Syria is at the highest level.
Syria-Iran, Politics, 5/27/2008
Israel denies 94 percent of requests for West Bank building permits
the Israeli occupation forces wounded fifteen children and arrested nine Palestinians today in the Israeli ongoing offensive in the West Bank city of Qalqiliya
Palestine-Israel, Politics, 5/27/2008
Carter: Israel has 150 nuclear weapons
Israel has at least 150 atomic weapons in its illegal nuclear arsenal, according to former US president Jimmy Carter.
Iran-Israel-USA, Politics, 5/27/2008
Israeli demolition threatens 3,000 Palestinian homes: UN - Yahoo! News
Palestine-Israel, Politics, 5/27/2008
Barak Asks Olmert to Quit

FORMER WHITE HOUSE PRESS SEC. WHACKS BUSH IN BOOK...
In Book, Ex-Spokesman Has Harsh Words for Bush New York Times - By ELISABETH BUMILLER PHOENIX - President Bush “convinces himself to believe what suits his needs at the moment,” and has engaged in “self-deception” to justify his political ends, Scott McClellan, the former White House press secretary, ...
Bush misled US on Iraq, former aide says in new book Atlanta Journal Constitution
Ex-White House Press Secretary Scott McClellan Rips Bush, White ... FOXNews
Explores Bush cocaine rumors...
Blistering criticism of Condoleezza Rice...
PRICES DROP MOST IN 20 YEARS...

Single-family home prices tumble in March
GM, Ford stock extend slide on dimming outlook
New reports give bleak outlook on housing, economy
AS ALWAYS, A DAY LATE AND A DOLLAR SHORT IS THE INEFFABLY INCOMPETENT GREENSPAN: Greenspan says recession still likely in U.S.: report

Report: Buffet says US is already in recession (AP)

Carter sees superdelegates prompting Clinton to quit...
Hillary's Assassination Politics
Clinton could face uneasy return to Senate...
Obama Says Focus on Florida Her 'Last Slender Hope'...

Three Additional Superdelegates Support Obama KHON2
PNAC Think Tank Web Site Shut Down May 23, 2008 …It is pretty obvious why they would decide to take down the official web site for the think tank. The Rebuilding America’s Defenses document must be incredibly embarrassing for them and there’s little doubt that it has served as a public relations nightmare for the neoconservatives. When examining the 9/11 attacks, it is necessary to look at who had the most to gain. Clearly, the neoconservatives who came into power with the Bush administration back in 2001 had the most to gain and this particular document proves it. The neoconservatives are nothing more than war mongering, anti-American, big government terrorists that have brought ruin to this country. Either way, the removal of their web site looks to be an indication that their agenda is being discredited on a massive scale.

Clinton regrets (not really since the same represents her unspoken hope and typical clintonian criminal desperation) RFK assassination remark

Clinton: Dazzling turns to fizzling
Clinton draws rebuke (which should be outrage) over RFK assassination remark

Israeli army kills three freedom fighters in Gaza: medics

Ford abandons '09 profit goal, recovery sputters

Moody's shifts debt analysts as banks complain: WSJ

Home prices drop, jobless rolls at 4-year high
Fed sees slower growth, higher unemployment in `08
Pentagon Cannot Account For $15 Billion
Increased U.S. airstrikes in Iraq killing more civilians
CIA Protects Al-Qaeda Group From Extradition Paul Joseph Watson | Jundullah organization, blamed for bombings in Iran, being advised by U.S. intelligence reports ABC News.
Oil Expert: By Summer, Oil To Hit $200 Per Barrel
Energy expert: Gas could reach $15 per gallon
Producers say $200 oil is possible as prices hit record three days running
Tony Blair 'moments from death' after Israeli fighter jets threatened to blow his plane out of the sky
HSBC raises gold, silver, platinum price forecasts
SHOCK: CLINTON RAISES ASSASSINATION ISSUE; DEFENDS LONG-RUNNING CAMPAIGN
HILLARY REGRETS...
SEE THE VIDEO...
SHE SAID SAME THING IN MARCH?
Iran: US conning Iraqis into slavery
China, Russia denounce US missile plans in Medvedev debut
War Abroad, Poverty at Home Paul Craig Roberts | The neoconized war party is destroying the economic prospects of American citizens.

US-Led Pseudo, Faux, Fake Capitalist System Headed for Collapse. Who could have missed that reality?
China, Russia condemn US missile defense...
Sign nuclear deal...
CONGRATULATIONS, AMERICA ... CHILDREN ARE BEING TORTURED IN YOUR NAME George Washington's Blog | 5-22-08 Over the last 24 hours, news about U.S. torture has been leaking out:

- The U.S. military not only tortured prisoners for themselves, but also did the "dirty work" of "softening up" prisoners for Chinese interrogators

The U.S. has also tortured prisoners to death in Guantanamo, Afghanistan, Iraq and elsewhere.
Not bad enough for you? Well, the U.S. has imprisoned 2,500 children since 9/11 as "enemy combatants", in violation of the Geneva Convention against classifying children as POWs. Still not disgusted? Okay . . . Pulitzer-prize winning reporter Seymour Hersh says that the U.S. Government has videotapes of boys being raped at Abu Ghraib prison (see also this and this). This doesn't come as a complete surprise, given that assistant deputy Attorney General John Yoo has publicly argued that the president can order the torture of a child of a suspect in custody – including by crushing that child’s testicles. Congratulations, America. This is being done in your name. If you're not sick to your stomach by learning that your government has been killing and torturing people - including children - then you are a psychopath or a pervert. Don't try to tell me that torture is a necessary evil. It is well-known by professional interrogators that torture doesn't work. Experts on interrogation say that torture actually interferes with the ability to gather useful information.
COURT: TEXAS HAD NO RIGHT TO TAKE POLYGAMISTS' KIDS...
'OVERSTEPPED AUTHORITY'...
Failed to provide any evidence children were in imminent danger...
Oil to hit $200 a barrel, says ace Indian analyst
US opposes cluster bomb ban, backs 'technological fixes'
Uncle Sam Wants Thugs And Illegal Aliens Ethan Allen | It’s easy to see tyranny in motion when the U.S. military openly hires felons, and goes against its own policy to hire illegal aliens in return for citizenship.
The Bushes and Hitler’s Appeasement Robert Parry | The irony of George W. Bush going before the Knesset and mocking the late Sen. William Borah for expressing surprise at Adolf Hitler’s 1939 invasion of Poland is that Bush’s own family played a much bigger role assisting the Nazis.
‘Dean of Oil Analysts’ Predicts $12-15-a-Gallon Gas
GOOGLE FOUNDER SLAMS MICROSOFT...WASHINGTON (AP) - Google billionaire co-founder Larry Page (correctly) criticized a potential Microsoft takeover of Yahoo, saying it would concentrate too much power in the online communications (microsoft is a known stifler/censorer of communications, email being but one example) market, stifling innovation and curbing competition…
Drug Cartels to Mexican Police: ‘Join Us or Die’ Associated Press | Wall Street drug cartels tell Mexican cops over their radios and recruiting banners to join them or face execution.
Teenager, 15, facing prosecution for holding a sign TRUTHFULLY labelling Scientology 'a cult’ albeit a government protected fraud/b.s. story (not a religion) for some strange reason indicative of american decline'
Gold price may double in long-term: Citigroup
Dollar Crumples As Oil Surges
Goldman Sachs Analyst: $200 Oil. Now passed $134, is there any doubt?
Oil crosses $129 for first time, heads for $130 Jerry Mazza | Goldman Sachs economists believe gas prices have taken the “punch” out of Bush’s absurd fiscal package.
Crude Oil, Gasoline Keep Setting Records Associated Press | “We’re looking at $4 a gallon (for regular nationwide) once we get past Memorial Day and into June.”
Dollar Declines as IMF Says Risks to Financial System Remain
BUMBLING dinosaur-war criminal bush Speeches Reflected an Inability to Evolve
How Empires Fall Paul Craig Roberts | US living standards collapsing, and the formerly indispensable omnipower now world menace will be just another washed up country.
U.S. Hiding True Unemployment Numbers
$12 GALLON GAS 'INEVITABLE'...
SUPER SPIKE: OIL $134...
OIL EXECS DEFEND...
AMERICAN to begin charging for first checked bag...
High gas prices drive farmers -- back to mules!
POLL: Obama leads McCain in November match...
Clinton fades away on television...
Syria and Israel start peace talks
Syria and Israel have started indirect peace talks, under the auspices of Turkey, Israel's Ministry Of Foreign Affairs said.
Syria-Israel, Politics, 5/21/2008
Bush reiterates support for Palestinian state
The Palestinian people have suffered for decades and have earned the right to their own homeland, US President George W. Bush says, and the United States strongly supports the creation of a Palestinian state based on the rule of law and social justice. Palestinian President Mahmoud Abbas stressed yesterday that the "right of return" is sacred and never be delayed.
Palestine-Israel-USA, Politics, 5/21/2008
Israeli strikes kill Palestinian boy and a man
Two people were killed in separate Israeli air strikes in the Gaza Strip on Tuesday.
Palestine-Israel, Politics, 5/21/2008
US support for Israel is in vain and quite stupid: Mottaki
Israel is declining and the US support for Israel is of no effect, Iran's Foreign Minister Manouchehr Mottaki said yesterday.
Regional-Iran-USA, Politics, 5/21/2008
Soltanieh submits Iran nuclear proposals to ElBaradei
Iran's envoy to the International Atomic Energy Agency (IAEA) Ali-Asghar Soltanieh today offered Iran's package of proposals to the IAEA Chief Mohamed ElBaradei.
Iran-UN, Politics, 5/21/2008
Israeli siege 'significant risk to public health' UK warns
Britain's Department for International Development has been monitoring the humanitarian situation in Gaza, warning its assessments show that it is "extremely serious and that there are significant risks to public health."
Palestine-Israel-UK, Politics, 5/21/2008
Oil prices could reach $140 by year end: CGES
Oil prices are likely to continue to rise reaching an average of 140.4 dollars per barrel (dpb) by the final quarter of this year should non-OPEC supply fail to meet pessimistic forecast, according to the Center for Global Energy Studies (CGES).
Regional, Economics, 5/21/2008
Saudis Rebuff Bush, Politely, on Pumping More Oil - NY Times
Saudi Arabia-USA, Politics, 5/21/2008
No agreement on Gaza truce: Palestinian official - WashingtonPost.com
Palestine-Israel, Politics, 5/21/2008
Israel to add 286 homes to WBank settlement - Yahoo! News
Palestine-Israel, Politics, 5/21/2008
Mutual Dismay Over Jewish Settlements: Israeli Premier Seeks To Balance Growth - WashingtonPost.com
Palestine-Israel, Politics, 5/21/2008
U.S. ranks in lower half of Global Peace Index - LA Times
Regional-USA, Politics, 5/21/2008
Iraq Finds Its Arab Neighbors Are Reluctant to Offer Embrace: Sunni States Refuse to Forgive Debt, Send Ambassadors - WashingtonPost.com
Iraq-Regional, Politics, 5/21/2008
Sunni Insurgents in Mosul Offered Amnesty and Cash - NY Times
Iraq-USA, Politics, 5/21/2008
U.S. Deploys a Purpose-Driven Distinction: Reluctance to Identify Foes as Sadrists Reflects View of Iran and Fragility of Security Gains - WashingtonPost.com
Iraq-USA, Politics, 5/21/2008
Sons of Iraq? Or Baghdad's Sopranos? - LA Times
Iraq, Politics, 5/21/2008
In Iraq, U.S. apologizes for soldier using Koran in target practice - LA Times
Iraq-USA, Politics, 5/21/2008
US defends detention of children in Iraq - Yahoo! News
Iraq-USA, Politics, 5/21/2008
Iraq's Slow Refugee Funding Has Ripple Effect: U.N. Says It May Scale Back Its Effort; Some Nations Have Withheld Payments - WashingtonPost.com
Iraq-UN, Politics, 5/21/2008
New Troops in Iraq Will Keep Number at 140,000 - WashingtonPost.com
Iraq-USA, Politics, 5/21/2008
War Takes Toll on Baghdad Psychiatric Hospital - NY Times
Iraq, Politics, 5/21/2008
Facts about the Golan Heights - LA Times
Syria, Politics, 5/21/2008
Audio Message From bin Laden Condemns Israel - NY Times
Regional-Israel, Politics, 5/21/2008
GCC Leaders Emphasize Commitment to Peace Plan
Ventura Attacks Media for Criticizing Free Speech
Gen. Odom: Military Analysts Can’t Defend Relationship With Pentagon ‘Because Of Its Conspiratorial Nature’
Israeli and US death squads infesting the world
Iceland tops list of peaceful nations, U.S. 97th
Bush Nazi Connection Mentioned on The View David Edwards and Muriel Kane | You family did not stop with supporting fascists and Nazis abroad, did they Mr. Bush? Surely you must know of your grandfather’s role in the treasonous plot of 1933 to overthrow democracy in America?
Obama wins Oregon, moves to brink of nomination
PRIMARY RESULTS:
KY...
OR...
OBAMA CROSSES DELEGATE THRESHOLD...
OIL FUTURES PASS $130 AS FEARS OF SHORTAGES WITHIN FIVE YEARS GROW...
U.S. gasoline prices hit record $3.79/gallon: survey
Pentagon 9/11 Flight 'Black Box' Data File Created Before Actual 'Black Box' Was Recovered
Ollie’s Ordnertruppen Kurt Nimmo | Fascism usually looks and smells about the same, no matter the country or period of time.
Federal Government Taking Bids On Construction Of Internment Camps Steve Watson & Paul Watson | Under pretext of immigration control, government building “family detention centers.”
Don’t Depend on Outsiders for a Settlement of Mideast Dispute
KURTZ: Feud Fuels Bill O'Reilly's Blasts at GE...

Oil sets record near $128; pump price at high, too

In Speech Before Israeli Parliament, bush, the criminally insane war criminal, the moron who has mastered the malapropism, in a comparison that would be as hitler might have condemned the Resistance, preposterously Compares Democrats To Nazi-Appeasers – if anything they could be compared to nazi/war criminal/bush facilitators
Ghoul jew-man joe lieberman Finds “Appeal” in Slaughtering Iranians
Israel’s 60 years of nuclear proliferation
Ahmadinejad says Israel doomed
Greenspan Says Oil to Keep Rising on Capacity Limits
U.S. Heading for Double-Digit Inflation
No End in Sight for Home Foreclosures
JPMorgan Chase CEO: Recession Just Beginning
Bank of England warns no more rate cuts before 2010 as credit crisis deepens
Bank of England: Get Ready for Increased Misery

Edwards gives long-awaited endorsement to Obama... THE TICKET?
FEEL NO PAIN: INFLATION 'EASES' (riiiiight…only the dumbest believe their lies) AS FOOD PRICES JUMP MOST IN 18 YEARS...

4.5 million Palestinian refugees living in 59 camps
PLO National and Relation Department said that the number of Palestinian refugees reached 4.5 million, of whom about 1.5 million live in 59 camps in Jordan, Syria, Lebanon, Iraq and the Palestinian territories.Palestine-Israel, Politics, 5/13/2008
No reason to celebrate 'Israel at 60': Palestinian NGO
Even after fifty years of living the Palestinian exile I still find myself astonished at the length to which official Israel and its supporters will go to suppress the fact that a half century has gone by without Israeli restitution, or acknowledgment of Palestinian human rights, Edward Said, wrote commenting on the "Israel at 50" celebrations in the US in 1998. Palestine-Israel, Politics, 5/13/2008
Arab Israelis status on 60th anniversary of Israel's establishment
50% of the population of Israel are opposed to the idea that the Arab and Jewish Israelis should enjoy equal civil rights, while 78% of them are opposed to the idea that Arab political parties should have representatives at government bodies Palestine-Israel, Politics, 5/13/2008
190 Palestinian children arrested in 2008
Media Office of the Nafha Society for Defending Detainees Rights and Human Rights said that the Israeli occupation forces arrested 190 children since the beginning of 2008. Palestine-Israel, Politics, 5/13/2008
Israeli bulldozers raze land in Hebron
Israeli occupation bulldozers bulldozed and destroyed today morning a piece of land south of the West Bank city of Hebron, in preparation for erecting a military site, local sources said. Palestine-Israel, Politics, 5/13/2008
Hosseini: Israel behind all regional crises
Iran's Foreign Ministry Spokesman Mohammad-Ali Hosseini said Sunday that all regional crises are the results of the Israel's racist and expansionist policy.
Iran-Israel, Politics, 5/13/2008
Iran-IAEA nuclear talks continues Iran-UN, Politics, 5/13/2008
Blackwater returns to Iraq
Guards for the security company, Blackwater, were involved in a shooting in September that left at least 17 Iraqis dead at a Baghdad intersection where outrage over the killings prompted the Iraqi government to demand Blackwater's ouster from the country. Iraq-USA, Politics, 5/13/2008
Supply fears push oil beyond $126
Crude oil prices have hit yet another all- time high in New York, tipping beyond $126 a barrel. Regional, Economics, 5/13/2008
60 years on, refugees visit lost Jerusalem homes - WashingtonPost.com Palestine-Israel, Politics, 5/13/2008
After 60 Years, Arabs in Israel Are Outsiders - NY Times Palestine-Israel, Politics, 5/13/2008
Palestinian Unit Battles Gunmen In Test for U.S.-Funded Program - WashingtonPost.com Palestine-USA, Politics, 5/13/2008
Iraq envoy rejects Democrats' anger over US funding - Yahoo! News Iraq-USA, Politics, 5/13/2008
U.S. military hits a wall in Sadr City - LA Times Iraq-USA, Politics, 5/13/2008
Iraqi officials: Turkey hits Kurdish bases in Iraq - WashingtonPost.com Iraq-Turkey, Politics, 5/13/2008
U.S. Army To Baghdadis: Do You Really Live Here? - CS Monitor Iraq-USA, Politics, 5/13/2008
Frustration and Deceit on U.S.-Iraqi Patrol in Mosul - WashingtonPost.com Iraq-USA, Politics, 5/13/2008

Gas prices up? All in your head, fake government data says
JPMorgan Chase CEO: Recession Just Beginning
Bank warns living standards are set to fall in face of soaring inflation and struggling economy
Clinton campaign acknowledges $20 million debt
Carville: 'I have undated check written out for Obama...'
Unnecessary Wars as is bush’s Iraq Debacle: How Empires Such as Britain and Now america Fall
Bugliosi: George W. Bush Should be Tried for Mass Murder

Einstein letter: Belief in God 'childish,' Jews not chosen people...
Obama promises no let-up in his competition with other candidates as to who can be the most american-self-destructively supportive of International war criminal nation israel
Ahmadinejad: Israel to be 'swept away soon'…YEAH!…..
Superdelegates put Obama within mathematical reach
Clinton status puts focus on her $20 million debt
Sands: Bush’s Architects Of Torture Are ‘Weaseling Out’ Of Responsibility For ‘Crimes’
Obama Reveals His Naivety Apparently Not Knowing That bush/April Glaspie of the CIA Greenlighted Hussein’s Invasion of Kuwait Over Slant Drilling Setting In Motion The Current Debacle/Disaster in the Region and Vows to Model ‘Failed Job’ President Bush Did in First Gulf War
"A democracy which makes or even effectively prepares for modern, scientific war must necessarily cease to be democratic. No country can be really well prepared for modern war unless it is governed by a tyrant, at the head of a highly trained and perfectly obedient bureaucracy."
-- Aldous Huxley

"One leader, one people, signifies one master and millions of slaves." -- Albert Camus

Long slump may follow crunch: JPMorgan CEO
CBS: America’s infrastructure is crumbling
Clinton campaign acknowledges $20 million debt
Growing Deficits Threaten Pensions
The Twilight of Irredeemable Debt ”…..For all its seductive attractiveness, Friedmanite economics is ignoring the effect of irredeemable debt on productivity. It watches debt per GDP and is happy as long as this ratio stays below 100% by a fair amount. However, what should be watched is the ratio of additional debt to additional GDP. By that indicator the patient’s condition could be diagnosed as that of pernicious anemia. It set in immediately after the US dollar debt in the world was converted into irredeemable debt.The increase in GDP brought about by the addition of $1 of new debt to the economy is called the marginal productivity of debt. That ratio is the only one that matters in judging the quality of debt. After all, the purpose of contracting debt is to increase productivity. If debt volume rises faster than national income, there is big trouble is brewing, but only the marginal productivity of debt is capable of revealing it.Precipitous decline Before 1971, the introduction of $1 new debt used to increase the GDP by as much as $3 or more. Since 1971, this ratio started its precipitous decline that has continued to this day without interruption. It went negative in 2006, forecasting the financial crisis that broke a year later. The reason for the decline is that irredeemable debt causes capital destruction. It adds nothing to the per capita quota of capital invested in aid of production. Indeed, it may take away from it. As it displaces real capital, which represents the deployment of more and better tools, productivity declines. The laws of physics, unlike human beings, cannot be conned. Irredeemable debt may only create make-belief capital…..”
Bugliosi: George W. Bush Should be Tried for Mass Murder
Real Clear Numbers: 101,000 U.S. Casualties a Year
Weapons Not Made In Iran After All
BIGGEST GOVERNMENT EVER: Treasury revenue, spending at record highs in April...THE ELECTION YEAR BLIP/FRAUD/BUBBLE
ABCNEWSWASHPOST Poll: Bush's approval hits all-time low...

HILL-BILLIES FOR CLINTON!
Michelle Vetoes Hillary for VP ...
Group pushing Clinton as VP choice -- tied to her campaign...
Michelle Vetoes Hillary for VP Over Health Concerns For Her Husband ...
Group pushing Clinton as VP choice -- tied to her campaign...

Israeli Airstrike in Gaza Kills 5 Palestinian Cops
Sinkable Israel

Citigroup aims to shed $400 billion of assets
Bulls Fall from Their Perch: Victims of Oil, Financials, New Bubble Attempt, and Overconfidence game e
Economy still weakening, data expected to show
Stocks headed for troubled waters from oil, consumption woes
Pappas Telecasting files for bankruptcy, blames CW ratings
South Koreans protest U.S. beef

BANK ORDERED CLOSED IN BENTONVILLE...
OIL RECORDS SMASHED: $126 BARREL...
RISING GAS PRICES PROD MORE COMMUTERS ONTO MASS TRANSIT...
Bachrach: Everything I Hate About Myself I See in Hillary...
PSST! HILL THE MONEY IS DRYING UP...
Long Goodbye...
9 more superdelegates endorse Barack Obama Los Angeles Times - Barack Obama visits Bethlehem Brew Works in Pennsylvania last month. Although he isn’t the Democratic nominee, he will begin acting as if he is, his aides say, and may revisit the state and others that are considered important in the general contest.
Obama Takes a Victory Lap New York Times
'Super' surge for Obama Chicago Tribune
Obama overtakes lead in superdelegates for first time
Obama's magic number: 178 Chicago Tribune - It's the late campaign-season stretch, and mathematically, things are looking awfully good for Barack Obama. If he were a baseball team, he'd have a lead that no MLB club has blown before.
Obama visits House of Representatives CNN
Obama vows to seat Fla. delegates Baltimore Sun

MKs react to Olmert probe, call for his resignation By Haaertz Service Reactions from MKs regarding suspicions that Prime Minister Ehud Olmert illegally receiving hundreds of thousands dollars from an American businessman and fundraiser came pouring in late Thursday night, minutes after Olmert denied ...
Police investigate whether Israeli PM received money illegally CNN
Olmert Says `Never Took a Bribe,' Will Resign If Indicted Bloomberg

Israeli PM Olmert says he'll resign if indicted
Gen. Sanchez: Iraq policy driven by Bush reelection politics
Bill O’ Liar condemns blogger who says John McCain was never tortured because the ‘songbird’ sung to his captors regularly, and broke his arm jumping out of his downed plane, yet the only evidence he can supply is McCain’s broken arm
The Ruthless Id John Steppling | McCain’s snarky rictus of a smile, his near pyschotic glare and his rigid and robotic body movements all reflect the collective malaise of the nation.
The Trilateral Commission: North American Group 2008
Gold futures rise, underpinned by soft Weimar dollar
Cancer Treatment Banned By U.S. Government
‘Ally’ Caught Spying on U.S. Yet Again The arrest of a New Jersey engineer on charges of conspiracy to pass U.S. military secrets to Israel shows a consistent, continued pattern of spying on its major benefactor, the United States, according to espionage experts.
Olmert suspected of receiving funds
Gas Jumps Three Cents a Gallon Overnight
Ahmadinejad: Israel is a 'stinking corpse' and is 'on its way to annihilation'...
DEM RACE WAR:
HILLARY: WHITE PEOPLE SUPPORT BLACKS LIKE ME...
AUDIO...
Begala: We can't win with just 'eggheads and African-Americans'...
Donna Brazile Warns: 'Stop trying to split us into these groups!'

500,000? Burma death toll 'worse than Tsunami'...
McCain To Speak At La Raza Convention
Republican Nominee John McCain will speak at the annual conference of the National Council of La Raza (The Race), the extreme Hispanic lobby group that advocates a militant "reconquista" of the Southwestern United States.
Exit polls show signs that Limbaugh's minions turned out for Clinton
Russert Declares Obama Dem Nominee Kurt Nimmo | Meanwhile, the ticker below Mr. Russert shows the other Bilderberg candidate, Clinton, a winner in Indiana.
All but Over for Hillary, Say Analysts
WHICH BITCH WITCH IS NUTTIER THAN A FRUITCAKE?
Stephanopoulos: 'Fight is over'...
TEAM OBAMA: Limbaugh Rocks The Hillary Vote...
John Kerry: 'Limbaugh was tampering with the primary'...
Ahmadinejad: Israel is a 'stinking corpse' and is 'on its way to annihilation'...

‘Ally’ Caught Spying on U.S. Yet Again
The arrest of a New Jersey engineer on charges of conspiracy to pass U.S. military secrets to Israel shows a consistent, continued pattern of spying on its major benefactor, the United States, according to espionage experts.

ISRAEL STILL TRYING TO MAKE THEIR SELF-CREATED PROBLEMS AMERICA’S PROBLEMS (THEY CHEERED THE 911 TWIN TOWERS BOMBING, THEY’RE STILL IN VIOLATION OF AND HAVE NOT SIGNED THE NUCLEAR NON-PROLIFERATION TREATY, ISRAEL REMAINS IN VIOLATION OF UN RESOLUTIONS 242, 338, ETC., AND VIOLATES INTERNATIONAL LAW REGULARLY, ETC.) AS OIL HITS NEW RECORD INTRA-DAY HIGH AT $123.80 AS FOOD PRICES DOUBLED YEAR 0VER YEAR. AMERICA CONTINUES TO SACRIFICE SELF AND SOVEREIGNTY FOR INTERNATIONAL WAR CRIMINAL NATION AND PROVOCATEUR ISRAEL.

The Great Depression of the 2010s Darryl Robert Schoon | The chickens are coming home to roost; and the closer they come, the more they are looking like vultures.
Palfrey "Suicide Notes" A Contradiction In Terms Deborah Jeane Palfrey's alleged suicide notes were released today and given full court press by a corporate media that largely refused to cover her statements that she would never commit suicide and the statements of her friends and family who said she wasn't suicidal, but Palfrey's alleged reason for killing herself, that she would be "penniless" upon leaving prison, contradicts the fact that a multi-million dollar book deal was in the pipeline.
Buffett says U.S. in recession; banks to face pain
U.S. in "awfully pale recession," Greenspan quoted
Oil passes $120, gas prices slip more than a cent
Clinton strategists weigh 'nuclear option' to take out Obama at convention
Chertoff: Stop Complaining About the Fascist Control Grid Kurt Nimmo | DHS boss sick and tired of you griping about the loss of your Constitutional rights.
Fritzl kept sex slave daughter chained up with dog leash -- in dungeon SHE helped to build…so sordid, disgusting and horrific is this crime that I make an exception and report this single horrifying crime, yet the numbers of Iraqi children killed and maimed by american war criminals and war crimes based upon lies makes even this despicable crime pale in magnitude ...
...at least criminally negligent wife clueless
Soldier suicides could trump war tolls: US health official
Iraq says no hard evidence of Iranian support for militia
Oil passes $120 barrel...
NEW RECORD HIGH...

Rice Tells Israel to Halt Settlements
Obama says Clinton's talk on Iran too much like Bush's (AP)
Mideast Conflict: Need for a New Perspective
Are We, Yes We Are Thank God Witnessing the Death of Israel by a Thousand Cuts?
After 2 faint, Bill Clinton cracks joke about making 'em swoon...
Hillary: Rush Limbaugh 'always had a crush on me'...
CBSNYTIMES Poll: Support For Obama Rebounds...

Obama wins close race, beats Clinton in Guam (AP)
Guam goes to Obama; Clinton loses super
S&P cuts rating on Countrywide to wall street junk status (AP)
[$$] Downgrades Show Storm Isn't Over (at The Wall Street Journal Online)
Microsoft, Yahoo could reach weekend deal made in hell: with the failed op system vista under their belt, a monopoly to guarantee mediocrity at a high price, and an overeaching/censored/failure in their email endeavors which will despoil/ruin yahoo say experts/users/sources
Economy great — for pawnshops
Bank of England 'too upbeat' on credit crisis, says company that knows about/is experienced in such things, banking giant Citigroup
Macroeconomic Warning Goes Unheeded
Layoffs Rise 68 Percent in April
Government Hiring More People USA Today | As the private sector dumps workers, the Soviet States of America picks up the slack. This is so sadly true as the government, broke, incompetent, and corrupt is spending money they don’t have to pump the election-year numbers with the certain debacle to follow. Never mind these government workers don’t do/add anything of value.
DETAILS: REPUBLICANS CROSSING OVER TO VOTE IN DEMS' PRIMARY...

LA 'loses' to Pittsburgh in one air-pollution measure Los Angeles Times - But a new lung association report shows that the area still has much room for improvement. By Tami Abdollah, Los Angeles Times Staff Writer Mayor Antonio Villaraigosa strolled to the microphone, his jacket slung over his shoulder, a broad smile on his ... Region's Air Still a Problem, Study Finds Washington Post Three Bay Area counties get an F for fine particle pollution San Jose Mercury News
It’s yet another typically corrupt israeli as israel PM to face new police questions on corruption(AFP)
Israel minister rejects Gaza truce as Hamas chief killed (AFP)
April auto sales slump, truck sales plunge
White House admits fault on 'Mission Accomplished' banner
Citi offering signals more trouble ahead: analysts
Global press freedom, in lockstep with compliant u.s. press, declines in 2007: study
MORE CASH NEEDED: CITIGROUP to sell whopping $4.5 billion in diluting bubble stock...
Three Chinese banks in world's top four...
NOW HIRING: Governments employing new workers at fastest pace in 6 years...
Iran rationally dumps worthless U.S. dollars in oil transactions
Does the Federal Reserve Want Inflation? Axel Merk | It is in the Fed’s interest to have a weak dollar. This is consistent with what we interpret to be Fed chairman Ben Bernanke’s disliking of the real money gold standard.
Olbermann On Bush's Deluded "Good Economy" Rhetoric
Jobs growth, despite election year priming/fake reports, has "ground to a halt"
Gulf States If Rational Will Drop Currency Pegs to Dollar, Kuwait Finance Minister Says...
'08 Stock Market Crash is only the beginning of troubles for America, leading to it's demise.
Economist: Coming economic shocks, our “astronomical” trade deficit, the falling dollar, and our out-of-control national debt owed to other nations, could spark depression

Rev. Wright Spot On: the United States Sold WMD to Saddam Hussein Kurt Nimmo | Rev. Wright was absolutely correct — the U.S. sold bio and chemical weapons to Saddam Hussein.
Troop deaths hit 7-month high in Iraq...
Economy puts heat on politicians Los Angeles Times - As prices rise and constituents call for action, officeholders float proposals and seek to deflect blame. WASHINGTON -- Rising anxiety over the economy, especially soaring gasoline and food prices, is forcing politicians from Capitol Hill to the White ...
Bush Says Pain From Economy Defies Easy Fix New York Times
Economy: lots of angst, little action Seattle Times
Activist group says China stepping up persecution, detention of ... International Herald Tribune - AP BEIJING: China has stepped up persecution of Buddhist monks with mass detentions, Tibet activists said Wednesday, a day after six monks were given lengthy prison sentences in the first trial of rioters since deadly violence in Tibet's capital last ...
China says Tibetan shot dead by police AFP
Two killed in Tibet-linked clash BBC News
Its Candidates Otherwise Engaged, Democratic Party Goes After McCain New York Times - Apr 28, 2008 By JIM RUTENBERG WASHINGTON - With no end in sight to the nominating contest between Senators Hillary Rodham Clinton and Barack Obama, the Democratic Party has begun its first sustained advertising campaign against Senator John McCain, introducing a ...
Bill Clinton Says Underdog Hillary Stayed Positively a dog in Pennsylvania …..because she is a dog... ABC News
Why do Americans hate Clinton? Because they’re lying criminals. But are there many more reasons you may affirmatively ask expecting the obvious affirmative response? Seattle Post Intelligencer
Home price decline shown
Detroit Free Press - BY GRETA GUEST • FREE PRESS BUSINESS WRITER • April 30, 2008 Home prices continued to fall nationwide through February, prompting concerns that the market bottom has yet to be reached.
Video: Home Prices Plunge by Record 12.7 Percent Video: Home Prices Plunge by Record 12.7 Percent AssociatedPress
Housing prices post record declines CNNMoney.com
UK house prices see annual fall House prices in the UK have recorded their first year-on-year fall for 12 years, says the UK's biggest building society.
The British/american Tradition Of Principles Based Regulation (Like The Principle Of "You'll Keep Your Mouth Shut If You Know What's Good For You")

Investors see recession, Wall Street depression

'Israel preparing to bomb Iran alternative energy sites' The commander of the israeli Air Force says the war criminal israeli regime's decision makers have been preparing plans to take out Iran's alternative energy facilities.
Willie and poor boys slick as Jeremiah Wright's speech set up by a Clinton supporter. What else is new? Los Angeles Times - Everybody is talking today about how much the Rev. Jeremiah Wright's latest unrepentant militant remarks purposely were made to hurt his most prominent parishioner, Sen. Barack Obama, but have not hurt his chances to win the Democratic presidential nomination and the general election.
Death Toll Mounts In Zimbabwe As UN Security Council Mulls Action Voice of America - By Blessing Zulu Mounting and increasingly deadly post-election political violence in Zimbabwe, alleged to be organized by the governing ZANU-PF party of President Robert Mugabe, came under scrutiny Tuesday in the United Nations Security Council which ...
Leave Taliban alone, Afghan president tells West
Iran: UK behind 1980 embassy siege
Global famine? Blame the Fed Mike Whitney | If the Fed chief decides to lower rates at the end of April, Bernanke could be condemning millions of people to a death by starvation.
Inflation could become new No.1 enemy
Did CIA ‘Photoshop’ Syrian military pics?
‘What Has Happened to the Conscience of the World?’ JEDDAH, 30 April 2008 — The headlines coming out of Gaza daily stun people as women and children are slain by Israeli airstrikes and the plight of the Palestinians worsens through blockades and embargoes...

$17B IN 3 MONTHS; RECORD PROFITS FOR OIL COMPANIES
OPEC says oil could hit $200; Cartel's president blames weak dollar...
Truckers protest high prices...
SURVEY: Gas prices top concerns over jobs, health troubles...
PAPER: Enthusiastic Hillary Supporter ORGANIZED Rev. Wright at Press Club...
S&P cuts NEW YORK TIMES to BBB on newspaper ad revenue...
Fed Auction Futile Act
Market Sages: The Worst Is Yet to Come

CIA Stonewall Agency Won't Release 7,000 Documents Related to Torture Program
Syrian envoy says CIA fabricated evidence
151 Congressmen Derive Financial Profit From War
Gasoline May Soon Cost $10 a Gallon New York Post | Get ready for another economic shock of major proportions — a virtual doubling of prices at the gas pump to as much as $10 a gallon.
U.S. Credit Card Debt Soars to Unprecedented Heights Epoch Times | Studies indicate that credit card defaults and related write-offs increased drastically since 2006. Today, lenders write off 33 percent more in credit card debt than they did two years ago
The food crisis begins to bite The Independent | Rioting in Haiti. Rationing in America. Queues in Egypt. Protests in Afghanistan. As the price of food continues to soar, the impact is being felt by people around the globe.
Hayden Gets Hillary Wrong Hillary Clinton is not a former anti-establishment “leftist,” but a slick minion of the New World Order
PA. BLAMES MISSING PRIMARY VOTES ON TYPICAL CLINTONIAN CLERICAL ERROR The Associated Press - HARRISBURG, Pa. (AP) - Pennsylvania election officials revised their unofficial vote count Monday for the presidential primary after determining that a clerical error had kept about 26000 votes out of the state tally.
Limbaugh’s “Operation Chaos” Harks Back to an Earlier Intel Operation Rush Limbaugh is simply doing his part to make sure Hillary Clinton is installed
The Myth of al-Qaeda Now Recognized by Corporate Media The mainstream media is hinting that the words ‘al Qaeda’ has simplistically become a metaphor for those that are fighting the US in Iraq and elsewhere and that ‘al Qaeda’ is not a specific organization that is led and organized by the equally metaphoric and very dead ‘Osama bin Laden’
XX OBAMA TAKES SENATE SUPPORT LEAD XX
DICK MORRIS: IS HILLARY... PREPARING TO RUN IN 2012?

Buffett says recession may be worse than feared Reuters | “This is not a field of specialty for me, but my general feeling is that the recession will be longer and deeper than most people think,” Buffett said. “This will not be short and shallow.”
OPEC president sees $200 oil possible: report
U.S. Credit Card Debt Soars to Unprecedented Heights
Syria says US reactor charges as fake as Iraq WMD claims
Oil strikes new record near $120 on supply fears
Israeli fire kills 4 children in Gaza: residents (Reuters)
MORE BULLISH NEWS FOR THE BAD NEWS BULLS ON WALL STREET
Eos Airlines Files for Bankruptcy, Plans to Shut Down Immediately Wall Street Journal - By SUSAN CAREY Eos Airlines Inc., a transatlantic, all-business-class airline, filed for bankruptcy protection over the weekend and said it will shut down Sunday, becoming the fourth US carrier to go out of business this month.
Eos Airlines files bankruptcy Reuters
Last Dawn For Eos Airlines Forbes
Israeli strike kills 4 Palestinian kids (AP)

Consumers, companies flash recession warnings as consumer sentiment at 26 year low, earnings down for third consecutive quarter, weak dollar, record trade and budget deficits
Syrian envoy says CIA fabricated evidence
Prosecutor: Pregnant teller wounded in robbery loses twins. Such crimes are rampant in california as well as the rest of the nation which can boast the highest crime rates in the so called civilized world (AP)
Palestinian girl killed in Gaza clashes: medics (Reuters)
International war criminal nation israel snubs Hamas offer of six-month Gaza truce (Reuters)
Official: 14-year-old Palestinian girl killed in Gaza clash (AP)
1 Palestinian killed in clashes with Israeli troops in Gaza (AP)
International war criminal israeli warplanes intensify flights over Lebanon Australian News | The Israel Air Force has dramatically escalated flights over Lebanese air space, in violation of international law.
Why this economic crisis is still far from finished
NOONAN: Even Texas Turns On Bush...
PROMINENT BLACK CONGRESSMAN CRITICIZES BILL CLINTON...
'Bizarre conduct'...
Countrywide CEO Made $132M In 2007 Pay, Stock Sale...
Consumer confidence falls to 26-year low...
WIRE: Many states appear to be in recession...
Oil shortage in UK ahead of strike: 'Stations running dry'...
STUDY: Oil prices to double in next 4 years...
Many states appear to be in recession - The finances of many states have deteriorated so badly that they appear to be in a recession, regardless of whether that's true for the nation as a whole, a survey of all 50 state fiscal directors...
Unpaid utility bills soar as economy sags - Hundreds of thousands of utility customers are at risk of disconnections, utility companies in cold-weather states say.
Unprecedented Economic Risk: Stick to Multinational Investments
Arnold Confronted on Nazi-Ties
US new home sales fall to more than 16-year low
Wall Street Warns Americans To Begin Stockpiling Food
CIA admits they will continue rendition program, which allows torture overseas
Israelis Claim Contrary to u.s. Denials Secret Anti-Peace Agreement With U.S.
Limp Pig limpbaugh Calls for Riots at Denver DNC
Regulator Warns U.S. Bank Failures Could Rise Above “Historical Norms”
Wall Street Journal: Stockpile Food
Hyperinflationary Depression
Impeachment Now Or Apocalypse Later?
Delhi Snubs Washington Over Iran
Editorial: Clinton’s Threat to Iran If there were any doubt that if she made it to the Oval Office, Hillary Clinton’s term would be George Bush Mark III, the lady made it plain on the eve of Tuesday’s Pennsylvania primary…..
Israel braces for fallout from U.S. spy case by having aipac hand out new golden menorahs to members of congress just in case
Kidnappings soar in Mexico as drug gangs seek new income
Apple profit rises but margins a letdown
Credit Suisse Posts Loss, Losses Hard To Track
UPDATE: MICROSOFT Earnings Decline 11%; Concern about slowdown...
We Are Change Members Arrested For Asking Laura Bush A Question
Condition of Riad Hamad’s Body Contrary to Suicide
Murdoch Moving to Buy Newsday, Putting Him in Control of 3 of the Nation's 10 Largest Papers
NY Post Smears Activist For "Wheelchair Assault" The NY Post is facing a lawsuit after it brazenly smeared a 9/11 truth activist for attacking a wheelchair-bound woman in New York last night, when in fact it was the activist himself who was beaten up by the girl's father according to eyewitnesses.
U.S. prison population dwarfs that of other nations and the fact is that the inherently criminal american crime population outside of prison also dwarfs that of other nations
Ahmadinejad: Doom will befall US economy
We Are Change Members Arrested For Asking Laura Bush A Question
Bumbling war criminal and liar bush: ‘We’re not in a recession.’
China's yuan hits new high against US dollar
Neo-Con Hillary Wants League Of Democracies, More War
The Agenda Behind the Hoax: What the Iraq War is About The Bush Regime has quagmired America into a sixth year of war in Afghanistan and Iraq with no end in sight. The cost of these wars of aggression is horrendous. Official US combat casualties stand at 4,538 dead.
British minister says Clinton's 'obliterate' Iran tone imprudent
Regulator Warns U.S. Bank Failures Could Rise Above “Historical Norms”
Wall Street Journal: Stockpile Food
Hyperinflationary Depression
More Food Rationing: Sam’s Club Limits Rice Purchases
Calls for Clinton to Drop Out Mount
HILLARY WINS PA…..MORRIS SAYS TOO LITTLE TOO LATE!
54.6% - 45.4% Victory...
STAYING ALIVE...
Race Unresolved...
DICK MORRIS: TOO LITTLE, TOO LATE FOR HILLARY...
RNC, McCain Condemn Anti-Obama TV Ad; Hillary Clinton Mum...
CBSNEWS DELEGATE SCORECARD...
Carter accuses Condi of being untruthful over Hamas meeting...
DELTA/NORTHWEST report combined $10.5B loss on fuel costs...
TOYOTA takes world sales lead from GM…..another bullish sign for american economy…..
Comptroller Of Currency Worried About Bank Failures...
DIVIDEND CUTS FOR THE FIRST QUARTER 2008 HAVE ALMOST EXCEEDED THAT FOR ALL OF 2007
Panel says link between smog and premature death is clear and yet, in the land of fruits and nuts where the worst smog in the world is found, they blame everything on tobacco (which admittedly is not healthy but is far less deleterious than other widely used California illegal drugs, ie., meth, heroin, etc., and prescription meds, etc.) including the miniscule innocuous open-air exhaling of same, in their irrationally obsessive fashion.
Former British PM Phony Tony Blair caught riding without a ticket: spokesman
[$$] New Threat: Loan Losses (4-22-08 at The Wall Street Journal Online)
NEW JERSEY JEW CAUGHT SPYING FOR ISRAEL, GIVING ISRAELIS CLASSIFIED NUKE/SYSTEMS/DEFENSE DOCS (PROBABLE BLACKMAIL POINTS OR JEWS TURN SAME OVER TO, IE., CHINA, ETC.), AND HENCE, IS PROBABLE NOMINEE FOR THE CONGRESSIONAL MEDAL OF HONOR (AND RECIPIENT OF THE GOLDEN MENORAH AWARD FOR IRRATIONAL, SELFLESS, SELF-DESTRUCTIVE AMERICAN SACRIFICE FOR ISRAEL).
American arrested as nuclear spy for Israel By Randall Mikkelsen (Reuters)
U.S. authorities arrested an 84-year-old American on Tuesday suspected of giving Israel secrets on nuclear weapons, fighter jets and missiles in the 1980s in a case with links to imprisoned spy Jonathan Pollard. Ben-Ami Kadish acknowledged his spying in FBI interviews and said he acted out of a belief he was helping Israel, according to court documents. Kadish was accused of reporting to an Israeli government handler who was also a main contact for Pollard, an American citizen serving a life term on a 1985 charge of spying for Israel…..
US military recruits more ex-cons
The Guardian | Soldiers now include those convicted of assault or maiming, non-cannabis-related drug offenses, indecent behavior with a child, and making terrorist threats.
Gold rises on weak dollar, record oil but outlook uncertain
Condition of Riad Hamad’s Body Contrary to Suicide Kurt Nimmo | Palestinian activist’s body sliced, stabbed, and bruised.
Gitmo detainees 'drugged to confess'
D.C. Burglaries Have Surged 21 Percent
Mexican Drug Violence Spills Into U.S.
Carter the Bold Peacemaker
*EXIT POLLS: Two-Thirds Say Clinton Unfairly Attacked Obama...
OIL NEARS $120...
CALIFORNIA MELTDOWN: Foreclosures up 327% from '07 levels...
USATODAYGALLUP: Bush's Disapproval Rating Highest Of Any President In 70 Years...

"Hero" John McCain as Phony and Collaborator: What Really Happened When He Was a POW?
McCain Presidency: Anger Management Candidate with His Finger on the Button
More convicted felons allowed to enlist in Army, Marines
US jets drop bombs on Sadr City US warplanes have dropped bombs on east Baghdad district of Sadr City where hundreds of civilians have already been killed in air strikes.
How McCain behaved when he was a prisoner is key. McCain is probably the most unstable man ever to have got this close to the White House. He’s one election away from it.
Obama takes big national lead over Clinton in Newsweek poll
'Vast right-wing conspiracy' leader's paper backs Clinton (AP) Could it be the "vast right wing conspiracy" is having second thoughts? Democrat Hillary Rodham Clinton was endorsed Sunday by the Pittsburgh Tribune-Review, whose owner and publisher, ...
LEE IACOCCA SPEAKS OUT ABOUT AMERICA Kipper Mathews These words by Lee Iacocca are excerpts from his new book and have been circulating the net lately. I couldn’t help but spread the word as his opinions are my feelings as well.

I am not taking any responsibility for their accuracy, I’m just passing on the information received.

Lee Iacocca Says:

‘Am I the only guy in this country who’s fed up with what’s happening? Where the hell is our outrage?

You might think I’m getting senile, that I’ve gone off my rocker, and maybe I have. But someone has to speak up. I hardly recognize this country anymore.

I’ll go a step further. You can’t call yourself a patriot if you’re not outraged. This is a fight I’m ready and willing to have.

The Biggest ‘C’ is Crisis ! ( see the ten C’s in his book )

Leaders are made, not born. Leadership is forged in times of crisis. It’s easy to sit there with your feet up on the desk and talk theory. Or send someone else’s kids off to war when you’ve never seen a battlefield yourself. It’s another thing to lead when your world comes tumbling down.On September 11, 2001, we needed a strong leader more than any other time in our history. We needed a steady hand to guide us out of the ashes. A HELL OF A MESS, SO HERE’S WHERE WE STAND. WE’RE IMMERSED IN A BLOODY WAR WITH NO PLAN FOR WINNING AND NO PLAN FOR LEAVING. WE’RE RUNNING THE BIGGEST DEFICIT IN THE HISTORY OF THE COUNTRY. WE’RE LOSING THE MANUFACTURING EDGE TO ASIA, WHILE OUR ONCE-GREAT COMPANIES ARE GETTING SLAUGHTERED BY HEALTH CARE COSTS. GAS PRICES ARE SKYROCKETING, AND NOBODY IN POWER HAS A COHERENT ENERGY POLICY. OUR SCHOOLS ARE IN TROUBLE. OUR BORDERS ARE LIKE SIEVES. THE MIDDLE CLASS IS BEING SQUEEZED EVERY WHICH WAY. THESE ARE TIMES THAT CRY OUT FOR LEADERSHIP…..

AMERICANS BECOMING MORE CROOKED By LARA JAKES JORDAN, Associated Press Writer Thu Apr 17, 7:39 PM ET WASHINGTON - The FBI is grappling with growing numbers of public corruption cases and a surge in mortgage fraud investigations, FBI Director Robert Mueller said Thursday, wondering aloud whether Americans are "becoming more crooked." In a speech to the American Bar Association, Mueller asked the assembled defense lawyers for help in "creating a culture of integrity" by reporting evidence of wrongdoing by politicians and corporate executives alike." Anyone who follows the news these days and sees repeated references to corporate fraud and public corruption might think the nation is in the midst of a moral crisis," Mueller told the defense attorneys. "Have we as a society become more corrupt? [The answer is YES] Or have we in the FBI simply become more adept at rooting out fraud and corruption? [While high regard for the FBI is warranted, the fact is that they are so infinitesimally small a portion of the U.S. population that relative thereto, they are but a genetic aberration (in the most positive sense) when juxtaposed to the inherently criminal american populace at all levels of american society]."…..
SUCH ARE ALSO THE PONDERINGS, MUSINGS EXTANT AT THIS STAGE OF DECLINE/FALL OF ANY SOCIETY/NATION IN AGES PAST; IE., ROME, ETC..

Israel Psychologically Tortures Palestinian Detainees

WRAL: OBAMA TAKES 23-POINT LEAD IN NC...
Greenspan endorses McCain, foresees recession...
ALEX JONES ARCHIVES:
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Border control & illegal immigration archive
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Race for the nomination archive
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Ahmadinejad: US used September 11 as 'pretext' for invasions (AFP)

Greenspan: No regrets; U.S. in recession
More than 50 percent chance of very severe U.S. recession: Greenspan
Gold edges higher as weak U.S. payrolls keeps pressure on dollar
Germany to warn against intervention in favour of U.S. dollar
Dollar Bottom Elusive Before G-7; Bearish Bets Double
$3 trillion may be too low
Fed: Severe downturn possible
Stocks fall after earnings, Fed minutes
Small Business Sentiment At 20-Year Low
AFP | According to the IMF, the “crisis is spreading beyond the US subprime market — namely to the prime residential and commercial real estate markets, consumer credit, and the low- to high grade corporate credit markets.”
Fed minutes show officials worried about deep recession
UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF.
Pending home sales hit low in February
THANKS FOR MAKING MARCH '08 THE BIGGEST MONTH IN THE DRUDGEREPORT'S 13 YEAR HISTORY!
MAIN PAGE LOADED 590,943,577 TIMES...WHICH WAS ACCOMPLISHED BY USE OF THE FOLLOWING, SOMEWHAT ANNOYING OWING TO FREQUENCY, SCRIPT WHICH MAKES THE NUMBER MISLEADING/INFLATED AT BEST:(I HAVE LEFT OUT THE ENCLOSING BRACKET SO SAME WON’T ACTIVATE ON THIS PAGE) script type="text/javascript"> var timer = setInterval("autoRefresh()", 1000 * 60 * 3); function autoRefresh(){self.location.reload(true);} script (I HAVE LEFT OUT THE ENCLOSING BRACKETS SO SAME WON’T ACTIVATE ON THIS PAGE). The same automatically refreshes which makes advertisers think they’re getting more for their money…..so very jewish!
The Deepening Recession
Why food prices will go through the roof in coming months
Rice Jumps to Record, Corn Near High as Demand Outpaces Supply
LOGAN6 (WASHINGTON POST POSTS) WROTE:

The reasons why Obama is winning the nomination against Clinton and why he will win the general election against McCain are the following...
With McCain, we have someone who lives for wars and who is missing the heros of WW-II (see the reference to Churchill in one of McCain's publicity). We also have someone who didn't object to the idea of starting a war under false pretenses.
With Hillary Clinton, we have someone who is associated to too many scandals with her husband before, during and after the White House:

- Most number of convictions and guilty pleas by friends and associates
- Most number of cabinet officials to come under criminal investigation
- Most number of witnesses to flee country or refuse to testify
- Most number of witnesses to die suddenly
- First first lady to come under criminal investigation
- Largest criminal plea agreement in an illegal campaign contribution case
- First president to establish a legal defense fund.
- First president to be held in contempt of court
- Greatest amount of illegal campaign contributions
- Greatest amount of illegal campaign contributions from abroad
- First president disbarred from the US Supreme Court and a state court

Before Bill left office, he gave favors in exchange of money... For example, shortly after being pardoned by President Clinton, fugitive financier Marc Rich had his ex-wife giving $400 000 to the Clintons library foundation: Source:
http://www.time.com/time/nation/article/0,8599,98756,00.html
The Clinton foundation received recently a $31.3 million donation after Bill expressed enthusiastic support for the Kazakh leader's, undercuting both American foreign policy and sharp criticism of Kazakhstan's poor human rights: Source: http://www.nytimes.com/2008/01/31/us/politics/31donor.html
The reasons why Obama is winning against Clinton and why he will win against McCain are that voters are sick of people starting wars for false pretenses and they are sick of corrupted politicians (I include the Clintons and some of their pundits who have been allies in their past scandals).
Mugabe warns of white land battle BBC News - Zimbabwe's President, Robert Mugabe, has called on its black population to to continue to be racists, use violences, and ensure that white farmers do not regain the land seized from them, reports say.
Fears rise with violence in Zimbabwe Los Angeles Times
Mugabe moves to bolster himself for runoff Boston Globe
Extension for 2007 taxes..
All charitable donations in '06 were to Clinton Foundation...
$18 million dollars unaccounted for...
RAGS-TO-RICHES: CLINTONS SHOW $109 MILLION
Woman dragged out of Hillary fundraiser screaming she was only black there...
STRATEGIST FOR CLINTON LOBBIED FOR PACT SHE OPPOSES...

Israeli army withdraws after Gaza raid kills seven (AFP) - AFP - Israeli forces withdrew from the Gaza Strip on Saturday, the army said, after a raid that left seven people dead, including a 10-year-old boy.
Obama widens lead on Clinton in state Seattle Times
Why Gov. Bill Richardson didn't endorse Clinton Los Angeles Times - Shari Vialpando / AP Gov. Bill Richardson, shown here in New Mexico on Tuesday, has drawn criticism from supporters of Bill and Hillary Clinton for endorsing Sen. Barack Obama.
Poll: Pa. women ditching Hillary Boston Herald
Campaign confusion Republican & Herald
7 Reasons March Was Not the Bottom Paul Castro
"A ship is safe in harbor, but that's not what ships are for." ~ William Shedd
I was almost 100% in cash going into the July 2007 highs as I sensed the market was running out of momentum. Tired of getting whipsawed, I have gritted my teeth and progressively upped my long exposure since the August selling stampede rather than continuing to buy and get stopped out. While I agree with those who say the March lows marked a major intermediate bottom, the humbling experience that is being an Investment Director in a public forum such as VesTopia calls for looking at the flip side of the coin. So without further ado, the 7 reasons March was not "the" bottom;

• Too many pundits have called the March lows "the" bottom. The proverbial "they" say that bottoms only happen after people stop looking for them.

• The lower low in January 2008 on the S&P marks the first in a series of two lower lows so far since a series of lower lows that began in April 2001 and was finally broken by a higher high in March 2004. If history repeats, unless sooner broken by a higher high this series of S&P lower lows has a ways to go still.

• The simple moving averages remain in a bearish configuration on most of the major stock indexes. To illustrate, on the Russell 2000, the Nasdaq and S&P the 20-day moving average is lower than the 50-day moving average which is lower still than the 200-day moving average.

• Related to the first bullet, the March lows were not accompanied by true capitulation. To illustrate, when the S&P made its closing low on March 10th the ratio of decliners to advancers was only 5.2 to 1 and the ratio of down volume to up volume was only 8.6 to 1. True capitulation would have been marked by at least a 9 to 1 ratio on both internal measures.

• The recovery from the March lows has quickly moved each index into stochastically over-bought territory while simultaneously failing to achieve higher price highs. Stochastic sell signals have recently been generated on each of the indexes signaling that the overbought conditions could potentially be worked off by lower prices.

• Related to the second bullet, Dow Theory remains on a sell signal. The last sell signal generated by Dow Theory was in March 2000 and it took until February 2004 to generate a Dow Theory buy signal. Again, what if history repeats itself?

• While we came pretty close, we never saw the number of bearish investment newsletter writers get to 50%.

Ahmadinejad: US used September 11 as 'pretext' for invasions (AFP)

Greenspan: No regrets; U.S. in recession
More than 50 percent chance of very severe U.S. recession: Greenspan
Gold edges higher as weak U.S. payrolls keeps pressure on dollar
Germany to warn against intervention in favour of U.S. dollar
Dollar Bottom Elusive Before G-7; Bearish Bets Double
$3 trillion may be too low
Fed: Severe downturn possible
Stocks fall after earnings, Fed minutes
Small Business Sentiment At 20-Year Low
AFP | According to the IMF, the “crisis is spreading beyond the US subprime market — namely to the prime residential and commercial real estate markets, consumer credit, and the low- to high grade corporate credit markets.”
Fed minutes show officials worried about deep recession
UK, US, AND WORLD FACING THE BIGGEST FINANCIAL SHOCK SINCE THE GREAT DEPRESSION, SAYS IMF.
Pending home sales hit low in February
THANKS FOR MAKING MARCH '08 THE BIGGEST MONTH IN THE DRUDGEREPORT'S 13 YEAR HISTORY!
MAIN PAGE LOADED 590,943,577 TIMES...WHICH WAS ACCOMPLISHED BY USE OF THE FOLLOWING, SOMEWHAT ANNOYING OWING TO FREQUENCY, SCRIPT WHICH MAKES THE NUMBER MISLEADING/INFLATED AT BEST:(I HAVE LEFT OUT THE ENCLOSING BRACKET SO SAME WON’T ACTIVATE ON THIS PAGE) script type="text/javascript"> var timer = setInterval("autoRefresh()", 1000 * 60 * 3); function autoRefresh(){self.location.reload(true);} script (I HAVE LEFT OUT THE ENCLOSING BRACKETS SO SAME WON’T ACTIVATE ON THIS PAGE). The same automatically refreshes which makes advertisers think they’re getting more for their money…..so very jewish!
The Deepening Recession
Why food prices will go through the roof in coming months
Rice Jumps to Record, Corn Near High as Demand Outpaces Supply
LOGAN6 (WASHINGTON POST POSTS) WROTE:

The reasons why Obama is winning the nomination against Clinton and why he will win the general election against McCain are the following...
With McCain, we have someone who lives for wars and who is missing the heros of WW-II (see the reference to Churchill in one of McCain's publicity). We also have someone who didn't object to the idea of starting a war under false pretenses.
With Hillary Clinton, we have someone who is associated to too many scandals with her husband before, during and after the White House:

- Most number of convictions and guilty pleas by friends and associates
- Most number of cabinet officials to come under criminal investigation
- Most number of witnesses to flee country or refuse to testify
- Most number of witnesses to die suddenly
- First first lady to come under criminal investigation
- Largest criminal plea agreement in an illegal campaign contribution case
- First president to establish a legal defense fund.
- First president to be held in contempt of court
- Greatest amount of illegal campaign contributions
- Greatest amount of illegal campaign contributions from abroad
- First president disbarred from the US Supreme Court and a state court

Before Bill left office, he gave favors in exchange of money... For example, shortly after being pardoned by President Clinton, fugitive financier Marc Rich had his ex-wife giving $400 000 to the Clintons library foundation: Source:
http://www.time.com/time/nation/article/0,8599,98756,00.html
The Clinton foundation received recently a $31.3 million donation after Bill expressed enthusiastic support for the Kazakh leader's, undercuting both American foreign policy and sharp criticism of Kazakhstan's poor human rights: Source: http://www.nytimes.com/2008/01/31/us/politics/31donor.html
The reasons why Obama is winning against Clinton and why he will win against McCain are that voters are sick of people starting wars for false pretenses and they are sick of corrupted politicians (I include the Clintons and some of their pundits who have been allies in their past scandals).
Mugabe warns of white land battle BBC News - Zimbabwe's President, Robert Mugabe, has called on its black population to to continue to be racists, use violences, and ensure that white farmers do not regain the land seized from them, reports say.
Fears rise with violence in Zimbabwe Los Angeles Times
Mugabe moves to bolster himself for runoff Boston Globe
Extension for 2007 taxes..
All charitable donations in '06 were to Clinton Foundation...
$18 million dollars unaccounted for...
RAGS-TO-RICHES: CLINTONS SHOW $109 MILLION
Woman dragged out of Hillary fundraiser screaming she was only black there...
STRATEGIST FOR CLINTON LOBBIED FOR PACT SHE OPPOSES...

MERKEL TO BOYCOTT OLYMPICS...

60 MINS: Ex-Terror Detainee Says U.S. Tortured Him...

Economic downturn worsens in March
UBS to lower auction-rate securities' values (Reuters)
WSJ: New Backing for Obama As Party Seeks Unity...
Cash-strapped Clinton fails to pay bills...

Bush booed as he throws inaugural pitch at Nationals home opener
Wall Street sees steeper decline in Q1 results: report
Foreign Funds Migrating out of the U.S Dollar (3-31-08)
Israeli construction in settlements unabated: report

Driver found shot in LA common occurrence along with separate incident and don’t walk on streets or stand on corners as people, children are being cut down in a state that’s a wreck

GALLUP: Obama Holds Lead Over Clinton, 51% to 43%...
Clinton didn't pay health insurance bills...
CLINTON Campaign head made $200,000 with subprime lender...
War stance woos some Republicans...
CIA enlists GOOGLE's help for spy work...
TREASURY DEPT. PROPOSES MORE POWER FOR FED - of course they are wrong again: 5 REASONS WHY THE FED HAS FAILED
PAPER: Fed eyes Nordic-style nationalization of banks...

'Brace for $1 Trillion Writedown'... (3-31-08)
by James Pressley -- Be it ever so devalued, $1 trillion is a lot of dough. That's roughly on a par with the Russian economy. More than double the market value of Exxon Mobil Corp. About nine times the combined wealth of Warren Buffett and Bill Gates.

Yet $1 trillion is the amount of defaults and writedowns Americans will likely witness before they emerge at the far side of the bursting credit bubble, estimates Charles R. Morris in his shrewd primer, ``The Trillion Dollar Meltdown.'' That calculation assumes an orderly unwinding, which he doesn't expect.

``The sad truth,'' he writes, ``is that subprime is just the first big boulder in an avalanche of asset writedowns that will rattle on through much of 2008.''

Expect the landslide to cascade through high-yield bonds, commercial mortgages, leveraged loans, credit cards and -- the big unknown -- credit-default swaps, Morris says. The notional value for those swaps, which are meant to insure bondholders against default, covered about $45 trillion in portfolios as of mid-2007, up from some $1 trillion in 2001, he writes.

Morris can't be dismissed as a crank. A lawyer, former banker and author of 10 other books, he knows a thing or two about the complex instruments that have spread toxic debt throughout the credit system. He once ran a company that made software for creating and analyzing securitized asset pools. Yet he writes with tight clarity and blistering pace.

The financial innovations of the past 25 years have done some good, Morris notes. Collateralized mortgage obligations, invented in 1983, saved homeowners $17 billion a year by the mid-1990s, according to one study.

Slicing and Dicing CMOs transformed the business by slicing pools of mortgages into different bonds for different risk appetites. Top-tier bonds had the first claim on all cash flows and paid commensurately low yields. The bottom tier was the first to absorb all the losses; it paid yields resembling those on junk bonds.

What began as a good thing, though, soon spawned a bewildering array of new asset classes that spread throughout the financial system, marbling balance sheets with what Morris calls inflated valuations, hidden debt and ``phony triple-A ratings.'' The more the quants fine-tuned the upper tranches of CMOs and other collateralized debt obligations, the more dangerous the bottom slices grew. Bankers began calling it ``toxic waste.''

Guess where the toxins wound up? That's right: Credit hedge funds are now the weakest link in the chain, Morris says. Their equity stands at some $750 billion and is so massively leveraged that ``most funds could not survive even a 1 percent to 2 percent payoff demand on their default swap guarantees,'' he writes.

`Utter Thrombosis' Morris sketches a scenario in which hedge fund counterparty defaults would ripple through default swap markets, triggering writedowns of insured portfolios, demands for collateral, and a rush to grab cash from defaulting guarantors. The credit system would suffer ``an utter thrombosis,'' he says, making the subprime crisis ``look like a walk in the park.''

As bankers and regulators try to prop up the ``Yertle the Turtle-like unstable tower of debt,'' Morris points to two previous episodes of lost market confidence.

The first was the 1970s inflationary trauma that prompted investors to suck money out of the stocks and bonds that finance business. Confidence returned only after Fed chief Paul Volcker slew runaway inflation by ratcheting up interest rates.

The other precedent is the popped 1980s Japanese asset bubble. In that case, politicians and finance executives tried to paper over their troubles. Two decades later, Japan still hasn't recovered, Morris writes.

We should be as bold as Volcker, he suggests: Face the scale of the mess, take a $1 trillion writedown and shore up regulatory measures. His recommendations include forcing loan originators to retain the first losses; requiring prime brokers to stop lending to hedge funds that don't disclose their balance sheets; and bringing the trading of credit derivatives onto exchanges.

What he fears is that the U.S. will instead follow the Japanese precedent, seeking to ``downplay and to conceal. Continuing on that course will be a path to disaster.'' ``The Trillion Dollar Meltdown: Easy Money, High Rollers and the Great Credit Crash'' is from PublicAffairs (194 pages, $22.95). (James Pressley writes for Bloomberg News. The opinions expressed are his own.)

TREASURY DEPT. PROPOSES MORE POWER FOR FED - of course they are wrong again: 5 REASONS WHY THE FED HAS FAILED
GALLUP: HILLARY HITS LOWEST...
Obama Gets Boost; Clinton Urged to Quit...
...hill: I'M NOT GOING

Bumbling moron and incompetent bush (how does anyone take anything this lying dummy says seriously): Latest Iraq Violence “Positive”

Dumbya war criminal bush says it’s important not to give Al Queda propaganda victory in Iraq by withdrawing when Every Intelligent Person knows that each day america’s in Iraq, war crimes and all, is a propaganda victory for Al Queda/Resistance/Would be terrorists everywhere. Dumbya bush is such a moron!

The republicans appear hell-bent on creating circumstances to make national security the issue because they have nothing else to talk about having mucked up everything (ie., economy, government response/Katrina, etc.) in their absolute control years (are they planning another pearl harbor event, clintonian wag the dog bombing, other diversion, etc.)

Israel Seeks Peace Talks With Syria

No Tears for Mr. Cayne LAST SUMMER, WHEN two Bear Stearns (BSC: 10.94, -0.31, -2.75%) hedge funds collapsed, Bear Stearns Chairman and Chief Executive James Cayne was absorbed in a bridge tournament in Tennessee, according to a memorable profile in The Wall Street Journal. The unfolding credit crisis did nothing to deter his regular golf games last summer, nor did market volatility dissuade him from recently buying not one but two opulent apartments in Manhattan's former Plaza Hotel for $27.4 million. No one was more responsible for the high risk and reckless leverage that drove Bear Stearns to the brink of bankruptcy a week ago. Poor Mr. Cayne. The $2 a share deal negotiated last week with the approval of the U.S. government, reducing his stake in the firm to a value of $14 million, wasn't good enough. This week J.P. Morgan Chase (JPM: 46.06, -0.49, -1.05%) boosted its offer fivefold, to $10 a share, to make Cayne and other large shareholders feel better. In my view, Cayne and other Bear Stearns shareholders were lucky to get $2. I, too, feel bad for the rank-and-file at Bear Stearns who had no control over the firm's risk policies or balance sheet. But I feel worse for plenty of financially-strapped Americans. They won't be buying Central Park views with a taxpayer-financed windfall.
America’s Banks are Broken America’s banks are broken, and the U.S. economy cannot be pulled out of recession until they are fixed.

21 countries more stable, prosperous than U.S. Michael Evans Times Online March 25, 2008 The United Kingdom has been ranked as one of the most stable and prosperous countries in the world, beating the United States, France and even Switzerland in a global assessment of every nation’s achievements and standards.A one-year investigation and analysis of 235 countries and dependent territories has put the UK joint seventh in the premier league of nations. The top ten comprise also the Vatican, Sweden, Luxembourg, Monaco, Gibraltar, San Marino, Liechtenstein, the Netherlands and the Irish Republic.The US lies 22nd and Switzerland, normally associated with wealth and untouchable stability, is rated 17th, losing points in the assessment of its social achievements. The bottom ten, surprisingly, do not include Iraq. They are listed as Gaza and the West Bank, Somalia, Sudan, Afghanistan, Ivory Coast, Haiti, Zimbabwe, Chad, the Democratic Republic of Congo and the Central African Republic.
Clinton says she erred on Bosnia story Whew! What an embellished whopper (clearly more than just small psychological problems have manifested). How about asking hill about the séances on the roof of the white house. I guess when you must live with the clinton bodycount among other crimes, the mind of necessity must play tricks rather than embrace the sordid truth/reality (about her and bill).
BROOKS: Hillary's Long Defeat...

US news video contradicts Clinton on Bosnia visit Reuters
New York Gov. Paterson discusses using marijuana and cocaine WCAX - AP - March 25, 2008 3:15 AM ET NEW YORK (AP) - Gov. David Paterson says many Americans tried marijuana and other drugs during the 70s and went on to lead responsible lives.
Paterson Says He Tried Cocaine thinking it was snuff and Marijuana thinking it was cherry blend in 1970s New York Times

21 countries more stable, prosperous than U.S. The US lies 22nd and Switzerland, normally associated with wealth and untouchable stability, is rated 17th, losing points in the assessment of its social achievements

Not So Good Friday For Goldman and Lehman Forbes - Standard & Poor's analysts tested the tree-falling-in-an-empty-forest scenario, as it lowered the outlooks for Goldman Sachs and Lehman Brothers to negative while markets were closed.
Documents filed with the Securities and Exchange Commission on Thursday March 20 show that Goldman's President and Co-Chief Operating Officer Jon Winkelried sold some 30,000 shares at about $173.85 each, totaling approximately $5.2 million, from Wednesday to Thursday. Vice Chairman Michael Sherwood unloaded some 7300 shares at a per share price of about $174.85, totaling close to $1.3 million Wednesday. Goldman could not be reached for comment.
S&P lowers outlooks on Goldman, Lehman BusinessWeek
Goldman Sachs and Lehman Brothers face downgrading Times Online
What if the other shoe drops but no one hears?

Market Scan NOT SO GOOD FRIDAY FOR GOLDMAN AND LEHMAN Melinda Peer Standard & Poor's analysts tested the tree-falling-in-an-empty-forest scenario, as it lowered the outlooks for Goldman Sachs and Lehman Brothers to negative while markets were closed. Standard & Poor's analysts Scott Sprinzen and Diane Hinton affirmed their AA-/A-1+ rating for Goldman Sachs Group (nyse: GS - news - people ) and A+/A-1 rating for Lehman Brothers Holdings (nyse: LEH - news - people ), pointing to strong underlying businesses and acceptable first-quarter earnings. But S&P also lowered the companies' outlooks to "negative" from "stable" on expectations of 20%-to-30% drops in net sales after write-downs going forward. The analysts also revised their outlook for the U.S. securities industry at large to "negative," meaning there is a one-in-three chance that there will be a rating change in the next two years.Goldman shares closed Thursday ahead by $13.14, or 7.9% , to $179.63 and Lehman stock added $6.42, or 15.2%, at $48.65.Analysts, while acknowledging the Federal Reserve's support for U.S. broker-dealers boosts confidence in capital markets, said negative outlooks for independent securities firms are appropriate since the potential for decreased profitability is still substantial.The slashed outlook may be especially difficult for Lehman Brothers to stomach. The financial services firm, whose business mix most closely resembles that of virtually collapsed Bear Stearns (nyse: BSC - news - people ), has dismissed recent rumors that it's headed down the same ditch as Bear (See: Financials Fall Into Bear Pit). Analyst Sprinzen says Lehman has done a better job managing its liquidity than Bear. As of Feb. 29, the firm's excess liquidity structure was $34 billion. "Lehman is among the largest proportionately of the U.S. broker-dealers, and its sources-to-uses ratio is the strongest of the five," Sprinzen said, adding that earnings have held up and Lehman's fixed income business remains profitable despite being directly affected by the economic slowdown and problematic asset-related write-downs.Sprinzen called Goldman Sachs' leftover mortgage and leveraged finance-related commitments "manageable" and praised the strength of its liquidity position. "However ... the firm's emphasis on trading activities and its aggressive risk appetite leave it open to the possibility that major missteps could ultimately occur, leading to a change in investor sentiments," Sprinzen said. Although Goldman is the most profitable U.S. broker-dealer, Sprizen said last quarter's profits were weak, with sales off 35% from the previous year.Documents filed with the Securities and Exchange Commission on Thursday March 20 show that Goldman's President and Co-Chief Operating Officer Jon Winkelried sold some 30,000 shares at about $173.85 each, totaling approximately $5.2 million, from Wednesday to Thursday. Vice Chairman Michael Sherwood unloaded some 7300 shares at a per share price of about $174.85, totaling close to $1.3 million Wednesday. Goldman could not be reached for comment.

21 countries more stable, prosperous than U.S. The US lies 22nd and Switzerland, normally associated with wealth and untouchable stability, is rated 17th, losing points in the assessment of its social achievements

Get Ready for Global Flight from U.S. Treasury Debt UK Telegraph | Even monetary policy à l’outrance may not be enough to halt the spiral. Former US Treasury secretary Lawrence Summers says the Fed’s shower of liquidity cannot cure a bankruptcy crisis caused by a tidal wave of property defaults.
Three Investment Banks Partake in Fed “Lending” Scam Baltimore Sun | Morgan Stanley says they have “tested the window because we want to remove the stigma from the window,” in other words they have a green light to steal even more from the American people.
CASH DASH: Firms Tap Fed for Billions...
American auto industry bracing for 'worst year in decade'...
In Washington, a Split Over Regulation of Wall Street...
BANKS PLOT PUBLIC BAILOUT: Mass purchases of mortgage-backed securities...

Insurgent Attacks in Baghdad, Northern Iraq Kill Nearly 60 People Voice of America - By VOA News US and Iraqi officials say insurgent attacks in Baghdad and northern Iraq Sunday claimed the lives of at least 58 people.
American death toll in Iraq reaches 4000 Boston Globe
US Death Toll in Iraq War Hits 4000 The Associated Press

China ups death toll in Tibet riots
Fed to be given MORE authority The Federal Reserve and Treasury are playing a dominant day-to-day role in overseeing Wall Street following this week’s rescue of Bear Stearns, raising the prospect that the central bank might be given more permanent authority over securities firms, yet the more important consideration is authority over the fed, treasury, and wall street in light of the pervasive fraud.
Central banks float rescue ideas
Three U.S. soldiers die in Iraq, toll nears 4,000
US Deaths in Iraq Approach 4,000...
Congress Raises the Debt Ceiling To Accomodate and Join bush’s Failed Legacy
No Money Gosh what happens when the Saudis and OPEC wake up and decide to peg the price of oil to the Euro? Snap, crackle, pop
OBAMA AIDE: BILL CLINTON LIKE MCCARTHY...
NM Gov. Bill Richardson Endorses Obama...
DETAILS: Obama Has Financial Edge For Primary Endgame...
GALLUP: Obama back on top...
POLITICO: 'Clinton has virtually no chance of winning'...

China Sends Thousands of Troops Into Tibet AFP | A week of protests against China’s 57-year rule of Tibet erupted into rioting in Lhasa last Friday. Demonstrations have since spilled over into nearby Chinese provinces with sizeable ethnic Tibetan populations.
Russian envoy: US military “arming ex-terrorists” in Kosovo Monsters and Critics | NATO Dmitry Rogozin claims the Bush neocons are arming former KLA terrorists in Kosovo.
Blitzer Dishonestly Spins McCain Iran-al-Qaeda “Gaffe” with Doctored Video Media Matters | Corporate media operative Wolf Blitzer attempts to get John McCain off the hook by airing a spliced version of his “gaffe” about al-Qaeda and Iran.
Archives show Clinton lied: Obama campaign...

Jim Rogers: the Fed is Throwing Dollar Out the Window “This man Bernanke was never elected by anybody. I don’t know where he gets the audacity to spend $230 billion dollars to bail out a few friends on Wall Street. This is totally outrageous.”
Rogers: Fed Has “Given Up” On The Dollar Paul Joseph Watson | Investor slams Bernanke for destroying greenback to bail out friends on Wall Street.
The Fed is just an Extension of the Banking Establishment The Bear bailout was engineered to serve the needs of the banking establishment; nothing more. The Federal Reserve and the US Treasury are merely an extension of the financial industry. The Bear bailout proves it
Stock Guru Granville: We’re in a Crash Octogenarians Joseph Granville and Robert Stovall predict the worst. “We’re in a crash,” said Granville. “This is the worst I’ve seen, and I’ve studied every bit of history all my life”
Joseph Stiglitz calls financial crisis worst since 1930s Stiglitz said it was ironic that former Federal Reserve head Alan Greenspan had said it was the world’s worst economic problem in the last 50 years, adding, “He is the source of much of the problem”

Family recalls fallen soldier was against Bush, Iraq war
U.S.-led force kills Afghan civilians in raid

The Fed's Wall Street Dilemma
The Collapse of American Power In his famous book, The Collapse of British Power (1972), Correlli Barnett reports that in the opening days of World War II Great Britain only had enough gold and foreign exchange to finance war expenditures for a few months. The British turned to the Americans to finance their ability to wage war. Barnett writes that this dependency signaled the end of British power.
'Oh, Magoo, You’ve Done It Again!' Frederick Sheehan Lew Rockwell.com Tuesday, March 18, 2008 Alan Greenspan’s instinct for self-exculpation reached new heights in the March 17, 2008, Financial Times. In "We Will Never Have a Perfect Model for Risk," he writes a model essay intended to eliminate risk – the risk he might be held accountable for the imploding banking system that he failed to regulate. Nowhere would the reader glean the author had a hand in the topics he speaks of with such authority. Nowhere would the reader detect a hint that the practices and models the former Federal Reserve chairman now condemns were once either blessed or ignored under his authority. We read in the FT: "The crisis will leave many casualties. Particularly hard hit will be much of today’s financial risk-valuation system, significant parts of which failed under stress. Those of us who look to the self-interest of lending institutions to protect shareholder equity have to be in a state of shocked disbelief."….. Recusing himself from responsibility to regulate the banking system, he told an audience in 2005: "The use of a growing array of derivatives and the related application of more sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions." The former chairman squirmed on The Daily Show. He told Jon Stewart in September 2007: "I’ve been in the forecasting business for 50 years. … I’m no better than I ever was, and nobody else is. Forecasting 50 years ago was as good or as bad as it is today. And the reason is that human nature hasn’t changed. We can’t improve ourselves." (Stewart lost faith in America at that point: "You just bummed the [bleep] out of me.")…..

Banks face "new world order," consolidation: report

IMF chief says contagion risk ‘very high’

IMF, OECD hit alarm buttons for crisis-hit global financial system

Currency Strategists Warn of Intervention to Salvage U.S. Dollar

Turning Point For The Dollar?

Bear Stearns Rescue Is `Finger in Dike,' Scholars Say

Who Traded 55,000 Bear $30 Puts Tuesday?

Dollar sells off after Fed's emergency measures

Welcome to the Future: The Second Great Depression

NZ market hit by US meltdown

Stocks Mixed After Bear Stearns Deal

Oil plummets on economy worries

Greenspan: Economy Worst Since World War 2

Not Just Recession, Clinton Appointee Talking 'Depression'

Housing Predictor: Economy on the Edge of Depression

U.S. Futures, Global Stocks, Dollar Decline After Fed Cuts Rate

Dollar Doomsayers Draw Signs From Bernanke Rate Cuts

Dollar's nosedive stirs joint intervention jitters

Treasury Secretary refuses actions to strengthen dollar

Pound Slumps to Record Versus Euro After Fed Cuts Discount Rate

Fed acts Sunday to prevent global bank run Monday

Dollar dives to near 13-year low vs. yen

Bernanke Saves Bear Stearns While Americans Live In Tents

Global market panic sparks more gold buying, bullion near record

How bad is the mortgage crisis going to get?

Leading Economic Writer: Financial Meltdown A "Gigantic Fraud"
The Fed's Desperation Move
How to Destroy a Country in Five Years
Bearly Alive
Foreign Investor Flight from U.S. Debt and seeing red
We Are Being Bernanke’d Comparisons between 2008 and 1929 are predictive programming to get you use to the idea
Stock Guru Granville: We’re in a Crash Octogenarians Joseph Granville and Robert Stovall predict the worst. “We’re in a crash,” said Granville. “This is the worst I’ve seen, and I’ve studied every bit of history all my life”

Welcome To The Second Great Depression

Last Friday we got a taste of what the future is likely to be like as we make our way further into the belly of the second great depression

Eroding confidence stings bank shares...
GREENSPAN: MY FINANCIAL MESS WORST SINCE WWII...
Wall Street waits for next domino to fall...
FED GIVES ANOTHER QUARTER...
PAPER: Foreign investors veto Fed rescue...
The Dollar Doomsayers...
INTERVENTION?
Euro, Gold Hit New Records...
Bumbling bush: 'We're in Space Shuttle Challenger Times'...
3-month bill yield seen lowest in 50 years...
Fears mount over US economy
US Military committed War Crimes in Fallujah: Open Letter to the International Criminal Court of Justice I believe that there is sufficient evidence to launch an investigation into what happpened in Fallujah, Iraq in 2004. I pray that you will agree and take all necessary steps to ensure that justice is served
$175 for a Barrel of Oil? Commodities may have “explosive rallies” in the next couple of years, with crude oil rising to $175 a barrel, according to Goldman Sachs Group Inc.
Spitzer taken down by Mossad?
Corporate Media Snowjobs Dollar Crisis
Leading Economist: Dollar Faces Outright Collapse Another prominent economist has warned that the bottom may soon drop out of the dollar completely as the currency hits fresh lows and continues to sink worldwide.
Paul Craig Roberts: Watching the Dollar Die
Gold Futures Rise to Record $1,009 on Bear Stearns Bailout
Panic in stock markets as U.S. banking giant Bear Stearn 'on verge of collapse'

CALLS MOUNT FOR OLYMPIC CEREMONY BOYCOTT
International war criminals israeli warship 'enters Lebanese waters'...

Many voting for Clinton to boost GOP Boston Globe
Clinton struggles with loss of black support...
FORMER GOP SENATOR RIPS HILLARY AS 'BUSH ENABLER'...
CLINTON 'WE CANNOT WIN' IRAQ WAR...

Red Cross: Iraq's humanitarian situation most critical
Some families spend a third of their average monthly wage of $150 just buying clean water, the report said. Healthcare in Iraq was "now in worse shape than ever" .Iraq-USA, Politics, 3/18/2008
2.7 million Iraqis displaced living difficult conditions
More than 75 percent had no access to government food rations and nearly 20 percent lacked supplies of clean water, she said adding that some 33 percent could not get the medicine they needed while only 20 percent had had any help from humanitarian agencies .Iraq-USA, Politics, 3/18/2008
Iraqi crisis fuels rise in asylum-seekers in industrialized world – UN report
"For the second year running, Iraqis topped the list of asylum-seekers in the world's industrialized countries," according to the UN High Commissioner for Refugees Iraq-UN, Politics, 3/18/2008
US on Iraqi political groups walk out
US Department Of State Deputy Spokesman Tom Casey was asked today about the number of Iraqi political groups pulled out of the talks that were being held today, more than a year after President George W. Bush announced the surge as a way to try to provide breathing space for the Iraqi political system to achieve reconciliation. Iraq-USA, Politics, 3/18/2008
Five journalists given three-month prison sentences over critical articles
the two newspapers carried a news item about this citizen's filing of a motion with the Higher Judicial Council against the judges of the Higher Court of Justice, who had upheld a decision by the Civil Status and Passport Department depriving the plaintiff of his citizenship. The two newspapers were sued, as were their chief editors, as the newspapers' representatives: Usama Sharif of "Ad-Dustour" and Taher Al Udwan of "Al Arab Al Yawm."Jordan, Politics, 3/18/2008
Journalist Hasan Abdel Jawad arrested; intimidation of press in West Bank
The International Federation of Journalists is calling for the release of journalists being held in Israeli prisons for their critical reporting. The arrest last week in Bethlehem of journalist Hasan Abdel Jawad, who is also a Palestinian Journalists' Syndicate (PJS) board member, brings to 8 the number of journalists detained by Israeli authorities. Palestine-Israel, Politics, 3/18/2008
Democrats Focus on How to End Iraq War
No Regrets on Iraq War: says Unconflicted Psychopathic War criminal and Moron bush
Top U.S. Officer in Mideast Resigns - WashingtonPost.com
Iraq-USA, Politics, 3/18/2008
Petraeus: Iraqi Leaders Not Making 'Sufficient Progress' - WashingtonPost.com
Iraq-USA, Politics, 3/18/2008
Iraq Attacks Lower, but Steady, New Figures Show - NY Times
Iraq-USA, Politics, 3/18/2008
Iraqi feel-good stories prove elusive - LA Times
Iraq, Politics, 3/18/2008
Olmert vows to continue east Jerusalem settlements - Yahoo! News
Palestine-Israel, Politics, 3/18/2008
Poll shows Palestinians now favor Hamas over Fatah - LA Times
Palestine-Israel, Politics, 3/18/2008
Palestinians Unite in Anger Against Israeli Attack - NY Times
Palestine-Israel, Politics, 3/18/2008

How to Destroy a Country and Get Off Scot-Free Linda Heard, [email protected]

Someone once told me if you're going to tell a lie make it a whopper based on the premise the more outrageous the lie the more likely it is to be believed. At the time, I wrote off his advice as hogwash but as we see from the Iraq debacle, he was right. Five years later, the deceit continues undiminished and nobody has been held to account. Britain's Gordon Brown yesterday promised to hold an enquiry into the "mistakes" made in Iraq. Sounds good, but don't hold your breath. All previous inquiries have been labeled "whitewashes". They can't afford the truth to come out else they might get a one-way ticket to The Hague.Ambassador David Satterfield, and adviser to Secretary of State Condoleezza Rice, is doing the rounds of talk shows lauding America's victories over Al-Qaeda in Iraq. On one occasion the host interjected to mention the unpalatable fact that Al-Qaeda members only flocked to Iraq once the Americans were in place leaving Satterfield momentarily nonplussed.It's obvious that Satterfield is so saturated in the party line he forgot the Pentagon's recently published study that found with certainty that Saddam Hussein had absolutely no links to Al-Qaeda. And lest we forget Saddam didn't have WMD either, which means not only was the war immoral the prewar sanctions on that country that contributed to the deaths of over half-a-million Iraqi children were too. Think about it for a moment. The warmongers invaded, crushed and occupied a country that was no threat to anyone. They stood by as it was looted, exacerbated sectarianism, flattened entire towns, tortured untold numbers of innocents, brought in gum-chewing, tattooed foreign mercenaries and paid crony companies billions of dollars for mythical reconstruction projects.They then pretended to hand over sovereignty to that country while at the same time constructing permanent bases and the biggest US Embassy in history resembling a small town. They said they had no interest in Iraq's oil, yet they are putting immense pressure on the Iraqi government (sic) to sign into law a bill that permits foreign (read American) oil companies to lock up decades-long deals. Let's be frank. Iraq wasn't a blunder, it was a crime. So how did they manage to get away with implanting their long-conceived plot to do away with Israel's No. 1 foe, ensure their competitors couldn't get their hands on Iraq's resources and entrench their military might in the region? Future historians will no doubt be scratching their heads over this one. You had to live through it to believe it.

First, they cleverly used the politics of fear to sway public opinion. As noted in the Project for the New American Century's document "Rebuilding America's Defenses", the warmonger signatories - who later became senior members of the Bush administration - needed "a new Pearl Harbor". On Sept. 1l 2001 they got it. Americans and their allies were in shock. Almost every country in the world was sympathetic and willing to do anything to help. And, boy, did they capitalize on that empathy even managing to persuade Russia to stay silent as they made deals with Caspian states to allow US bases.

Step one was a country where a giant bogeyman was supposed to be hiding out in a cave presumably equipped with a dialysis machine and a production studio and whose black-turbaned government forced women to wear a burqa and disallowed nail polish. But then Defense Minister Donald Rumsfeld was disappointed because there weren't enough targets for his bombs. It was no fun bombing a country into the Stone Age when it was already there.

Step two was the insidious demonizing of Muslims, thousands of whom were arrested and held for months without charge or access to lawyers. In that climate of fear, it was relatively simple to persuade the American people that Saddam Hussein was conniving with the people who brought down the World Trade Center. US officials warned of mushroom clouds; Prime Minister Tony Blair said British interests could be attacked within 45 minutes of Saddam giving the order. Then Secretary of State Colin Powell allowed himself to be used as their fall guy. He spouted the most unbelievable scripted codswallop the UN had ever heard...yet, bullied and bribed nation after nation pretended to believe him as IAEA chief Mohammed El-Baradei and UN weapons inspector Hans Blix did little to discredit the hoax.

Step three entailed replacing Osama in people's minds with Saddam, who overnight morphed into a hydra-headed monster whose idea of a pleasant weekend was gassing and torturing his own people.

Step four was 'Shock and Awe' which illuminated the Baghdad skyline on March 19, 2003. As their bombs and missiles rained down on crowded market places scattering limbs, they told us those bombs and missiles were Saddam's even though the Independent's Middle East correspondent inconveniently dug up their Made in the USA shards.

As the months went on, we began to wonder what happened to the WMD. They told us it was only a matter of time before it would be unearthed from under the sands or discovered in a tunnel under one of Saddam's palaces. They even suggested it may have been shipped off to a neighboring country for safekeeping!!

Step five was an orchestrated administration campaign to inject us with mass amnesia. Never mind about the weapons, they said. We are here to liberate the poor Iraqi people from their evil dictator and deliver freedom and democracy. Look, look, they said. The Iraqis have purple fingers! With up to one million dead, Iraqis are lucky they have any fingers at all.

To be fair, they couldn't have done it without the aid of a compliant, supine media, which embedded its reporters with US battalions and agreed not to show captured US soldiers, flag-draped coffins, military funerals or scenes of blood-soaked Iraqi civilians. Independent reporters who neglected to abide by the script were discredited, refused access to information and even shelled.

I still recall a live report from David Chater of Sky News, who saw the barrel of a US tank slowly turn toward the Palestine hotel - known to be a journalist's hang-out - before firing its shell killing three reporters. The Baghdad offices of Al-Jazeera and Al-Arabiya were also hit.

With so much information on tap I'm flabbergasted that so many people still believe the Iraq fairytale. I wish they'd get in touch with me. I've got a few pyramids and a sphinx going cheap. Sad, isn't it!

Poll: Majority of Democrats prefer Obama CNN -- A majority of Democrats would like to see Barack Obama rather than Hillary Clinton win their party's presidential nomination, according to a national poll out Monday.

Bernanke Plays `Whac-A-Mole' With Turmoil in Markets By Rich Miller March 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke may be facing something worse than a loss of personal credibility on Wall Street and in Washington: waning faith in the ability of the institution he leads to turn around ...

Time for West to Stop This Vicious Campaign

GREENSPAN: MY FINANCIAL MESS WORST SINCE WWII...
Wall Street waits for next domino to fall...
FED GIVES ANOTHER QUARTER...
Watching the Fed as Records Continue to Be Broken
The Weak Ahead: Fed Action Reeks of a Bailout
The Bernanke Fed's Next Interest Rate Cut Will Be Its Last
Euro, Gold Hit New Records...
The Dollar Doomsayers...
WORTHLESS
SOLD: JPMorgan Closes Deal on Bear Stearns...

PAPER: McGreevey aide says he had sexual trysts with ex-governor, wife...

Taxman gets power to turn up unannounced to homes and demand to see records

Stocks Rollercoaster Down on Reality and Bear Stearns Cash Fear Associated Press | Stock market plunges as investors worry about the severity of the liquidity crisis at Bear Stearns and how serious the credit crisis has become.

George ‘Herbert Hoover’ Bush

Lew Rockwell | Alan Greenspan just told a Wall Streeter who hired him as a consultant that “the economy is headed off a cliff.” Yes it is, Alan, and you are a chief criminal, along with Nixon, Bush, and others, in this unfolding global disaster.

More Economists Agree We Are In A Recession

Wall Street Journal | More economists understand what most Americans already know — we are in a “recession” and one man’s recession is another man’s depression, depending on where he stands in regard to a job and credit.

Spitzer’s Sex Life Is Weapon of Mass Distraction for a Bunch of Bad News for Bush

Tel Aviv Seeks to Use american funds that america doesn’t have to further alienate important Arab Allies to buy F-22 Jet Fighters to commit more war crimes

Bush Family Nazi Ties

Google Video | Investigative journalist John Buchanan explains how the Bush crime family supported Hitler and the Nazis, a historical fact completely ignored by the corporate media.

A VICIOUS CIRCLE ENDING IN A SYSTEMIC FINANCIAL MELTDOWN
Fed Interventions Spur Worries Of Sowing Seeds For Next Crisis CNNMoney.com - In deploying its most powerful weapon on Friday, the Federal Reserve made clear that some banks are simply too big to fail. While Bear Stearns (NYSE:BSC) ' near-death experience is sending shudders through the financial world, it also provided a ...
US Stocks Fall, Led by Banks; Bear Stearns Drops Most Ever Bloomberg
Banks, Fed to take stocks on rocky ride Reuters
Fed Chief Warns Anew on Foreclosures New York Times
Bernanke says foreclosures not limited to subprime, no market ... Forbes
Gold Futures Rise to Record $1009 on Bear Stearns Bailout

FED PLEDGE TO SUPPLY CASH...
Race to Rescue BEAR STEARNS...
Largest government bailout of securities firm....
Fed Invokes Little-Used Authority to Prevent Collapse...
'Vicious downward spiral'...
Bush Urges fellow mental patients Patience...
Dollar falls below Swiss franc...

5 Reasons the Fed's Credit Bailout Will Likely Disappoint Matt Blackman
While stock traders began to party again after hearing news of the Fed March 12 credit bailout, currency traders were betting it wouldn't work. After staging a brief rally on Tuesday, the US dollar fell to a new all-time low against the euro Wednesday as confidence that the Fed move would solve the credit crisis and economic fallout proved short-lived. Hopes have run high that the $250 bailout would prove the requisite panacea by stock investors prompting many to call a bottom in stocks. But here are five reasons why they will probably be disappointed.
1) Much more subprime pain to come - According to a Bloomberg article from March 11, Even after downgrading almost 10,000 subprime-mortgage bonds, Standard & Poor's and Moody's Investors Service haven't cut the ones that matter most: AAA securities that are the mainstays of bank and insurance company investments. None of the 80 AAA securities in ABX indexes that track subprime bonds meet the criteria S&P had even before it toughened ratings standards in February, according to data compiled by Bloomberg. A bond sold by Deutsche Bank AG in May 2006 is AAA at both companies even though 43 percent of the underlying mortgages are delinquent. Sticking to the rules would strip at least $120 billion in bonds of their AAA status, extending the pain of a mortgage crisis that's triggered $188 billion in writedowns for the world's largest financial firms. AAA debt fell as low as 61 cents on the dollar after record home foreclosures and a decline to AA may push the value of the debt to 26 cents, according to Credit Suisse Group. "The fact that they've kept those ratings where they are is laughable," said Kyle Bass, chief executive officer of Hayman Capital Partners, a Dallas-based hedge fund that made $500 million last year betting lower-rated subprime-mortgage bonds would decline in value. "Downgrades of AAA and AA bonds are imminent, and they're going to be significant." So what happens to the Fed requirement that any collateral exchanged for Treasuries not be subject to a downgrade? According to the article, all but six of the 80 AAA ABX subprime bonds failed an S&P test for investment grade status. As I understand the program, they should NOT qualify for the Fed collateral exchange.
2) Home price declines are still accelerating. This means that bonds that qualify as investment grade today have a better than 50-50 chance of not qualifying tomorrow. Rating agencies essentially discounted the probability of housing price declines. How can the Fed (and taxpayers who risk picking up the tab) trust them now?
3) The Fed bailout allows that mortgage bonds be used as collateral for a 28 day period. What happens when the 28 day period elapses? The Fed has also said it would discount the value of bond collateral. By how much? Do banks get to discount them again before taking them back after the 28 day period has elapsed? I trust that the Fed has no plans to be the buyer of final resort for this junk. It would mean this liability would ultimately be passed on to the taxpayer. But even giving Bernanke & Co the benefit of the doubt, this solution is very short-term in scope. And what happens when its over and $200 billion in bonds have been exchanged?
4) The current housing (and credit) bubbles took years to form and were powered by the creation of trillions in derivatives. The credit default swap market alone doubled every in 2006 and 2007 and at latest count had grown to more than $40 trillion. The chances that any bailout attempts by government or quasi government agency like the Fed will re-inflate these bubbles are effectively zero. The latest estimate by Friedman, Billings and Ramsey is that the $11 trillion mortgage market needs about $1 trillion in new investment to halt the slide in bond prices that began last year. But that estimate assumes that payments on more than 90% of US mortgages will remain current - Is this realistic assumption given the scope of home price declines and the amount of zero down, no doc, lier mortgages etc. that were issued? Probably not. What motivation do those who made little or now down payment have to maintain their payments on a home that has dropped below the mortgage amount?
5) Can this bailout halt the economic slide that my indicators are telling me will result in a recession? (see this post) Can they reverse the economic cycle? Certainly not on both counts if history is any guide. More likely, the latest stock run is nothing more than a predictable bear market rally that will quickly evaporate, just like those that resulted from past bailout hopes have done since November. As Joseph Mason commented in a Bloomberg interview March 12, all Fed efforts so far have focused on providing liquidity but they do nothing to address credit losses. Someone has to take those losses including homeowners, consumers as well as banks, lenders, hedge funds etc. And those losses are far from over. And so far, the only credit problems being discussed are mortgage related. What about commercial, car, student, credit card, M&A, LBO and other loan markets? What happens when they begin to blow up?

5 REASONS WHY THE FED HAS FAILED BY HELEN ANDERSON

No single quasi-private institution has as much influence on the worldwide economy as the Fed, and as a leader can head this institution for an indefinite term, no one man is as influential on the markets as the Fed Chair.

The Dollar has plummeted in the currency markets and shows few signs of recovery or even stabilization. The new style and policies that accompanied Bernanke into office have made the Forex markets more volatile than ever and even more difficult to predict. An examination of what has gone awry can help Forex traders understand this new era at the Fed.

1. The Fed ignored the signs

The Fed has stated that it will never act as a regulator in any financial market, but it has the duty to use its influence for reform when it sees signs of consumer exploitation. Since as early as 2001, at least two senior officials inside the Fed urged its board to call for tighter regulations in the housing markets, especially in abuses that were clearly evident in the handling subprime mortgages. At the time, the White House was singing the praises of America’s new society of ownership, so the Fed took this cue and did nothing.

These deceptive loans were making possible the dream of home ownership to millions of Americans, even to those who could not come close to affording it. Now these same Americans are living through a nightmare of foreclosure and debt, much in thanks to the Fed’s willingness to ignore long-term repercussions and revel in immediate accomplishments, no matter how hollow and transitory they might be.

2. The Fed did too little too late

Other than advocating for reform, the Fed should have fully committed to a strategy of lowering target interest rates. Instead, Bernanke procrastinated, and when he did finally announce a cut, it was insufficient and ineffectual, at best. On December 11th, the Fed dropped its benchmark rate by a quarter of a percent rather than the half of a percent that had been called for by analysts and investors. Wall Street promptly responded, as the Dow plummeted nearly 300 points in one day.

The Fed might argue that this cut was prudent and that a more drastic cut would have unnecessarily fueled a rise in inflation. However, many view the Fed’s temerity in this matter as merely an extension of its inertial proclivity towards inaction.

3. The Fed kept interest rates too low for too long

Though this may seem to contradict the statements above, one of the reasons that the Fed might have hesitated in cutting rates is that they were already too low to begin with. Greenspan’s long tenure at the Fed was defined by a tendency to aggressively cut interest rates, which he began to do frequently in 1987 after the drastic correction in the stock market.

This initial move helped stave off disaster, but the further rate cuts of the late 1990s eventually led to the dot-com bubble. Rates should have been raised again in the early 2000s; if this had been done, the US might have avoided the furious borrowing that has led to the current credit crunch.

4. The Fed’s view of inflation is flawed

The Fed seems rather befuddled by this important economic indicator. The soaring costs of food and energy are a phenomenon is the US and worldwide, but the Fed does not take these developments into account.

The Fed’s analysis focuses on “core inflation,” which excludes a number of indices that it views as transitory, including energy and food costs. “Headline inflation,” which does take these costs into account, is favored by European economists, who view high energy prices as a long-term trend. By choosing to disregard the rising costs of a barrel of crude oil and a bottle of olive oil, the Fed is ignoring reality.

5. The Fed gives gold stars to those deserving detentions

Fed policy following the recent economic slowdown has done nothing but reward those who helped caused it. The majority of financial stocks have suffered of late, and justifiably so. However, the Fed seems dedicated to bailing out even the worst of the perpetrators with the recent set of economic interventions that it has enacted.

While working to eliminate any downturn in the market might seem feasible for short-term success, it is a purely shortsighted endeavor that will hurt the economy in the long run. In order for a free market to truly exist, bear markets must coexist peacefully with bull markets. Unfortunately, the Fed has its bright orange vest on and is going bear hunting. This is a doomed outing, and one that is going to get us all hurt in the end.

Futures Down Triple Digits on Hedge Fund Collapse

Dollar sinks to record low vs euro, currency basket

Stocks slip on rethink of Fed plan, oil over $110

Typical Bear Market Action

Feb budget gap balloons to record $175.56 bln (Reuters)
Eliot Spitzer's Rise and Fall On CNBC Tonight

Israelis kill four in West Bank -

Foreclosures becoming 'nightmare' for cities...

Reid Won't Back Ban on Earmarks...
NY Gov Apologizes, but Quiet on Scandal...
PROSTITUTION RING?
It Wasn't the Sex; Suspicious $$ Transfers Led to Spitzer...
WNBC: Text Messages, Cell Phone Records May Link...
WCBS: Could Resign Tonight...
A Long Night for TIMES Metro Desk...
Scandal met with disbelief on fraudulent wall st where such is common place and no big deal as they say he along was really one of them...
It Wasn't the Sex; Suspicious $$ Transfers Led to Spitzer ABC News - By BRIAN ROSS The federal investigation of a New York prostitution ring was triggered by Gov. Eliot Spitzer's suspicious money transfers, initially leading agents to believe Spitzer was hiding bribes, according to federal officials.
UPDATE 1-FACTBOX-NYT names Spitzer as 'Client 9' in sex case Reuters
Newspaper Report: New York Governor Patronized Escort Service Voice of America

It’s alive! Sullivan: The Clintons, a horror film that never ends...

DICK MORRIS (3-19-08): 'Obama has already won the nomination. It's all over but the shouting'...

IT'S TIME TO CALL IN HATCHET MEN AGAINST THE CLINTONS

By DICK MORRIS & EILEEN MCGANN

Published in the New York Post on March 9, 2008.

Clintons are trying to steal the nomination from Barack Obama - and he can't let them.

The Clintons' campaign attacks put Obama in a bind.

If he doesn't answer in kind, he's toast.

But if he does, they'll have forced him off his winning message of hope and change from the bitter politics of the Bill Clinton and George W. Bush eras.

If they pull him off his game and onto theirs, they can wrest away the Democratic convention victory that he's earned.

The solution for Obama is clear: Reply in kind, but do it through surrogates.

Obama must answer Hillary's negative attacks and make counterpunches of his own to rock her back on her heels.

His holier-than-thou posture is fine for the opening stages of a campaign, but when your opponent starts throwing mud, you've got to answer.

While Hillary takes aim at Obama's buddy, Tony Rezko, the Obama people need to explore the dimensions of Hillary's relationship with con artist Norman Hsu, who donated almost a million dollars to her campaign, money he'd scammed from gullible investors.

Obama needs to enlist the likes of Ted Kennedy and his other supporters in making the case against Hillary.

After her victories in Texas and Ohio, Hillary is once again in play. Negatives about her matter. A full frontal assault on her integrity and on Bill's conflicts of interest (remember they have joint finances) will work and will stop the bleeding in the Obama campaign.

The Clintons would like nothing better than for Obama to remain passive, clinging to his desire to raise the tone of our politics.

If Sen. Clinton resorts to negative ads in the remaining primary states, Obama needs to do so, too, always keeping himself off camera and using an announcer to articulate his message.

As long as his attacks center on Hillary's and Bill's financial dealings and their relationships with lobbyists and special-interest groups, he will remain on message and his attacks will be in sync with his general approach to the race.

But Obama must make no mistake - it's time to fight back.

Dick Morris to Hillary: IT’S ALIVE AND IT'S OVER FOR YOU...

HILLARY'S 911 FABRICATION ON CHELSEA

Dick Morris & Eileen McGann / Newsmax | March 25, 2008

Now that Hillary Clinton has been nailed in an outright fabrication of her role in Bosnia, it is time to remind ourselves of another, even more galling fantasy that Hillary tried to sell the voters.

After 9/11, Hillary had a problem. New Yorkers were desperately focused on their own needs for protection and they were saddled with a Senator who was not one of them -- an Arkansasn or was it a Chicagoan?

Interviewed on the "Today" show one week after 9/11, she spun an elaborate yarn. The kindest thing we could say was that it was a fantasy. Or a fabrication.

She said that Chelsea was jogging around the World Trade Center on 9/11 and happened to duck into a coffee shop when the airplanes hit. She said that this move saved Chelsea's life. But Chelsea told Talk magazine that she was in a friend's apartment four miles from ground zero when the first plane hit. Her friend called her, waking her up, and told her to turn on the TV. On television, she saw the second plane hit, disproving Hillary's claim that "she heard the plane hit. She heard it. She did."

So why did Hillary make up the story about Chelsea? Most likely to was because her co-senator (and implicit rival for the voter's affection), a real New Yorker Chuck Schumer spoke of his daughter, who attended Stuyvesant High School (Dick's alma mater) located next to the TRade Center, being at real risk on 9/11. Hillary needed to make herself part of the scene.

She invented the entire story on national television, the "Today" show, and didn't blink an eye.

Her fabrication on the "Today" show was no unique foray. It is her standard M.O.. It gives us pause in evaluating all of her stories and calls into question her entire credibility.

Studies: Iraq costs US $12+BILLION per month (AP)

‘Israeli Moves Weakening PA’

Obama Wins Wyoming Caucuses New York Times

BARACK IS BACK; WYOMING VICTORY

Exchange bets favor Obama for Democratic nomination Reuters - By David Alexander WASHINGTON (Reuters) - Hillary Clinton will win Democratic primary elections in Pennsylvania, Kentucky and West Virginia in the coming weeks, but rival Barack Obama will ultimately capture the party's presidential nomination, ...
Obama’s California Comeback Wall Street Journal
Dems Surge by 65000 in Pa. The Associated Press

Banks face "systemic margin call," $325 billion hit: JPM

History will likely record that the "$3-8 Trillion" Iraq War was a key reason
why the American economy shuddered to a stop and a new Great Depression began,
if the financial genocide continues :
The spending on Iraq was a hidden cause of the current credit crunch because the US
central bank responded to the massive financial drain of the war by flooding the American economy with cheap credit.
"The regulators were looking the other way and money was being lent to anybody this side of a life-support system..."
That led to a housing bubble and a consumption boom, and the fallout was plunging the US economy into recession...

$106...
Oil Advances to Record as Dollar Drops to All-Time Low...
Homeowner Equity Lowest Since 1945...

Records galore: dollar plunges, oil and gold soar (AFP via Yahoo! News) Currency and commodity markets saw a flurry of record-setting performances Thursday, with the dollar tumbling to a new low against the euro as oil and gold leaped to unprecedented peaks.
Gold price strikes record high near 1,000 dollars (AFP via Yahoo! News)The price of gold hit a new record on Thursday close to the symbolic 1,000 dollars per ounce level as the precious metal was boosted again by the weak dollar, traders said.

Gulf investors may not save CITIGROUP, Dubai executive says...
Worries About Cash Levels...
OPEC president says he favors cutting oil output...
Crude May Rise to $120...

Vehicle Sales Plunge

Buffett: US Economy In Recession Associated Press | Mr. Dumbya bush, Mr. Buffett is on the red phone with an important message. WAKE UP YOU BURNT OUT SLACKER!
The Federal Reserve's rescue has failed
Stocks Tumble Around Globe in light of US Recession
9/11 protester arrested after yelling at Bill Clinton
Gold Gains to Record Above $980 on Dollar, Inflation Concerns
Dollar Falls to 3-Year Low on Speculation Debt Losses to Spread

UN Responsible for Israeli Aggression, Says Kingdom
Israel’s Moral Compass Is Flawed Linda Heard…..Ya Think?
Israeli Prime Minister Ehud Olmert says he doesn’t want lessons in morality. He’s right. He and his Cabinet are a lost cause on that front. Any attempts to appeal to their sense of right and wrong is futile because they are unconflicted Christ-killing war criminals.

Canada defends Obama over NAFTA flap...
Obama camp: Hillary needs double-digit wins or 'it's over'...
Delegate Math Could Cloud Results...
Oil Hits All-Time High...
...OPEC chiefs rule out need to raise output
Dollar falls to historic low...
Tourist Robbed For GAS MONEY...

Call For "Federal World Government" Endorsed By Hillary - Extended Clip
New Video: "Cocaine & the Contras" - Robert Parry & Gary Webb

`RASMUSSEN POLL: OBAMA TAKES 4-POINT LEAD IN TEXAS...`

`POLL: Obama has lead in Texas, close in Ohio...`

Smart Money Smells Bear Market (at Forbes.com)
S&P: US home prices down sharply
Worries grow for worse 'stagflation'
Oil passes $101 on weaker dollar
More Americans Using Credit Ccards to Stay Afloat Sooner or later, when the easy credit is gone, there will be a collective howl as the heavily indebted middle class is turned out in the street in a modern version of the Grapes of Wrath.
Iraq war “caused slowdown in the US”
The March to War: USS Cole Gives War Jitters to Lebanon Lebanese PM Fouad Siniora said he did “not ask anyone to send warships.” But since when did the neocons need permission to dispatch warships or, for that matter, invade countries and kill hundreds of thousands of people?
International war criminal nation israel air strikes kills six Gaza resident civilians: medics
Report: Israeli occupation causes terror
International war criminal israeli strike kills baby
Israel kills 31 Palestinians in Gaza raid
International law violator/war criminal nation israeli War Crimes Minister Threatens Palestinian Holocaust
Gazan civilians, women, children under fire by bully war criminal israelis who got pasted by Hezbollah in israel’s illegal Lebanon invasion, anger at International war criminal nation israel mounts - By Nidal al-Mughrabi GAZA (Reuters) - Under the most intense Israeli bombardment in years, the people of Gaza took cover on Saturday, some comforting children caught in the firing line, many saying the onslaught may bolster support for Israel's Hamas ...
At Least 45 Killed in Israeli Strikes in Gaza New York Times
Warsaw Ghetto and Gaza: Disturbing Parallels I saw a photo last week of a father holding his 6-month-old baby son. The father’s face was devoid of expression; the child in his arms was dead…..
Israeli strikes kill 54 in Gaza as freedom fighters send off barrage of ... International Herald Tribune
Deadly Israeli Attacks Kill 52 GAZA CITY, 2 March 2008 — Israel killed 52 Gazans — including women and children — and injured more than a hundred in a ground incursion yesterday deep into the Gaza Strip, making Saturday the deadliest...
Israel pledges to press on with Gaza offensive Reuters - By Nidal al-Mughrabi GAZA (Reuters) - Israel vowed on Sunday to press on with a Gaza offensive and curb rocket strikes, threatening stronger action despite UN condemnation of assaults that have killed 100 Palestinians, many of them civilians.
U.N. chief condemns Israel after bloody day in Gaza
Israel's Gaza Attacks Raise Arab Anger ABC News - Intensified Israeli airstrikes and fighting between Israeli troops and Palestinian militants have left more than 100 Palestinians dead.
Palestinians Suspend Peace Talks With Israel Over Gaza Bloodshed Voice of America
Israeli City Shocked As Rockets Hit The Associated Press
Abbas Suspends Talks With Israel Over Gaza Offensive
Editorial: Defusing Gaza 3 March 2008 What Israel is doing to the Palestinians in Gaza can and should be called a war crime, genocide, and to borrow from the lexicon of one Israeli official, a holocaust. Israel has declared open season...
International war criminal nation israel returns to Gaza to sabotage peace efforts, embarrass their terrorism sponsor america as Rice pushes peace talks to resume CNN International - GAZA CITY (CNN) -- Israeli soldiers returned to southern Gaza on Tuesday hours after Secretary of State Condoleezza Rice appeared in the West Bank calling for Israelis and Palestinians to promptly resume peace talks.
ZOGBY: 70 percent of Americans believe Media out of touch...
Sarkozy Le Pew backing neocon/bush lapdog phony Tony Blair's campaign to become first President of Europe...
Sicily Mafia 'restoring US links'
House of Cards: Consumers Turn to Credit Cards Amid Mortgage Crisis, Delaying Inevitable Defaults
Weak confidence, PPI jump stoke U.S. stagflation fear (Reuters)
Dollar slumps to record low beyond $1.50 to euro (Reuters)
...Euro Keeps on Climbing Against Dollar

McCain says he could lose over war issue

THE CLINTON BODY-COUNT Now that a Dallas police officer has died escorting Hillary Clinton’s motorcade, it is time to revisit the Clinton Body Count.
The Death of Vince Foster (he was having an affair with hillary clinton): What Really Happened? Evidence is presented that the death of White House Deputy Counsel Vince Foster was not a suicide.

Ex-DEA Head Admits CIA Imported Cocaine

WAR CRIMINAL DUMBYA BUSH AT NEW WELL DESERVED LOW APPROVAL RATING OF 18% ACCORDING TO LATEST POLL.

Economist Tells CNN: A New Great Depression is Coming
CNN | Economist John Williams: “It’s going to be the worst business cycle since the Great Depression.”

Buffett: US Economy In Recession

Bernanke: “You are all Dead Ducks” Banks are battered by subprime liabilities, housing is in the tank, manufacturing is down, food and energy are up, unemployment rising… All that’s missing is a trumpet blast and the arrival of the Four Horseman.
Media Ignores Many Reasons for Foreclosures Loss of good jobs through ‘free’ trade is just one of many reasons at heart of foreclosure epidemic.
Paulson’s Wild Ride on the Hindenburg: “The worst has just begun” The next shoe to drop will be rising unemployment. Layoff notices have already gone out in new construction, retail, car manufacturing and financial services.

FT: America's economy is the mother of all meltdowns...

Fed Issues Gloomy Economic Forecast

Fed Forecasts Higher Unemployment, Slower Growth...

Institutional Money Continues to Flow Out of Stocks (at Seeking Alpha)

Credit Crisis Losses Will Put Black Monday in the Shade (at Seeking Alpha)

Smart Money Smells Bear Market (at Forbes.com)

The Bush Financial Bust of 2008: “It’s All Downhill From Here, Folks”

There’s going to be an unprecedented wave of bank closures in the US and that people who want to hold on to their life savings are going have to be extra vigilant as the situation continues to deteriorate
Bush Administration Hides More Data, Shuts Down Website Tracking U.S. Economic Indicators

Watch Out for The Depression Colpitts warns “stimulus package will do little to help the ailing U.S. real estate market and millions of American homeowners at the brink of foreclosure”

Economy lost 63000 jobs in February International Herald Tribune - By Michael M. Grynbaum The economy shed 63000 jobs in February, the government said Friday, the fastest falloff in five years and the strongest evidence yet that the nation is in a recession.
The Real Financial Numbers Behind the Lies Real unemployment right now -- figured the way that the average person thinks of unemployment, meaning figured the way it was estimated back during the Great Depression -- is running about 12%. Real CPI right now is running at about 8%. And the real GDP probably is in contraction.
Oil Gyrates, but Hits New Record
Goldman Sachs: Oil May Reach $200 a Barrel
Dollar Heads for 4th Weekly Drop Versus Euro as U.S. Sheds Jobs

Bush, Congress hit new low in AP poll

The White House wants a $1.4 billion stimulus/national security package…for Mexico

Ex-DEA Head Admits CIA Imported Cocaine

Many believe the truth that US already in a recession

21 COUNTRIES MORE STABLE, PROSPEROUS THAN U.S. Michael Evans Times Online March 25, 2008 The United Kingdom has been ranked as one of the most stable and prosperous countries in the world, beating the United States, France and even Switzerland in a global assessment of every nation’s achievements and standards.A one-year investigation and analysis of 235 countries and dependent territories has put the UK joint seventh in the premier league of nations. The top ten comprise also the Vatican, Sweden, Luxembourg, Monaco, Gibraltar, San Marino, Liechtenstein, the Netherlands and the Irish Republic.The US lies 22nd and Switzerland, normally associated with wealth and untouchable stability, is rated 17th, losing points in the assessment of its social achievements. The bottom ten, surprisingly, do not include Iraq. They are listed as Gaza and the West Bank, Somalia, Sudan, Afghanistan, Ivory Coast, Haiti, Zimbabwe, Chad, the Democratic Republic of Congo and the Central African Republic.

OBAMA RELATED TO PITT, CLINTON TO JOLIE

By DENISE LAVOIE, Associated Press Writer

BOSTON - This could make for one odd family reunion: Barack Obama is a distant cousin of actor Brad Pitt, and Hillary Rodham Clinton is related to Pitt's girlfriend, Angelina Jolie.

Researchers at the New England Historic Genealogical Society found some remarkable family connections for the three presidential candidates — Democratic rivals Obama and Clinton, and Republican John McCain.

Clinton, who is of French-Canadian descent on her mother's side, is also a distant cousin of singers Madonna, Celine Dion and Alanis Morissette. Obama, the son of a white woman from Kansas and a black man from Kenya, can call six U.S. presidents, including George W. Bush, his cousins. McCain is a sixth cousin of first lady Laura Bush.

"You'd think with all that singing talent in the family she'd be able to carry a tune," Clinton's senior adviser Philippe Reines said. "But now it makes much more sense how she snagged a Grammy."

Clinton won for best spoken word Grammy in 1997 for "It Takes a Village." Obama also won a Grammy in that category this year for the audio version of his book, "The Audacity Of Hope: Thoughts On Reclaiming The American Dream."

Genealogist Christopher Child said that while the candidates often focus on pointing out differences between them, their ancestry shows they are more alike than they think.

"It shows that lots of different people can be related, people you wouldn't necessarily expect," Child said.

Obama has a prolific presidential lineage that features Democrats and Republicans. His distant cousins include President George W. Bush and his father, George H.W. Bush, Gerald Ford, Lyndon Johnson, Harry S. Truman and James Madison. Other Obama cousins include Vice President Dick Cheney, British Prime Minister Sir Winston Churchill and Civil War General Robert E. Lee.

Obama often jokes about his cousin Cheney at campaign appearances.

"His kinships are across the political spectrum," Child said.

Child has spent the last three years tracing the candidates' genealogy, along with senior research scholar Gary Boyd Roberts, author of the 1989 book, "Ancestors of American Presidents."

Clinton's distant cousins include beatnik author Jack Kerouac and Camilla Parker-Bowles, wife of Prince Charles of England.

McCain's ancestry was more difficult to trace because records on his relatives were not as complete as records for the families of Obama and Clinton, Child said.

Obama and President Bush are 10th cousins, once removed, linked by Samuel Hinkley of Cape Cod, who died in 1662.

Pitt and Obama are ninth cousins, linked by Edwin Hickman, who died in Virginia in 1769. Ben LaBolt, a spokesman for the Obama campaign, declined to comment on the senator's ancestry.

Clinton and Jolie are ninth cousins, twice removed, both related to Jean Cusson who died in St. Sulpice, Quebec, in 1718.

The New England Historic Genealogical Society, founded in 1845, is the oldest and largest nonprofit genealogical organization in the country.

My God, no wonder this country is so f**ked up!

"Truth is so obscure in these times, and falsehood so established, that, unless we love
the truth, we cannot know it." ----- Blaise Pascal

Bobby Fischer, Genius of Chess, Dies at 64 New York Times - Heinz Ducklau/AP Boris Spassky and Mr. Fischer met at the XIX World Chess Olympiad in Siegen, Germany in 1970. More Photos > By BRUCE WEBER Bobby Fischer, the Chicago-born, Brooklyn-bred genius who became one of the greatest chess players the world has ever known. Chess legend Bobby Fischer dies in Iceland Reuters
The Great champion raised profile of chess Houston Chronicle

DOW DIVES AS CREDIT CONCERNS MOUNT

US economic troubles not over yet - Barron's

Retail in a state of "anarchy" as consumers retreat

Retailers seen closing stores, paring growth

US Nov machine tool demand off from Oct

Bank earnings to show mortgage woes are spreading to other loans

Price Increases Create Supermarket Shock for Consumers, Strong Returns for Commodities Investors

Read Between Bernanke's Lines: Things Are Going To Get Worse
Democrats: Iraqi troop buildup they backed and funded a failure

Alisbright: Along with clinton bush 'One of the Worst Presidencies' in History...

CITIGROUP, MERRILL LYNCH Seek More Foreign Capital... Bernanke says Fed ready for aggressive cut...
RESCUE: BANK OF AMERICA in Talks to Acquire COUNTRYWIDE... Countrywide CEO angelo mozzillo should be required to disgorge his $100 million + compensation of the past several inlated, fraudulent years.
AMERICAN EXPRESS to Take $440 Million Charge; cardholders failed to repay debts...
Gold Hits Another Record...

Congress members for incompetence/jobs poorly done get $4,000 pay raise

New Book documents literal take-over of caleefornia towns by mob groups (ie., mexican mafia, etc.), as is increasingly so in other parts of the country and as occurred in entire states, viz., ie., new york, new jersey, etc., with older, established, entrenched mob groupsconcomitant with american decline.

Two Media/Journalism Organizations document over 900 instances of lies by bush/bushies to promote war in Iraq which encompasses and constitutes war crimes.

Kucinich seeks NH Dem vote recount
Kucinich: Surprise Hillary Victory A "Mystery That Needs To Be Solved"
RECOUNT - IS DENNIS KUCINICH WALKING INTO A TRAP? BEV HARRIS OP ED NEWS
Friday January 11, 2008 The election integrity community is abuzz with news that candidate Dennis Kucinich will ask for a recount in New Hampshire, and Ron Paul fans have been pushing him to recount as well. Careful.
NEW HAMPSHIRE ELECTION INTEGRITY ADVOCATE NANCY TOBI IS CORRECT: "We have no control over the ballot chain of custody and we have learned the pain from the 2004 Nader recount, in which only 11 districts were counted, chosen by a highly questionable person, and then nothing showed up. Now all we hear is how the Nader recount validated the machines." As Tobi says, "A candidate asking for a recount may well be a tool used to 'prove' everything was okay and then that candidate will be further discredited." I'll go further than that. The only way a recount makes any sense at all in New Hampshire is AFTER an assessment is made of the chain of custody issues. If the chain of custody isn't intact the recount won't be worth a cup of warm spit…..

The answer is: YES.
The criminal clinton/bush team/operatives are seasoned professionals (criminals) with their lives, liberty (they should be in jail), and huge prospective amounts money at stake. They are relentless, ruthless, and not entirely stupid; just lacking true inspired talent/ability, and hence, america’s unequivocal decline in their rein. For the same reason that the machines are the touchstones for the vote fraud, the answer is unequivocally: YES.

It has been reported that bush is back on the sauce. 1-11-08

Forget oil, the 'new global crisis is food'

US INFLATED CREDIT RATING UNDER THREAT FROM SOARING WELFARE COSTS

Tokyo Stocks Fall Again - Fed Outlook Hurts Dollar

NCB Wisely, Rationally Seeks Review of Riyal Peg to Dollar

Gold Hits Record $900 an Ounce

Price Increases Create Supermarket Shock for Consumers (that’s why the fed excludes same from their meaningless and irrelevant core rate of inflation), Strong Returns for Commodities Investors

Gold hits record high near $900 on rate cut hopes

SPEEDY SIDNEY: Clinton Advisor Blumenthal Arrested for 'Aggravated DWI'...

Israeli Party Fearful of Peace Threatens to Quit Govt Daaaaah! Always an excuse. Who could have seen that coming…..riiiiight!
As with and to provide balance to the misguided Balfour Declaration, time to impose the resolution, two-state plan.

Editorial: Shifting Economic Axis

Jobless Rate Hits 5%; 2-Year High

Stocks Drop

Bush 9/11 Whitewash Commission: CIA Obstructed Investigation

Bush Tells Israel to Dismantle Outposts

Govt Expects 30% Rise in Food Prices

`Hillary Booed at NH Dem Party Dinner...`

`Edwards: The Clintons have no conscience...`

`Clinton Advisor Blumenthal Arrested for 'Aggravated DWI'...`

PAPER: bush-clinton-bush Dynasty Loses Grip on Dem Party

`CLINTON SUPPORTERS SUE TO DISRUPT NEVADA CAUCUS... ...`

Denying WHO Membership to Taiwan Is a Gross Injustice

Waterboarding would be torture to me: U.S. spy chief

Events That Do Not Bode Well for 2008

Israel’s Quiet War While Ehud Olmert and Abu Mazen were duplicitously wheeling and dealing at Annapolis, several Israeli government ministries and security agencies were deploying their combined resources in a massive war operation aimed at thwarting the peace process...

Israel Kills 9 in Gaza

CIA-ISI Created “Qaeda Network” Blamed for Pakistan Troubles

In Another One of Many Blunders (will the israelis sell same to ie., China as they did with missile/other/related technology, info, etc.) israel to have access to U.S. National Ballistic Missile Defense System

Israel to assassinate Haniya: Report

Israeli Airstrikes Leave 7 Dead in Gaza

Knesset Report Blasts Israeli Military Failure

Countdown: Mobman giuliani Making Millions From Data Mining Company

2007 deadliest for US troops in Iraq

Edwards Takes An Unequivocal Stand: All Troops Out In 10 Months...

SHOCK: ORGANS TO BE TAKEN WITHOUT CONSENT IN UK...

Olmert’s Latest Excuse to Thwart Peace Process: Continuing war criminal israeli murders/assinations/illegal ocupation While Disingenuously Pressing PA to Take Steps for Fighting Terror
Israel: Biggest Single Self-destructive Irony of Western History Perhaps the biggest single self-destructive irony of Western history is best understood by standing in the town square of Bethlehem, allowing one’s gaze to pass over the roof top of the church that covers the stable where Jesus was supposedly born, and let one’s eye drift into the blue sky beyond and thinking: How on earth could it be that the Christians, whose belief in the divine center around Jesus’ crucifixion carried out by Roman soldiers but done at the behest of the Jewish populace, could turn round nearly two millennia later and say to the Jews in effect: We buy the argument that you are God’s chosen people and this land is your land and we are going to turn it over to you as your “national home”, even though the Arabs or their forefathers have been living here since the Romans kicked the Jews out of Babylon after demolishing the Temple in AD 70. This is what British foreign secretary, Arthur Balfour, did in his famous Declaration, strongly backed by Prime Minister Lloyd George, a religious man who saw the Jewish cause as one that must be supported by Christian charity…..
US Must Re-Evaluate Its Self-destructive Relationship With Israel

EDITORIAL: REALISM IN WASHINGTON After countless unsuccessful efforts to push Iraqis toward various political, economic and security goals, Washington is now shifting gear and, in fact, going in reverse.….The Bush administration has recently arrived at this formula not out of humility but out of desperation due to the failure of its past efforts. It is beginning to understand that Iraq needs to find an Iraqi solution to an American-made problem.

PELOSI REBUKES CONGRESSMAN FOR INFLAMMATORY GODFATHER BUSH COMMENTS..LEAVE HER GODFATHER ALONE SAYS GUINEA PELOSI…..Pelosimafiosi Claims She Has No Power to End Occupation, Promises CNN She'll Never Go Against the Don Godfather bush, Is all talk/show, incompetent, and doesn’t know what she’s doing, but would never Impeach her godfather bush, but lies blaming the lack of votes to end occupation when the truth is that she herself has the constitutional power to prevent any bill funding the war from coming to the floor for vote. Yes there is a woman in the house (her words-yes, she's added gourmet foods to the congressional cafeteria), lest we need to be reminded that she has no balls, literally and figuratively.

N.Korea calls U.S. "criminals" days after Bush letter

This Year's Lack of Reason Beyond Greed, Blood-Lust is the war criminal bush/american Reason

Judicial Watch List of “Ten Most Wanted Corrupt Politicians” for 2007Judicial Watch | January 1, 2008
Washington, DC –Judicial Watch, the public interest group that investigates and prosecutes government corruption, today released its 2007 list of Washington’s “Ten Most Wanted Corrupt Politicians.” The list, in alphabetical order, includes:
1. Senator Hillary Rodham Clinton (D-NY): In addition to her long and sordid ethics record, Senator Hillary Clinton took a lot of heat in 2007 – and rightly so – for blocking the release her official White House records. Many suspect these records contain a treasure trove of information related to her role in a number of serious Clinton-era scandals. Moreover, in March 2007, Judicial Watch filed an ethics complaint against Senator Clinton for filing false financial disclosure forms with the U.S. Senate (again). And Hillary’s top campaign contributor, Norman Hsu, was exposed as a felon and a fugitive from justice in 2007. Hsu pleaded guilt to one count of grand theft for defrauding investors as part of a multi-million dollar Ponzi scheme.
2. Rep. John Conyers (D-MI): Conyers reportedly repeatedly violated the law and House ethics rules, forcing his staff to serve as his personal servants, babysitters, valets and campaign workers while on the government payroll. While the House Ethics Committee investigated these allegations in 2006, and substantiated a number of the accusations against Conyers, the committee blamed the staff and required additional administrative record-keeping and employee training. Judicial Watch obtained documentation in 2007 from a former Conyers staffer that sheds new light on the activities and conduct on the part of the Michigan congressman, which appear to be at a minimum inappropriate and likely unlawful. Judicial Watch called on the Attorney General in 2007 to investigate the matter.
3. Senator Larry Craig (R-ID): In one of the most shocking scandals of 2007, Senator Craig was caught by police attempting to solicit sex in a Minneapolis International Airport men’s bathroom during the summer. Senator Craig reportedly “sent signals” to a police officer in an adjacent stall that he wanted to engage in sexual activity. When the police officer showed Craig his police identification under the bathroom stall divider and pointed toward the exit, the senator reportedly exclaimed 'No!'” When asked to produce identification, Craig presented police his U.S. Senate business card and said, “What do you think of that?” The power play didn’t work. Craig was arrested, charged and entered a guilty plea. Despite enormous pressure from his Republican colleagues to resign from the Senate, Craig refused.
4. Senator Diane Feinstein (D-CA): As a member of the Senate Appropriations Committee's subcommittee on military construction, Feinstein reviewed military construction government contracts, some of which were ultimately awarded to URS Corporation and Perini, companies then owned by Feinstein's husband, Richard Blum. While the Pentagon ultimately awards military contracts, there is a reason for the review process. The Senate's subcommittee on Military Construction's approval carries weight. Sen. Feinstein, therefore, likely had influence over the decision making process. Senator Feinstein also attempted to undermine ethics reform in 2007, arguing in favor of a perk that allows members of Congress to book multiple airline flights and then cancel them without financial penalty. Judicial Watch’s investigation into this matter is ongoing.
5. Former New York Mayor Rudy Giuliani (R-NY): Giuliani came under fire in late 2007 after it was discovered the former New York mayor’s office “billed obscure city agencies for tens of thousands of dollars in security expenses amassed during the time when he was beginning an extramarital relationship with future wife Judith Nathan in the Hamptons…” ABC News also reported that Giuliani provided Nathan with a police vehicle and a city driver at taxpayer expense. All of this news came on the heels of the federal indictment on corruption charges of Giuliani’s former Police Chief and business partner Bernard Kerik, who pleaded guilty in 2006 to accepting a $165,000 bribe in the form of renovations to his Bronx apartment from a construction company attempting to land city contracts.
6. Governor Mike Huckabee (R-AR): Governor Huckabee enjoyed a meteoric rise in the polls in December 2007, which prompted a more thorough review of his ethics record. According to The Associated Press: “[Huckabee’s] career has also been colored by 14 ethics complaints and a volley of questions about his integrity, ranging from his management of campaign cash to his use of a nonprofit organization to subsidize his income to his destruction of state computer files on his way out of the governor’s office.” And what was Governor Huckabee’s response to these ethics allegations? Rather than cooperating with investigators, Huckabee sued the state ethics commission twice and attempted to shut the ethics process down.
7. I. Lewis “Scooter” Libby: Libby, former Chief of Staff to Vice President Dick Cheney, was sentenced to 30 months in prison and fined $250,000 for lying and obstructing the Valerie Plame CIA leak investigation. Libby was found guilty of four felonies -- two counts of perjury, one count of making false statements to the FBI and one count of obstructing justice – all serious crimes. Unfortunately, Libby was largely let off the hook. In an appalling lack of judgment, President Bush issued “Executive Clemency” to Libby and commuted the sentence.
8. Senator Barack Obama (D-IL): A “Dishonorable Mention” last year, Senator Obama moves onto the “ten most wanted” list in 2007. In 2006, it was discovered that Obama was involved in a suspicious real estate deal with an indicted political fundraiser, Antoin “Tony” Rezko. In 2007, more reports surfaced of deeper and suspicious business and political connections It was reported that just two months after he joined the Senate, Obama purchased $50,000 worth of stock in speculative companies whose major investors were his biggest campaign contributors. One of the companies was a biotech concern that benefited from legislation Obama pushed just two weeks after the senator purchased $5,000 of the company’s shares. Obama was also nabbed conducting campaign business in his Senate office, a violation of federal law.
9. Rep. Nancy Pelosi (D-CA): House Speaker Nancy Pelosi, who promised a new era of ethics enforcement in the House of Representatives, snuck a $25 million gift to her husband, Paul Pelosi, in a $15 billion Water Resources Development Act recently passed by Congress. The pet project involved renovating ports in Speaker Pelosi's home base of San Francisco. Pelosi just happens to own apartment buildings near the areas targeted for improvement, and will almost certainly experience a significant boost in property value as a result of Pelosi's earmark. Earlier in the year, Pelosi found herself in hot water for demanding access to a luxury Air Force jet to ferry the Speaker and her entourage back and forth from San Francisco non-stop, in unprecedented request which was wisely rejected by the Pentagon. And under Pelosi’s leadership, the House ethics process remains essentially shut down – which protects members in both parties from accountability.
10. Senator Harry Reid (D-NV): Over the last few years, Reid has been embroiled in a series of scandals that cast serious doubt on his credibility as a self-professed champion of government ethics, and 2007 was no different. According to The Los Angeles Times, over the last four years, Reid has used his influence in Washington to help a developer, Havey Whittemore, clear obstacles for a profitable real estate deal. As the project advanced, the Times reported, “Reid received tens of thousands of dollars in campaign contributions from Whittemore.” Whittemore also hired one of Reid’s sons (Leif) as his personal lawyer and then promptly handed the junior Reid the responsibility of negotiating the real estate deal with federal officials. Leif Reid even called his father’s office to talk about how to obtain the proper EPA permits, a clear conflict of interest.
Judicial Watch is a 501(c)(3) non-profit organization. Judicial Watch neither supports nor opposes candidates for public office. For more information, visit www.judicialwatch.org.

Peres: Iran war not necessary

Pakistan Readies Bhutto Funeral; Democracy Imperiled...
Red alert...
CHAOS: Police tear gas protesters...

Census: A new migrant every 30 seconds...

Every One of Them Has Martyrs in Family

How US policy makers unknowingly harm the USA
two questions become important here: 1. Why would US policy makers knowingly mislead or misstate facts to the American public. 2. And if it is true that they are misleading the public, then is this good or not.
Regional-USA, Analysis, 12/11/2007

Israeli Raid Leaves Seven More Dead

Editorial: Plunder by the criminal americans of Iraqi of Heritage

Israel assassinate several Palestinians
They added that Husam Abu Habel, Mohammed al-Trmasi, Usama Yassin and Sameer Baker were killed on the spot as they were performing dawn prayers in al-Tawaba mosque in Jabalya town and their bodies reached Kamal Edwan hospital as scattered into pieces. While five citizens were wounded, one is seriously.
Palestine-Israel, Politics, 12/18/2007
Quarter of Israeli troops in West Bank witness to abuse: report - Yahoo
Palestine-Israel, Politics, 12/18/2007
Mideast Teams Begin Peace Talks - NY Times
Palestine-Israel, Politics, 12/18/2007
No Plans for Pope to Visit Israel - Yahoo
Palestine-Israel-Vatican, Politics, 12/18/2007
Aiming to Translate Politics Into Hope for Palestinians - NY Times
Palestine, Politics, 12/18/2007
Sealed Off by Israel, Gaza Reduced to Beggary - Washington Post
Palestine-Israel, Politics, 12/18/2007
US: Iran has stopped nuclear weapons development
The National Intelligence Council has made public the summary of a report on Iran's intentions regarding nuclear weapons. The report released early this month states that Iran had stopped work on design for nuclear weapons since several years.
Iran-UN, Politics, 12/11/2007

European Union recognizes Iran's right to nuclear energy
Leader's representative to the Supreme National Security Council Ali Larijani said Monday that he was totally against Iran leaving NPT. "I am totally against the country leaving NPT and believe that if the treaty is well implemented it will be in favor of global peace," said Larijani at a press conference on Monday.
Iran-UN, Politics, 12/11/2007

Egyptian support to Iran's nuclear rights
Head of Egypt's interest section in Tehran, Iran, Amr al-Ziat on Sunday submitted to Deputy Foreign Minister for Arab-African Affairs Reza Baqeri a written message from Egyptian Foreign Minister Ahmed Abul Gheit for his Iranian counterpart Manouchehr Mottaki.
Egypt-Iran, Politics, 12/11/2007

7 killed, 70 arrested in Israeli attack on Khan Younis
The death toll today mounted to seven Palestinians in the ongoing Israeli offensive in the Gaza Strip city of Khan Younis. Medical sources said.
Palestine-Israel, Military, 12/11/2007

Abbas: Israel wants to thwart talks before they start
Spokesman of Palestinian Presidency Nabil Abu Rdeieneh, today accused Israel of trying to thwart final status talks due to kick off Wednesday by launching offensive against the Gaza Strip.
Palestine-Israel, Politics, 12/11/2007

Turkey condemns Israeli settlement expansion
"News of the planned new settlements in east Jerusalem has shocked the world because it is a very blatant violation of the decisions made at the Middle East Peace Conference in Annapolis last month," Gul told reporters in Ankara at a press conference with Jordan's King Abdullah.
Israel-Turkey, Politics, 12/11/2007

Larijani: US proposed missile shield aims to take gulf states' wealth
The Iranian Supreme Leader's representative to the Supreme National Security Council Ali Larijani said yesterday that the US has raised the idea of setting up a missile shield in the Persian Gulf in order to plunder the Arab Gulf states' wealth.
Regional-Iran-USA, Politics, 12/11/2007

US criticises Israeli homes plan
Palestine-Israel-USA, Politics, 12/11/2007

Israel Settlement Move Against Annapolis: Saud

Israeli Operation Kills Six in Gaza

Alexander Tytler: "The average age of the world's greatest civilizations has been two hundred years JonesReport.com | 12-4-07
"The average age of the world's greatest civilizations has been two
hundred years. These nations have progressed through this sequence: from
bondage to spiritual faith; from spiritual faith to great courage; from
courage to liberty; from liberty to abundance; from abundance to
selfishness; from selfishness to complacency; from complacency to
apathy; from apathy to dependence; from dependency back again into
bondage."-- Alexander Tytler

Andrew Jackson: "There are no necessary evils in government. Its evils exist only in its abuses."

Victim: Gang-Rape Cover-Up by U.S., Halliburton/KBR

Poland does not need U.S. missile defense base - ex-PM

NASA 'on target for return to the moon for the first time by 2020'…..riiiiight!.....UFOetry: We (U.S.) Never Went To The Moon - The Award-Winning Documentary/Music/Video by John Lee
'The Mother of All Frauds'

Reuters House prices seen falling 30 pct 12- 6-07 By Julie Haviv NEW YORK (Reuters) - Housing markets from Punta Gorda, Florida, to Stockton, California, will crash and suffer price drops of more than 30 percent before the housing crisis is over, a report from Moody's Economy.com said on Thursday. On a national level, the housing market recession will continue through early 2009, said the report, co-authored by Mark Zandi, chief economist, and Celia Chen, director of housing economics. The report paints a worsening picture of the hard-hit housing sector, which is in the midst of its worst downturn since World War II. While activity will stabilize in 2009, it will not be until 2010 before a measurable improvement in sales, construction and pricing will emerge, the report said…..

(12-10-07) The market started the week on a bulls**tish note, aided by a financial sector that rallied again on the back of news about capital infusions (good money after bad) despite write-downs/losses in the financial sector, ie., UBS, MBIA, etc.. Another fake report from the gov’t also helped the fraud. Already sugar coated fake data/news/reports have been as bad as could be and far worse than expected by the fed leading to new bull s**t fraud-facilitating talking point, viz., interest rate cut expectations despite worthless dollar and much higher than reported inflation, one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.), dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallied oil stocks (suuuuure) (11-30-07), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., all to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Very Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

UK PRIME MINISTER TELLS TROOPS: WAR IS OVER

State Dept.'s chief watchdog resigns Los Angeles Times - Krongard, the inspector general accused of thwarting Blackwater inquiries resigns to keep the cover-ups rolling.

Editorial: Obstruction of Justice at CIA At Odds

More Evidence of Obstruction of Justice in 9/11 Investigation

Poll: Nearly half of Hudson residents blame feds for 9/11

Secret DoJ Legal Memos: War criminal and moron dumbya bush Determines What Is Constitutional

Cartel Heads Greenspan and Welch Confronted Over Grossly Concentrated Power

Judith Giuliani had police protection before affair was public

PAPER: Huckabee issued more commutations, pardons than all six neighboring states combined

CIA admits destroying interrogation tapes

US Questions Jewish Settlement Move

(12-07-07) Awe shucks say frauds on wall street; if only the fake gov’t report on jobs came in at 93,998 thousand jobs created instead of way beyond economist estimates, 94,000, a half instead of quarter point interest rate reduction would have been assured, consumer confidence down, as so called (drop in the bucket/b.s. talking point) ‘plan’ appears only to look at other than the root/fraud and the source of recompense through prosecutions/disgorgement with the people now ‘holding the bag’ via pension, 401K plans, etc., one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.)

Alexander Tytler: "The average age of the world's greatest civilizations has been two hundred years JonesReport.com | 12-4-07
"The average age of the world's greatest civilizations has been two
hundred years. These nations have progressed through this sequence: from bondage to spiritual faith; from spiritual faith to great courage; from
courage to liberty; from liberty to abundance; from abundance to
selfishness; from selfishness to complacency; from complacency to
apathy; from apathy to dependence; from dependency back again into
bondage."-- Alexander Tytler

Paul Craig Roberts On America's Declining Superpower Status

Bush Administration Credibility Suffers After Iran NIE Report

House prices seen falling 30 pct

Reuters House prices seen falling 30 pct 12- 6-07 By Julie Haviv NEW YORK (Reuters) - Housing markets from Punta Gorda, Florida, to Stockton, California, will crash and suffer price drops of more than 30 percent before the housing crisis is over, a report from Moody's Economy.com said on Thursday. On a national level, the housing market recession will continue through early 2009, said the report, co-authored by Mark Zandi, chief economist, and Celia Chen, director of housing economics. The report paints a worsening picture of the hard-hit housing sector, which is in the midst of its worst downturn since World War II. While activity will stabilize in 2009, it will not be until 2010 before a measurable improvement in sales, construction and pricing will emerge, the report said…..

(12-06-07) Lower dollar, higher oil prices rally stocks as so called (drop in the bucket/b.s. talking point) ‘plan’ appears only to look at other than the root/fraud and the source of recompense through prosecutions/disgorgement with the people now ‘holding the bag’ via pension, 401K plans, etc.. They’re dreamin’! (12-05-07) Despite economists expectations of 60,000 new jobs, ADP, a jersey based company not unfamiliar to the fraud/crime of placing fake/non-existent employees on payrolls to facilitate (illegal/drug) money laundering plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure in excess of 3 times said amount (189,000), all othe news negative, dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallies oil stocks (suuuuure), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., but newest bull s**t talking points, viz., ie., economists expectations of 60,000 new jobs topped by 3 times with false data from ADP, expectations of interest rate cut, $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem) and bull s**t alone, sparks lunatics’/suckers’ bear market rally/dead dog bounce into the close (11-30-07) Already sugar coated fake data/news/reports as bad as could be and far worse than expected by the fed leading to new bull s**t fraud-facilitating talking point, viz., interest rate cut expectations despite worthless dollar and much higher than reported inflation, one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.), dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallies oil stocks (suuuuure) (11-30-07), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., but newest bull s**t talking point, viz., $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem) and bull s**t alone, sparks lunatics’/suckers’ bear market rally/dead dog bounce into the close (11-29-07) to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Very Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

CNN: Seymour Hersh 'vindicated' by new Iran intel estimate

Two-thirds of Israelis oppose attack on Iran: poll

Bush told in Aug Iran may have halted nuclear program

Iran is not 'imminent threat': UN nuclear watchdog

SEASON'S BEATINGS from drudgereport.com:

Thugs Bash Boy Scouts With Shotgun to Steal Christmas Tree Money...

Woman viciously attacked by 9 students on Baltimore bus...

Boston Firefighter Stabbed: 'Don't want any gringo here'...

And murders: Nine dead in Nebraska mall shooting

Don’t forget: Criminal america has the highest crime rates in the world. No other so-called ‘civilized’ nation even comes close.

Mob boss swallowed secrets before dying like a dog at the hands of Italian Police.....

"The average age of the world's greatest civilizations has been two hundred years... from bondage to spiritual faith; to liberty; to abundance to selfishness; from selfishness to complacency and back again into bondage"

Sen. Webb: Bush using 'fear tactics' for more war funding

Dem rivals assail Clinton on More of the Same bucsham Iran vote

House prices 'will plummet by 10pc over the next year', says banking chief economist

Credit and economic woes sink Wall Street

National debt grows $1 million a minute

Americans enslaved – It’s mathematically impossible to repay all debt.

House Dems Schedule: Five-Day Work Week Only Three Times in '08...

National Debt Grows $1 Million a Minute...

Report contradicts Bush on Iran nuclear program

U.S. soldiers shoot 4 Iraqi civilians, one killed

US Military Deaths in Iraq at 3882

New report ranks US teens 29th in science worldwide Christian Science Monitor - By Amanda Paulson | Staff writer of The Christian Science Monitor Chicago - The United States lags behind most other developed countries when it comes to science education.
UK plummets in world rankings for maths and reading Guardian Unlimited
Reading and maths standards falling in Britain, says OECD Independent

Editorial: Bomb That Was Not

Abdallah Calls on Israel to Quit Arab Lands

(12-05-07) Despite economists expectations of 60,000 new jobs, ADP, a jersey based company not unfamiliar to the fraud/crime of placing fake/non-existent employees on payrolls to facilitate (illegal/drug) money laundering plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure in excess of 3 times said amount (189,000), all of the news negative, dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallies oil stocks (suuuuure), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., but newest bull s**t talking points, viz., ie., economists expectations of 60,000 new jobs topped by 3 times with false data from ADP, expectations of interest rate cut, $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem) and bull s**t alone, sparks lunatics’/suckers’ bear market rally/dead dog bounce into the close (11-30-07) Already sugar coated fake data/news/reports as bad as could be and far worse than expected by the fed leading to new bull s**t fraud-facilitating talking point, viz., interest rate cut expectations despite worthless dollar and much higher than reported inflation, one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.), dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallies oil stocks (suuuuure) (11-30-07), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., but newest bull s**t talking point, viz., $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem) and bull s**t alone, sparks lunatics’/suckers’ bear market rally/dead dog bounce into the close (11-29-07) to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Very Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(12-04-07) Earnings Recession Has Arrived U.S. corporate profits are in a recession, and the entire economy can not be far behind. Slower sales and higher energy and labor costs are forcing companies from Bear Stearns Cos. to Pitney Bowes Inc. to reduce spending and hiring. Their efforts to keep earnings from eroding even further raise the risk that the economy, already weakened by the steepest housing slide since 1991, may shrink sometime next year. ‘The earnings recession has already arrived, says David Rosenberg, North America economist for Merrill Lynch & Co. in New York. We are going to see an economic recession in '08.…..’

National debt grows $1 million a minute

Americans enslaved – It’s mathematically impossible to repay all debt.

Young Chimp Beats College Students... NEW YORK (AP) - Think you're smarter than a fifth-grader? How about a 5-year-old chimp? Japanese researchers pitted young chimps against human adults in tests of short-term memory, and overall, the chimps won…..

Fleischer Contradicts Rove: We ‘Determined The Timing,’ Karl ‘Just Has His Facts Wrong’ On Iraq War and his false assertions are Outlandish/Preposterous on their face though Democrats are also complicit/culpable facilitators/pro-israel/israel lobby shills like the neo-con republican war mongers, who must be held accountable for the debacle in Iraq

National Debt Grows $1 Million a Minute...

Dear Deluded Mass Media, North American Union Agenda Exists

Report contradicts Bush on Iran nuclear program

USATODAYGALLUP Poll: Significant drops in support for Clinton & Giuliani...

Abdallah Calls on Israel to Quit Arab Lands

Ron Paul on the House of Cards

Israeli Airstrike in Gaza Kills 6 Palestinians-so much for war criminal israels fake peace talks probably done for u.s. money the u.s. doesn’t have…..s

CIA Used Jordan to Detain Suspects

Iowa Christian Alliance President: 'Bloodbath At Polls' If Rudy Nominated...

CHANGE confronts John Ashcroft on Sibel Edmonds Gagging, Torture Semantics

PAPER: Dems knew about waterboarding in 2002...

Report: Rudy has business ties to 9/11 facilitator

House prices fall at the fastest rate in 12 years fuelling fears of property crash

IMF warns of 'perfect storm' that could drag The West into recession

AMF Chief Rationally Urges GCC States to Drop Tumbling Worthless Dollar Peg

CAN SHE BEAT THEM? New poll shows Clinton trails top '08 Republicans...

Giuliani billed obscure agencies for trips

Clinton I haven't considered possibility of losing Dem nomination

NYC Fire Chief: Giuliani 'Not a Hero' 'He Ran That Day'

Hillary Takes Cash From Recipients of Husband's Controversial Pardons
“While Bill Clinton was in Ireland to Fundraise for Hillary and the continuation of the Bush/Clinton dynasty, We Are Change Ireland tried to confront him,” a blurb on YouTube explains. “Clinton didn’t get out of his vehicle and walk down the ‘runway’… but he got the message loud and clear that everybody is waking up to the New World Order jig.”

Novak: Hillary's Nixonian Tactics Against Obama...

Giuliani shows abortion danger for Republicans

Former Governor Tries to Gloss Over Ark. Record...

'Taxes funded Rudy Giuliani love trysts'

Hillary plants question in Republican debate Corruption

ABC: Giuliani's Mistress Used Police as Taxi Service...

Wells Fargo to take $1.4 billion charge for bad loans

House prices fall at the fastest rate in 12 years fuelling fears of property crash

IMF warns of 'perfect storm' that could drag The West into recession

CAN SHE BEAT THEM? New poll shows Clinton trails top '08 Republicans...

Impeach George Bush and Dick Cheney

Congress should impeach President Bush and Vice President Cheney for the following reasons:

1) The Offense of Lying and Inducing America to Support a War

President Bush and Vice President Cheney intentionally misled the Congress and the American people regarding the threat from Iraq in order to justify a war against Iraq, and intentionally conspired with others to defraud the United States in connection with the war against Iraq in violation of Title 18 United States Code, Section 371.

2) The Offense of Reckless Indifference to the Lives and Welfare of American Troops

President Bush and Vice President Cheney failed to provide US soldiers with bulletproof vests or appropriately-armored vehicles and had no serious plan for the aftermath of the war, thus demonstrating a complete disregard for the welfare of the troops and the need for proper governance of a country after occupation. The result has been a never-ending war that will cost U.S. taxpayers over $1 trillion with over 3,000 U.S. soldiers killed and over 21,000 wounded.

3) The Offense of Torture in Violation of U.S. Laws and Treaties

President Bush and Vice President Cheney conspired to commit the torture of prisoners in violation of the "Federal Torture Act," Title 18 United States Code, Section 113C, the UN Torture Convention and the Geneva Convention.

4) The Offense of Wiretapping Surveillance in Defiance of the Law

President Bush and Vice President Cheney admitted to ordering the National Security Agency to conduct electronic surveillance of American civilians without seeking warrants from the Foreign Intelligence Surveillance Court of Review, duly constituted by Congress in 1978, in violation of Title 50 United States Code, Section 1805.

Fascist America, in 10 easy steps

From Hitler to Pinochet and beyond, history shows there are certain steps that any would-be dictator must take to destroy constitutional freedoms. And, argues Naomi Wolf, George Bush and his administration have taken them all Naomi Wolf

Last autumn, there was a military coup in Thailand. The leaders of the coup took a number of steps, rather systematically, as if they had a shopping list. In a sense, they did. Within a matter of days, democracy had been closed down: the coup leaders declared martial law, sent armed soldiers into residential areas, took over radio and TV stations, issued restrictions on the press, tightened some limits on travel, and took certain activists into custody.

They were not figuring these things out as they went along. If you look at history, you can see that there is essentially a blueprint for turning an open society into a dictatorship. That blueprint has been used again and again in more and less bloody, more and less terrifying ways. But it is always effective. It is very difficult and arduous to create and sustain a democracy - but history shows that closing one down is much simpler. You simply have to be willing to take the 10 steps.

As difficult as this is to contemplate, it is clear, if you are willing to look, that each of these 10 steps has already been initiated today in the United States by the Bush administration.

Because Americans like me were born in freedom, we have a hard time even considering that it is possible for us to become as unfree - domestically - as many other nations. Because we no longer learn much about our rights or our system of government - the task of being aware of the constitution has been outsourced from citizens' ownership to being the domain of professionals such as lawyers and professors - we scarcely recognise the checks and balances that the founders put in place, even as they are being systematically dismantled. Because we don't learn much about European history, the setting up of a department of "homeland" security - remember who else was keen on the word "homeland" - didn't raise the alarm bells it might have.

It is my argument that, beneath our very noses, George Bush and his administration are using time-tested tactics to close down an open society. It is time for us to be willing to think the unthinkable - as the author and political journalist Joe Conason, has put it, that it can happen here. And that we are further along than we realise.

Conason eloquently warned of the danger of American authoritarianism. I am arguing that we need also to look at the lessons of European and other kinds of fascism to understand the potential seriousness of the events we see unfolding in the US.

1. Invoke a terrifying internal and external enemy

After we were hit on September 11 2001, we were in a state of national shock. Less than six weeks later, on October 26 2001, the USA Patriot Act was passed by a Congress that had little chance to debate it; many said that they scarcely had time to read it. We were told we were now on a "war footing"; we were in a "global war" against a "global caliphate" intending to "wipe out civilisation". There have been other times of crisis in which the US accepted limits on civil liberties, such as during the civil war, when Lincoln declared martial law, and the second world war, when thousands of Japanese-American citizens were interned. But this situation, as Bruce Fein of the American Freedom Agenda notes, is unprecedented: all our other wars had an endpoint, so the pendulum was able to swing back toward freedom; this war is defined as open-ended in time and without national boundaries in space - the globe itself is the battlefield. "This time," Fein says, "there will be no defined end."

Creating a terrifying threat - hydra-like, secretive, evil - is an old trick. It can, like Hitler's invocation of a communist threat to the nation's security, be based on actual events (one Wisconsin academic has faced calls for his dismissal because he noted, among other things, that the alleged communist arson, the Reichstag fire of February 1933, was swiftly followed in Nazi Germany by passage of the Enabling Act, which replaced constitutional law with an open-ended state of emergency). Or the terrifying threat can be based, like the National Socialist evocation of the "global conspiracy of world Jewry", on myth.

It is not that global Islamist terrorism is not a severe danger; of course it is. I am arguing rather that the language used to convey the nature of the threat is different in a country such as Spain - which has also suffered violent terrorist attacks - than it is in America. Spanish citizens know that they face a grave security threat; what we as American citizens believe is that we are potentially threatened with the end of civilisation as we know it. Of course, this makes us more willing to accept restrictions on our freedoms.

2. Create a gulag

Once you have got everyone scared, the next step is to create a prison system outside the rule of law (as Bush put it, he wanted the American detention centre at Guantánamo Bay to be situated in legal "outer space") - where torture takes place.

At first, the people who are sent there are seen by citizens as outsiders: troublemakers, spies, "enemies of the people" or "criminals". Initially, citizens tend to support the secret prison system; it makes them feel safer and they do not identify with the prisoners. But soon enough, civil society leaders - opposition members, labour activists, clergy and journalists - are arrested and sent there as well.

This process took place in fascist shifts or anti-democracy crackdowns ranging from Italy and Germany in the 1920s and 1930s to the Latin American coups of the 1970s and beyond. It is standard practice for closing down an open society or crushing a pro-democracy uprising.

With its jails in Iraq and Afghanistan, and, of course, Guantánamo in Cuba, where detainees are abused, and kept indefinitely without trial and without access to the due process of the law, America certainly has its gulag now. Bush and his allies in Congress recently announced they would issue no information about the secret CIA "black site" prisons throughout the world, which are used to incarcerate people who have been seized off the street.

Gulags in history tend to metastasise, becoming ever larger and more secretive, ever more deadly and formalised. We know from first-hand accounts, photographs, videos and government documents that people, innocent and guilty, have been tortured in the US-run prisons we are aware of and those we can't investigate adequately.

But Americans still assume this system and detainee abuses involve only scary brown people with whom they don't generally identify. It was brave of the conservative pundit William Safire to quote the anti-Nazi pastor Martin Niemöller, who had been seized as a political prisoner: "First they came for the Jews." Most Americans don't understand yet that the destruction of the rule of law at Guantánamo set a dangerous precedent for them, too.

By the way, the establishment of military tribunals that deny prisoners due process tends to come early on in a fascist shift. Mussolini and Stalin set up such tribunals. On April 24 1934, the Nazis, too, set up the People's Court, which also bypassed the judicial system: prisoners were held indefinitely, often in isolation, and tortured, without being charged with offences, and were subjected to show trials. Eventually, the Special Courts became a parallel system that put pressure on the regular courts to abandon the rule of law in favour of Nazi ideology when making decisions.

3. Develop a thug caste

When leaders who seek what I call a "fascist shift" want to close down an open society, they send paramilitary groups of scary young men out to terrorise citizens. The Blackshirts roamed the Italian countryside beating up communists; the Brownshirts staged violent rallies throughout Germany. This paramilitary force is especially important in a democracy: you need citizens to fear thug violence and so you need thugs who are free from prosecution.

The years following 9/11 have proved a bonanza for America's security contractors, with the Bush administration outsourcing areas of work that traditionally fell to the US military. In the process, contracts worth hundreds of millions of dollars have been issued for security work by mercenaries at home and abroad. In Iraq, some of these contract operatives have been accused of involvement in torturing prisoners, harassing journalists and firing on Iraqi civilians. Under Order 17, issued to regulate contractors in Iraq by the one-time US administrator in Baghdad, Paul Bremer, these contractors are immune from prosecution

Yes, but that is in Iraq, you could argue; however, after Hurricane Katrina, the Department of Homeland Security hired and deployed hundreds of armed private security guards in New Orleans. The investigative journalist Jeremy Scahill interviewed one unnamed guard who reported having fired on unarmed civilians in the city. It was a natural disaster that underlay that episode - but the administration's endless war on terror means ongoing scope for what are in effect privately contracted armies to take on crisis and emergency management at home in US cities.

Thugs in America? Groups of angry young Republican men, dressed in identical shirts and trousers, menaced poll workers counting the votes in Florida in 2000. If you are reading history, you can imagine that there can be a need for "public order" on the next election day. Say there are protests, or a threat, on the day of an election; history would not rule out the presence of a private security firm at a polling station "to restore public order".

4. Set up an internal surveillance system

In Mussolini's Italy, in Nazi Germany, in communist East Germany, in communist China - in every closed society - secret police spy on ordinary people and encourage neighbours to spy on neighbours. The Stasi needed to keep only a minority of East Germans under surveillance to convince a majority that they themselves were being watched.

In 2005 and 2006, when James Risen and Eric Lichtblau wrote in the New York Times about a secret state programme to wiretap citizens' phones, read their emails and follow international financial transactions, it became clear to ordinary Americans that they, too, could be under state scrutiny.

In closed societies, this surveillance is cast as being about "national security"; the true function is to keep citizens docile and inhibit their activism and dissent.

5. Harass citizens' groups

The fifth thing you do is related to step four - you infiltrate and harass citizens' groups. It can be trivial: a church in Pasadena, whose minister preached that Jesus was in favour of peace, found itself being investigated by the Internal Revenue Service, while churches that got Republicans out to vote, which is equally illegal under US tax law, have been left alone.

Other harassment is more serious: the American Civil Liberties Union reports that thousands of ordinary American anti-war, environmental and other groups have been infiltrated by agents: a secret Pentagon database includes more than four dozen peaceful anti-war meetings, rallies or marches by American citizens in its category of 1,500 "suspicious incidents". The equally secret Counterintelligence Field Activity (Cifa) agency of the Department of Defense has been gathering information about domestic organisations engaged in peaceful political activities: Cifa is supposed to track "potential terrorist threats" as it watches ordinary US citizen activists. A little-noticed new law has redefined activism such as animal rights protests as "terrorism". So the definition of "terrorist" slowly expands to include the opposition.

6. Engage in arbitrary detention and release

This scares people. It is a kind of cat-and-mouse game. Nicholas D Kristof and Sheryl WuDunn, the investigative reporters who wrote China Wakes: the Struggle for the Soul of a Rising Power, describe pro-democracy activists in China, such as Wei Jingsheng, being arrested and released many times. In a closing or closed society there is a "list" of dissidents and opposition leaders: you are targeted in this way once you are on the list, and it is hard to get off the list.

In 2004, America's Transportation Security Administration confirmed that it had a list of passengers who were targeted for security searches or worse if they tried to fly. People who have found themselves on the list? Two middle-aged women peace activists in San Francisco; liberal Senator Edward Kennedy; a member of Venezuela's government - after Venezuela's president had criticised Bush; and thousands of ordinary US citizens.

Professor Walter F Murphy is emeritus of Princeton University; he is one of the foremost constitutional scholars in the nation and author of the classic Constitutional Democracy. Murphy is also a decorated former marine, and he is not even especially politically liberal. But on March 1 this year, he was denied a boarding pass at Newark, "because I was on the Terrorist Watch list".

"Have you been in any peace marches? We ban a lot of people from flying because of that," asked the airline employee.

"I explained," said Murphy, "that I had not so marched but had, in September 2006, given a lecture at Princeton, televised and put on the web, highly critical of George Bush for his many violations of the constitution."

"That'll do it," the man said.

Anti-war marcher? Potential terrorist. Support the constitution? Potential terrorist. History shows that the categories of "enemy of the people" tend to expand ever deeper into civil life.

James Yee, a US citizen, was the Muslim chaplain at Guantánamo who was accused of mishandling classified documents. He was harassed by the US military before the charges against him were dropped. Yee has been detained and released several times. He is still of interest.

Brandon Mayfield, a US citizen and lawyer in Oregon, was mistakenly identified as a possible terrorist. His house was secretly broken into and his computer seized. Though he is innocent of the accusation against him, he is still on the list.

It is a standard practice of fascist societies that once you are on the list, you can't get off.

7. Target key individuals

Threaten civil servants, artists and academics with job loss if they don't toe the line. Mussolini went after the rectors of state universities who did not conform to the fascist line; so did Joseph Goebbels, who purged academics who were not pro-Nazi; so did Chile's Augusto Pinochet; so does the Chinese communist Politburo in punishing pro-democracy students and professors.

Academe is a tinderbox of activism, so those seeking a fascist shift punish academics and students with professional loss if they do not "coordinate", in Goebbels' term, ideologically. Since civil servants are the sector of society most vulnerable to being fired by a given regime, they are also a group that fascists typically "coordinate" early on: the Reich Law for the Re-establishment of a Professional Civil Service was passed on April 7 1933.

Bush supporters in state legislatures in several states put pressure on regents at state universities to penalise or fire academics who have been critical of the administration. As for civil servants, the Bush administration has derailed the career of one military lawyer who spoke up for fair trials for detainees, while an administration official publicly intimidated the law firms that represent detainees pro bono by threatening to call for their major corporate clients to boycott them.

Elsewhere, a CIA contract worker who said in a closed blog that "waterboarding is torture" was stripped of the security clearance she needed in order to do her job.

Most recently, the administration purged eight US attorneys for what looks like insufficient political loyalty. When Goebbels purged the civil service in April 1933, attorneys were "coordinated" too, a step that eased the way of the increasingly brutal laws to follow.

8. Control the press

Italy in the 1920s, Germany in the 30s, East Germany in the 50s, Czechoslovakia in the 60s, the Latin American dictatorships in the 70s, China in the 80s and 90s - all dictatorships and would-be dictators target newspapers and journalists. They threaten and harass them in more open societies that they are seeking to close, and they arrest them and worse in societies that have been closed already.

The Committee to Protect Journalists says arrests of US journalists are at an all-time high: Josh Wolf (no relation), a blogger in San Francisco, has been put in jail for a year for refusing to turn over video of an anti-war demonstration; Homeland Security brought a criminal complaint against reporter Greg Palast, claiming he threatened "critical infrastructure" when he and a TV producer were filming victims of Hurricane Katrina in Louisiana. Palast had written a bestseller critical of the Bush administration.

Other reporters and writers have been punished in other ways. Joseph C Wilson accused Bush, in a New York Times op-ed, of leading the country to war on the basis of a false charge that Saddam Hussein had acquired yellowcake uranium in Niger. His wife, Valerie Plame, was outed as a CIA spy - a form of retaliation that ended her career.

Prosecution and job loss are nothing, though, compared with how the US is treating journalists seeking to cover the conflict in Iraq in an unbiased way. The Committee to Protect Journalists has documented multiple accounts of the US military in Iraq firing upon or threatening to fire upon unembedded (meaning independent) reporters and camera operators from organisations ranging from al-Jazeera to the BBC. While westerners may question the accounts by al-Jazeera, they should pay attention to the accounts of reporters such as the BBC's Kate Adie. In some cases reporters have been wounded or killed, including ITN's Terry Lloyd in 2003. Both CBS and the Associated Press in Iraq had staff members seized by the US military and taken to violent prisons; the news organisations were unable to see the evidence against their staffers.

Over time in closing societies, real news is supplanted by fake news and false documents. Pinochet showed Chilean citizens falsified documents to back up his claim that terrorists had been about to attack the nation. The yellowcake charge, too, was based on forged papers.

You won't have a shutdown of news in modern America - it is not possible. But you can have, as Frank Rich and Sidney Blumenthal have pointed out, a steady stream of lies polluting the news well. What you already have is a White House directing a stream of false information that is so relentless that it is increasingly hard to sort out truth from untruth. In a fascist system, it's not the lies that count but the muddying. When citizens can't tell real news from fake, they give up their demands for accountability bit by bit.

9. Dissent equals treason

Cast dissent as "treason" and criticism as "espionage'. Every closing society does this, just as it elaborates laws that increasingly criminalise certain kinds of speech and expand the definition of "spy" and "traitor". When Bill Keller, the publisher of the New York Times, ran the Lichtblau/Risen stories, Bush called the Times' leaking of classified information "disgraceful", while Republicans in Congress called for Keller to be charged with treason, and rightwing commentators and news outlets kept up the "treason" drumbeat. Some commentators, as Conason noted, reminded readers smugly that one penalty for violating the Espionage Act is execution.

Conason is right to note how serious a threat that attack represented. It is also important to recall that the 1938 Moscow show trial accused the editor of Izvestia, Nikolai Bukharin, of treason; Bukharin was, in fact, executed. And it is important to remind Americans that when the 1917 Espionage Act was last widely invoked, during the infamous 1919 Palmer Raids, leftist activists were arrested without warrants in sweeping roundups, kept in jail for up to five months, and "beaten, starved, suffocated, tortured and threatened with death", according to the historian Myra MacPherson. After that, dissent was muted in America for a decade.

In Stalin's Soviet Union, dissidents were "enemies of the people". National Socialists called those who supported Weimar democracy "November traitors".

And here is where the circle closes: most Americans do not realise that since September of last year - when Congress wrongly, foolishly, passed the Military Commissions Act of 2006 - the president has the power to call any US citizen an "enemy combatant". He has the power to define what "enemy combatant" means. The president can also delegate to anyone he chooses in the executive branch the right to define "enemy combatant" any way he or she wants and then seize Americans accordingly.

Even if you or I are American citizens, even if we turn out to be completely innocent of what he has accused us of doing, he has the power to have us seized as we are changing planes at Newark tomorrow, or have us taken with a knock on the door; ship you or me to a navy brig; and keep you or me in isolation, possibly for months, while awaiting trial. (Prolonged isolation, as psychiatrists know, triggers psychosis in otherwise mentally healthy prisoners. That is why Stalin's gulag had an isolation cell, like Guantánamo's, in every satellite prison. Camp 6, the newest, most brutal facility at Guantánamo, is all isolation cells.)

We US citizens will get a trial eventually - for now. But legal rights activists at the Center for Constitutional Rights say that the Bush administration is trying increasingly aggressively to find ways to get around giving even US citizens fair trials. "Enemy combatant" is a status offence - it is not even something you have to have done. "We have absolutely moved over into a preventive detention model - you look like you could do something bad, you might do something bad, so we're going to hold you," says a spokeswoman of the CCR.

Most Americans surely do not get this yet. No wonder: it is hard to believe, even though it is true. In every closing society, at a certain point there are some high-profile arrests - usually of opposition leaders, clergy and journalists. Then everything goes quiet. After those arrests, there are still newspapers, courts, TV and radio, and the facades of a civil society. There just isn't real dissent. There just isn't freedom. If you look at history, just before those arrests is where we are now.

10. Suspend the rule of law

The John Warner Defense Authorization Act of 2007 gave the president new powers over the national guard. This means that in a national emergency - which the president now has enhanced powers to declare - he can send Michigan's militia to enforce a state of emergency that he has declared in Oregon, over the objections of the state's governor and its citizens.

Even as Americans were focused on Britney Spears's meltdown and the question of who fathered Anna Nicole's baby, the New York Times editorialised about this shift: "A disturbing recent phenomenon in Washington is that laws that strike to the heart of American democracy have been passed in the dead of night ... Beyond actual insurrection, the president may now use military troops as a domestic police force in response to a natural disaster, a disease outbreak, terrorist attack or any 'other condition'."

Critics see this as a clear violation of the Posse Comitatus Act - which was meant to restrain the federal government from using the military for domestic law enforcement. The Democratic senator Patrick Leahy says the bill encourages a president to declare federal martial law. It also violates the very reason the founders set up our system of government as they did: having seen citizens bullied by a monarch's soldiers, the founders were terrified of exactly this kind of concentration of militias' power over American people in the hands of an oppressive executive or faction.

Dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallies oil stocks (suuuuure), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., but newest bull s**t talking point, viz., $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem) and bull s**t alone, sparks lunatics’/suckers’ bear market rally/dead dog bounce (11-28-07) to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Very Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

Clinton I haven't considered possibility of losing Dem nomination

NYC Fire Chief: Giuliani 'Not a Hero' 'He Ran That Day'

Novak: Hillary's Nixonian Tactics Against Obama...

Giuliani shows abortion danger for Republicans

Former Governor Tries to Gloss Over Ark. Record...

'Taxes funded Rudy Giuliani love trysts'

Wells Fargo to take $1.4 billion charge for bad loans

Annapolis Elicits Little Optimism Among Arabs

Nixon Papers Recall Concerns on Israel's nukes...

120 War Vets Commit Suicide Each Week

Gold approaches 28-year high, platinum at record

Impeach George Bush and Dick Cheney

Congress should impeach President Bush and Vice President Cheney for the following reasons:

1) The Offense of Lying and Inducing America to Support a War

2) The Offense of Reckless Indifference to the Lives and Welfare of American Troops

3) The Offense of Torture in Violation of U.S. Laws and Treaties

4) The Offense of Wiretapping Surveillance in Defiance of the Law

Fascist America, in 10 easy steps

As difficult as this is to contemplate, it is clear, if you are willing to look, that each of these 10 steps has already been initiated today in the United States by the Bush administration.

1. Invoke a terrifying internal and external enemy

2. Create a gulag

3. Develop a thug caste

4. Set up an internal surveillance system

In closed societies, this surveillance is cast as being about "national security"; the true function is to keep citizens docile and inhibit their activism and dissent.

5. Harass citizens' groups

6. Engage in arbitrary detention and release

"Have you been in any peace marches? We ban a lot of people from flying because of that," asked the airline employee.

"That'll do it," the man said.

Anti-war marcher? Potential terrorist. Support the constitution? Potential terrorist. History shows that the categories of "enemy of the people" tend to expand ever deeper into civil life.

It is a standard practice of fascist societies that once you are on the list, you can't get off.

7. Target key individuals

Elsewhere, a CIA contract worker who said in a closed blog that "waterboarding is torture" was stripped of the security clearance she needed in order to do her job.

8. Control the press

9. Dissent equals treason

In Stalin's Soviet Union, dissidents were "enemies of the people". National Socialists called those who supported Weimar democracy "November traitors".

10. Suspend the rule of law

Oil hits above $99 as cold weather and worthless dollar weigh

Putin accuses U.S. of meddling in Russia vote

CAN SHE BEAT THEM? New poll shows Clinton trails top '08 Republicans...

Markets plunge modestly relative to reality on credit woes and real economics/facts/truth/reality, beyond the fake government reports/revisions/ lies/fraud/incompetence/wall street lunacy/fraud/bull s**t, etc. (11-26-07) .....

UPDATE: WASHINGTON AIDS INFECTION RATE IS HIGHEST OF U.S. CITIES; One in 20 residents is estimated to have HIV... Capital has severe HIV epidemic, report finds
• DC ranks as nation's AIDS capital Richmond Times Dispatch

BOOK DECLARES 'END OF AMERICA'...

DOLLAR CONTINUES COLLAPSE; NEW RECORD LOWS...
Oil Prices Rise on Light Trading Day, touch intra-day record high...

Ex-US Treasury head Summers says recession likely-FT

USA IS 'WORST' IMPERIALIST: ARCHBISHOP...

NYC Fire Chief: Giuliani 'Not a Hero' 'He Ran That Day'

Hillary Takes Cash From Recipients of Husband's Controversial Pardons

Novak: Hillary's Nixonian Tactics Against Obama...

Record low dollar, record high oil/gold prices, deficits, fake/false government reports/data, etc., but bull s**t alone, sparks lunatics’/suckers’ bear market rally dead dog bounce into the close (11-19-07) to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Very Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

DOWN: Dollar Declines To Another Record Low...

Leading indicators down sharply

Dollar plunges to 2-year low against yen BusinessWeek

Weak dollar pushes oil over $99

Fed predicts slower growth, more jobless
Freddie Mac loses $2B, seeks new capital
Single-family construction falls
Oil futures jump on dollar, Fed forecast

Dodd calls for investigation into Bush role in Plame affair

Don’t count on empty dress, nancy, don’t touch her godfather bush, guinea pelosi who despite all her, it’s the republicans blocking democrat attempts to stop the war, could herself alone as speaker prevent any vote on funding the war from coming to the floor. She’s incompetent and a disingenuous fraud!

Ex-US commander in Iraq backs troop pullout bill

`Defeated war criminal enabler howard thanks Australia...`

`New PM signals Iraq pullout...`

Ex-Iraq commander says bring troops home

Ari Fleischer's Freedom's Watch Involved In ‘Marketing Sessions' To ‘Sell' Iran War

Record low dollar, record high oil/gold prices, deficits, fake/false government reports/data, etc., but bull s**t alone, sparks lunatics’/suckers’ bear market rally dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Very Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

OIL HITS $98 HIGH AGAIN...

DOWN: Dollar Declines To Another Record Low...

Former WH Press Sec.: Bush, Rove helped pass along 'false information' on Plame

Award-winning Photojournalist Held Incommunicado in Iraqi Torture Dungeon

Fox Host Says Dissenters Should Be Tased

Radioactive Ammunition Fired in Middle East May Claim More Lives Than Hiroshima and Nagasaki

British General: Our Presence ‘Instigated' Violence In Iraq, ‘90 Percent' Reduction After Withdrawal

New Poll Shows Majority Want Immediate Iraq Troop Withdrawal

Former White House Press Secretary Blames Bush for Leak Deceit...

OIL HITS $98 HIGH AGAIN...

DOWN: Dollar Declines To Another Record Low...

Fed predicts slower growth, more jobless
Freddie Mac loses $2B, seeks new capital
Single-family construction falls
Oil futures jump on dollar, Fed forecast

US soldiers killed in Iraq suicide attack

Neocon accused of misquoting Iran's leader to push case for invasion

Iran: The Irrelevance of Evidence

Bad Intelligence: America's History of Bungled Spying

Powell: Iran Far From Nuclear Weapon...

Iran calls for removing U.S. dollar as major oil trading currency

Powell: No military strike on Iran

Iran does not want to use oil as a weapon: Ahmadinejad

Hillary Clinton Takes Cash From Recipients of Husband's Controversial Pardons

Louisiana Rep. Jefferson accused anew

NEW POLL: Majority Think Bush and Cheney Have Committed Impeachable Offenses

The Lobby: Why No American President Will Stand Up to Israel
A number of writers have exposed Israel's misbehavior and the power of the Lobby, but until now, the Lobby has been able to marginalize its critics by smearing them as "anti-semites," "nazis," and "Jew-haters."

Russian Military Chief Calls America "Evil" Who could rationally disagree with that assessment? Based upon direct observation and experience, I wouldn’t!

Approaching Recession? It's Already Here

PAPER: THE DOLLAR'S DECLINE... SHUNNED CURRENCY...

OPEC Interested in Non-Dollar Currency...

$100-barrel a 'fair' price...

Pump price to jump 20 cents next 2-3 weeks: government

New Poll Shows Majority Want Immediate Iraq Troop Withdrawal

Fake government reports from the notoriously scandal-plagued u.s. commerce department . I say they’re telling the people/frauds on wall street what they want/need to here, keeping the suckers suckered. Remember, they lie about everything, especially for money!

Record low dollar, record high oil/gold prices, deficits, etc., but bull s**t alone, albeit irrelevant bull s**t from china profits manufacturing distribution co. walmart, sparks lunatics/suckers’ bear market rally dead dog bounce to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america.

The Ebbing Financial Flood By: Bill Bonner, Lila Rajiva & The Daily Reckoning Crew ..…is a loss of $1.3 trillion.
That's in U.S. dollars. But the U.S. dollar has lost about 10% of its value this year. So, the real world loss to investors is more than twice that amount…or around $3 trillion. Add to that the loss in housing values - probably about another $1 trillion, so far. And then, there are the losses, both announced and still hidden, in subprime debt and derivatives, which could tote up to another $0.5 trillion or so.
…...

Realtors revise home sales forecast lower again

The Last Dead Bull-Sh**t Artist on Wall Street MIKE WHITNEY Counterpunch November 12, 2007
…..Fed chief Bernanke's announcement that the economy will face "a sharp slowdown from the housing market's contraction" and an "inflationary surge from sharply higher oil prices and the weaker dollar", didn't help either. His remarks triggered a blow-off in the currency markets while equities were frog-marched to the chopping-block….. This is a bear market now. … The subprime contagion has now spread beyond the US and Europe to markets in the Far East. No one is fooled by Bernanke's sunny predictions that the economy will bounce back next year with a strong showing in the first quarter. That's baloney and everyone knows it. The economy has stumbled down the elevator shaft and is just waiting to hit bottom. Consumer confidence is flagging, housing is falling, foreign capital is fleeing, and the greenback is one flush away from the sewage-treatment plant…..The dollar has lost 63% against the euro and dropped to record lows against a basket of world currencies. Foreign central banks and investors have been ditching it as fast as they can before it loses more value. The dollar's tumble has been the most dazzling currency-flameout in modern times and Bernanke is acting like he's still asleep at the switch. It's madness.The greenback is getting clobbered by the Fed's low-interest snake oil and the gargantuan current account deficit. If Bernanke clips rates again to bail out the stock market, the dollar will slip into irreversible respiratory failure. Food and oil prices will shoot to the moon overnight and the remains of the greenback will be carted off to the nearest boneyard. September's trade deficit was another blow to the waning dollar. The Census Bureau reported on Friday that the deficit clocked in at $56.5 billion. That's $684 billion per annum! ….. The Last Dead Bull-S**ter on Wall Street
This is a bear market now! .....

International Economic Forecast for November 2007

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll

Six in 10 U.S. consumers see recession - survey

PAPER: THE DOLLAR'S DECLINE... SHUNNED CURRENCY...

OPEC Interested in Non-Dollar Currency...

$100-barrel a 'fair' price...

Record low dollar, record high oil/gold prices, deficits, now fannie mae fraud, etc., but bull s**t alone, albeit irrelevant bull s**t at best and a plethora of bad news including sharp decline in manufacturing index, sparks lunatics/suckers’ bear market rally dead dog bounce into the close to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america.

The dollar's decline from symbol of hegemony to shunned currency

Cost Of The Crunch $2 Trillion, Says Goldman

Oil rises over $95 on weak dollar

Saudi minister warns of dollar collapse...

NEW BUCHANAN BOOK DECLARES 'END OF AMERICA'
Sun Nov 25 2007 20:40:15 ET

**Exclusive from drudgereport.com**

"America is coming apart, decomposing, and...the likelihood of her survival as one nation...is improbable -- and impossible if America continues on her current course," declares Pat Buchanan. "For we are on a path to national suicide."

The best-selling author and former presidential candidate is on the eve of launching his new epic book: DAY OF RECKONING: HOW HUBRIS, IDEOLOGY AND GREED ARE TEARING AMERICA APART.

This time, Buchanan goes all the way:

"America is in an existential crisis from which the nation may not survive."

The U.S. Army is breaking and is too small to meet America’s global commitments.

The dollar has sunk to historic lows and is being abandoned by foreign governments.

U.S. manufacturing is being hollowed out.

The greatest invasion in history, from the Third World, is swamping the ethno-cultural core of the country, leading to Balkanization and the loss of the Southwest to Mexico.

The culture is collapsing and the nation is being deconstructed along the lines of race and class.

A fiscal crisis looms as the unfunded mandates of Social Security and Medicare remain unaddressed.

All these crises are hitting America at once -- a perfect storm of crises.

Specifically, Buchanan contends:

• Pax Americana, the era of U.S. global dominance, is over. A struggle for global hegemony has begun among the United States, China, a resurgent Russia and radical Islam

• Bush’s invasion of Iraq was a product of hubris and of ideology, a secular religion of “democratism,” to which Bush was converted in the days following 9/11

• Torn asunder by a culture war, America has now begun to break down along class, ethnic and racial lines.

• The greatest threat to U.S. sovereignty and independence is the scheme of a global elite to erase America’s borders and merge the USA, Mexico and Canada into a North American Union.

• Free trade is shipping jobs, factories and technology to China and plunging America into permanent dependency and unpayable debt. One of every six U.S. manufacturing jobs vanished under Bush

• “Sovereign Wealth Funds,” controlled by foreign regimes and stuffed with trillions of dollars from U.S. trade deficits, are buying up strategic corporate assets vital to America’s security

• As U.S. wages are stagnant, corporate CEOs are raking in rising pay and benefits 400 to 500 times that of their workers

• The Third World invasion through Mexico is a graver threat to our survival as one nation than anything happening in Afghanistan or Iraq

* European-Americans, 89% of the nation when JFK took the oath, are now 66% and sinking. Before 2050, America is a Third World nation

• By 2060, America will add 167 million people and 105 million immigrants will be here, triple the 37 million today.

• Hispanics will be over 100 million in 2050 and concentrated in a Southwest most Mexicans believe belongs to them

Buchanan’s Recommendations:

• A new foreign-defense policy that closes most of the 1000 bases overseas, reviews all alliances, and brings home U.S. troops

• A purge of neoconservative ideology and the “Cakewalk” crowd” from national power.

• To avert a second Cold War, the United States should “get out of Russia’s space and get out of Russia’s face,” and shut down all U.S. bases on the soil of the former Soviet Union

• To reach a cold peace in the culture war, Buchanan urges a return to federalism and the overthrow of our judicial dictatorship by Congressionally mandated restrictions on the jurisdiction of the Supreme Court.

• To end the trade deficits and save the dollar, Buchanan urges a Hamiltonian solution: a 20% Border Equity Tax on imports, with the $500 billion raised to be used to end taxation on American producers

• To prevent America becoming “a tangle of squabbling nationalities” Buchanan urges: No amnesty for the 12-20 million illegal aliens; a border fence from San Diego to Brownsville; Congressional declarations that children born to illegal aliens are not citizens and English is the language of the United States; and a “timeout” on all immigration.

QUID PRO QUO?

Hillary Takes Cash From Recipients of Husband's Controversial Pardons

‘Oil to Hit $200 if Iran Attacked’

Hillary Clinton Takes Cash From Recipients of Husband's Controversial Pardons

Student claims CNN forced her to ask frilly question...
Confident Clinton focuses on Iowa...
DICK MORRIS: CNN Caves to Hillary, But She'll Still Struggle...
Questions About Carville...

Army Desertion Rate Highest Since '80...

Death Of Dr. David Kelly, Microbiologist, Murder not Suicide: Norman Baker

NEW POLL: Majority Think Bush and Cheney Have Committed Impeachable Offenses

It’s Treason: Dems Stay Silent on Bush White House Crimes

Where's the Party?

PAPER: THE DOLLAR'S DECLINE... SHUNNED CURRENCY...

Saudi minister warns of dollar collapse...

A financial system under siege

Russian Military Chief Calls America "Evil" Who could rationally disagree with that assessment? Based upon direct observation and experience, I wouldn’t!

Approaching Recession? It's Already Here

Pump price to jump 20 cents next 2-3 weeks: government

Army desertion rate up 80 pct. since '03

Bank of America sees $3 billion debt write-down

Fake government report regarding inflation numbers from the notoriously scandal-plagued u.s. commerce department ….. what are they measuring? A basket of china canned goods? I say they’re not measuring anything at all but rather telling the people/frauds on wall street what they want/need to here, while saving some money on transfer payments pegged to same. Remember, they lie about everything, especially for money!

Record low dollar, record high oil/gold prices, deficits, etc., but bull s**t alone, albeit irrelevant bull s**t from china profits manufacturing distribution co. walmart, sparks lunatics/suckers’ bear market rally dead dog bounce to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america.

Stocks get lift from Goldman, Wal-Mart bull s**t alone which is enough for more fraud on wall street

Realtors revise home sales forecast lower again

The Last Dead Bull-Sh**t Artist on Wall Street MIKE WHITNEY Counterpunch November 12, 2007
…..Fed chief Bernanke's announcement that the economy will face "a sharp slowdown from the housing market's contraction" and an "inflationary surge from sharply higher oil prices and the weaker dollar", didn't help either. His remarks triggered a blow-off in the currency markets while equities were frog-marched to the chopping-block….. This is a bear market now. … The subprime contagion has now spread beyond the US and Europe to markets in the Far East. No one is fooled by Bernanke's sunny predictions that the economy will bounce back next year with a strong showing in the first quarter. That's baloney and everyone knows it. The economy has stumbled down the elevator shaft and is just waiting to hit bottom. Consumer confidence is flagging, housing is falling, foreign capital is fleeing, and the greenback is one flush away from the sewage-treatment plant…..The dollar has lost 63% against the euro and dropped to record lows against a basket of world currencies. Foreign central banks and investors have been ditching it as fast as they can before it loses more value. The dollar's tumble has been the most dazzling currency-flameout in modern times and Bernanke is acting like he's still asleep at the switch. It's madness.The greenback is getting clobbered by the Fed's "low-interest" snake oil and the gargantuan current account deficit. If Bernanke clips rates again to bail out the stock market, the dollar will slip into irreversible respiratory failure. Food and oil prices will shoot to the moon overnight and the remains of the greenback will be carted off to the nearest boneyard. September's trade deficit was another blow to the waning dollar. The Census Bureau reported on Friday that the deficit clocked in at $56.5 billion. That's $684 billion per annum!….. The Last Dead Bull-S**ter on Wall Street
This is a bear market now!...

International Economic Forecast for November 2007

Record low dollar, record high oil/gold prices, etc., sparks lunatics/suckers’ bear market rally into the close to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t!

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

Six in 10 U.S. consumers see recession - survey

HOUSE PASSES ANTI-WAR BILL...

Bush a 'bully' on Iraq: Democrats...

Dems slam Iraqi government; 'It is not getting better, it is getting worse,' Harry Reid says...

UK accused of not speaking against Israeli war crimes
"They are using the starvation and strangulation of civilians under occupation as a method of warfare, and collective punishment, outlawed in the Rome statute as war crimes," Dolye said.
Palestine-Israel, Politics, 11/14/2007
Israeli occupation forces arrest Palestinian in Bethlehem
Also, an infant died today in Gaza after she denied access into Israel for medical treatment, medical sources said.
Palestine-Israel, Politics, 11/14/2007
US peace conference as aimed to end Israel isolation: Iranian official
Iran's Secretary General of the International Conference of Quds and Support for Rights of the Palestinian Nation Ali-Akbar Mohtashamipour yesterday warned against US plot to get Israel out of isolation.
Iran-Palestine, Politics, 11/14/2007
Israel to freeze settlements ahead of Annapolis peace Summit
Israeli daily newspaper "Haaretz" said today that Israel will announce a freeze on settlement construction prior to the Annapolis conference.
Palestine-Israel, Politics, 11/14/2007
Kuwaiti minister rejects claims of Iran spying on Kuwait
Kuwait's Interior Minister Jabir Khalid al-Jabir al-Sabah has refused some recent reports that Iran was engaged in spying activities in Kuwait, it was reported Monday.
Kuwait-Iran, Politics, 11/14/2007
US war price double, Washington Post says
The Democratic authors included the costs of treating wounded veterans and mounting interest payments on money borrowed to finance the wars. The report calculates that the campaigns in Iraq and Afghanistan have cost the average US family of four more than $20,000.
Iraq-USA, Politics, 11/14/2007
Iran urges stronger ties with Iraq, withdrawal of US
In a meeting in Tehran with Head of the United Iraq Coalition (UIC) Seyed Abdelaziz Hakim, he called for stabilization of border exchanges.
Iraq-Iran-USA, Politics, 11/14/2007
Islam links Saudi - Iran ties: Saudi official
Saudi Prosecutor General Sheikh Muhammad Ibn Fahd Abdullah said today that close ties between Iran and Saudi Arabia would be to the benefit of Muslim World.
Saudi Arabia-Iran, Politics, 11/14/2007
Armed forces weakened by Iraq, Afghan wars - UK admits
Britain's armed forces are under increasing strain due to the wars in Iraq and Afghanistan and its ability to continue fighting at present levels is "unlikely to be met," the Ministry of Defense (MoD) has admitted for the first time. Iraq-UK, Politics, 11/14/2007

Vaccines: The Deadly Cure - Prison Planet Research Archive

Publisher Regan Says News Corp. Fired Her to Protect Giuliani

EU inquiry into CIA prisons to be reopened

Parents Must Immunize Their Children Or Go To Jail

Justice Department Reopens Warrantless Wiretapping Inquiry That Was Halted By Bush

NEW POLL: Majority Think Bush and Cheney Have Committed Impeachable Offenses

Blackwater killed 14 Iraqis without cause: FBI report

UK Surveillance Society 'danger to individual liberty'

US, Israel refuse to cooperate with inquest into Syria strike
The International Atomic Energy Agency - the United Nations nuclear watchdog - has not been able to conduct an investigation into the events surrounding the Sept. 6 Israeli bombing of a Syrian military installation because neither the Bush administration nor Israel are cooperating.

'I feared I'd end up dead in the woods like Dr Kelly,' says biological warfare expert who criticised Britain and U.S.

‘Blackwater Firm’s Killing Unjustified’

HSBC says loan problems spreading; Closes branches and cuts jobs in USA...

REPORT: GE unloading MMfunds for .96 cents on the dollar...

US, Israel refuse to cooperate with inquest into Syria strike

Russian Military Chief Calls America "Evil" Who could rationally disagree with that assessment? Based upon direct observation and experience, I wouldn’t!

Approaching Recession? It's Already Here

Pump price to jump 20 cents next 2-3 weeks: government

Bank of America sees $3 billion debt write-down

Record low dollar, record high oil/gold prices, deficits, etc., but bull s**t alone, albeit irrelevant bull s**t from china profits manufacturing distribution co. walmart, sparks lunatics/suckers’ bear market rally dead dog bounce to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america.

The Ebbing Financial Flood By: Bill Bonner, Lila Rajiva & The Daily Reckoning Crew
On Friday, the Dow lost another 224 points.
The Wilshire index, meanwhile, is helpfully quoted in dollars. So you can see immediately how much money people are losing. From the top around 15,900 to last week - when the index bounced around 14,600 - is a loss of $1.3 trillion.
That's in U.S. dollars. But the U.S. dollar has lost about 10% of its value this year. So, the real world loss to investors is more than twice that amount…or around $3 trillion. Add to that the loss in housing values - probably about another $1 trillion, so far. And then, there are the losses, both announced and still hidden, in subprime debt and derivatives, which could tote up to another $0.5 trillion or so.
Hey…we're starting to talk about some real money here - a combined loss of wealth equal to $4.5 trillion…or nearly 10% of the entire net worth of the United States of America. Could that be? …..there won't be another big bull market in stocks or property any time soon…and the feds' efforts to goose up the economy with more monetary inflation are probably not working…
You'll recall the basic plot, dear reader: central banks encourage consumption by artificially increasing the supply of money and credit. This flood tide of extra money boosted asset prices worldwide, leaving the impression of a booming economy. But wages in the United States are not rising - so the only way ordinary people could participate in the boom was by borrowing. As they borrowed more and more, credit quality decreased. Finally, holders of subprime debt realized that their credits weren't as solid as they thought they were.
Early this year, housing prices were already falling…
"Gloom envelops world markets," says the Financial Times.
"Wall Street Braces for More Trouble," says another headline.
The wash of credit - which lifted spirits and asset prices all over the planet - is ebbing. And once begun, it is probably impossible to reverse it.

Stocks get lift from Goldman, Wal-Mart bull s**t alone which is enough for more fraud on wall street

Realtors revise home sales forecast lower again

The Last Dead Bull-Sh**t Artist on Wall Street MIKE WHITNEY Counterpunch November 12, 2007
…..Fed chief Bernanke's announcement that the economy will face "a sharp slowdown from the housing market's contraction" and an "inflationary surge from sharply higher oil prices and the weaker dollar", didn't help either. His remarks triggered a blow-off in the currency markets while equities were frog-marched to the chopping-block….. This is a bear market now. The last bull was dragged from the Street on Friday with a harpoon in its chest. The subprime contagion has now spread beyond the US and Europe to markets in the Far East. No one is fooled by Bernanke's sunny predictions that the economy will bounce back next year with a strong showing in the first quarter. That's baloney and everyone knows it. The economy has stumbled down the elevator shaft and is just waiting to hit bottom. Consumer confidence is flagging, housing is falling, foreign capital is fleeing, and the greenback is one flush away from the sewage-treatment plant…..The dollar has lost 63% against the euro and dropped to record lows against a basket of world currencies. Foreign central banks and investors have been ditching it as fast as they can before it loses more value. The dollar's tumble has been the most dazzling currency-flameout in modern times and Bernanke is acting like he's still asleep at the switch. It's madness.The greenback is getting clobbered by the Fed's "low-interest" snake oil and the gargantuan current account deficit. If Bernanke clips rates again to bail out the stock market, the dollar will slip into irreversible respiratory failure. Food and oil prices will shoot to the moon overnight and the remains of the greenback will be carted off to the nearest boneyard. September's trade deficit was another blow to the waning dollar. The Census Bureau reported on Friday that the deficit clocked in at $56.5 billion. That's $684 billion per annum!….. The Last Dead Bull-S**ter on Wall Street
This is a bear market now!...

International Economic Forecast for November 2007

By:BobChapman,TheInternationalForecaster

Someone doesn’t believe the government’s figures. Yes, we know there is a credit crisis and that the banks and others will be writing off hundreds of billions of dollars, but too many investors and professionals are finally realizing that our government lies about everything. Inflation is over 11% and government expects us to believe we have the lowest inflation in 50 years. They are not even believable liars. If you remember our government and those on Wall Street and CNBC told us over and over that we had reached the bottom of the real estate market. Now they tell us we may have a little farther to go in what will be the worst correction since the 1930s. Our economy has an inflation problem and the only resilience we see is the result of massive amounts of money and credit being injected into the economy. That is the result of a 15% increase in money and credit and a wide open discount window. This is how economic growth is being manufactured and the result is hyperinflation. You are supposed to believe that our inflation is as low as it was in the 1950s. We guess the neocons and Wall Street are hoping few remember the 1950s. Well, we do and this is nothing like that. How can anyone conceivably believe with oil close to $100 a barrel that inflation is 2-2/3%, never mind all the other inflationary factors? If we are correct in our inflation estimate there is no growth. The economy is hanging on by its fingernails even with massive stimulation.
The bogus third quarter GDP figures were a milestone in stupidity. If the formula for the second quarter had been used, GDP would have been over 2%, but that wouldn’t have been good enough for the charlatans and crooks of Wall Street and the beltway. This economy has been contracting for 1-1/2 years and official lies and massive amounts of money and credit have covered that up. The Fed knows the economy is in recession and now that they have committed themselves to bailing out the economy and the financial sector we see another rate cut in either December or January. Inflation is 11.3%, not 0.8% monthly, as the Commerce Department would have us believe. The Fed doesn’t care about inflation - they just lie about it. They have abandoned the dollar…..If you look at the BLS’s household survey there was no job growth last month. In fact, the labor force contracted by 211,000 jobs. Based on a real survey we will take the household survey over the birth/death projection and that is ample justification in the Fed’s eyes for another cut. It’s in Wall Street’s eyes justification for another cut. Wall Street and government have an attention spam of 6 seconds similar to a dyslexic child. They only think about the next trade and could care less about tomorrow or the future of the dollar. They care nothing about our future. Again, justification for a rate cut. We can assure you November’s employment figures will stink giving the Fed ample reason to cut again, while continuing their now ridiculous lie about inflation. As an example of how bogus October’s figures were, the B/D ratio added 103,000 jobs and then the BLS added 14,000 construction jobs and 25,000 in the financial industry. They must believe we are stupid. There are massive lay offs in both industries. Worse yet, GDP is growing at zero to 2%, and in all probability 1% and it has been at that level for a year. The Fed has to cut interest rates again. Unfortunately the result will not be successful even if money and credit increases more over 20%, which there is a great chance that will occur. Employment is a lagging indicator and we identified slippage 1-1/2 years ago. This is nothing new – it’s just been covered up. If you remember unemployment has already moved from 4.4% to 4.7% over the past several months and that is official. Can you imagine what the real numbers are?
The credit market is still frozen and greater losses will continue to be announced as more and more foreclosures disrupt the system. Foreclosures are up over 200% and high numbers should prevail for 1-1/2 years or longer. As many as 2.5 million homes could go into foreclosure. That is what we predicted three years ago. We cut that figure in half to project losses in the industry. That, of course, will have a devastating affect on homeowners, real estate prices and mortgage-backed assets. The financial blood will flow for sometime to come. Again, this is lots of ammunition for the Fed to lower rates. At 4-1/2% presently they could drop another point to 3-1/2%. Considering all the other problems we could see the dollar at 50 on the USDX. The credit crisis will last years, not months. We believe domestic demand was 1-1/2% to 2% in GDP for the third quarter. That was fueled by equity cash outs of about $150 billion, which was equal to 50% of the rise in total consumer spending during the first half of the year. Over 5-1/2 years $1.1 trillion in equity extractions went toward consumer spending. This represented a 46% increase in total consumer spending over the same period. At the end of the second quarter household mortgage debt was over $10 trillion versus $4.295 trillion in 1999. Thus, in 6-1/2 years the household sector mortgage debt increased by $5.8 trillion, or 136%. Mortgage debt relative to disposable personal income surged from 64.7% at the end of 1999 to 100.2% at the end of the second quarter. This 35.5% rise was greater than the rise over the 43 years leading up to 1999. Total household debt to disposable income was 131%, up from 93.6% at the end of 1999. Aggregate indebtedness has increased exponentially. Regarding business, corporate debt averaged 34.3% of GDP. Both personal and corporate debt combined was 217% of GDP. Any reduction is short-term rates won’t help borrowers for a year or two. This debt overhang will not be manageable in a recession. As we have said the high end of the real estate market has yet to come down, but come down it will. Homes today are still some 58% above the previous cycle high in 1989…..Now all that debt has to be serviced and it cannot be. Almost all homes bought in 2006 and 2007areupsidedown. Housing starts have not dropped fast enough and that is adding to the inventory problem. Housing starts are still 30% from where they should fall too. We must admit part of the builders’ problems comes from listening to government and innocently using bogus government statistics. In just the next 11 months $800 billion in ARM resets come due and the worst will be in the first six months of 2008. That process is 18 months long and following will be a new crop coming due from resets that started a year ago. Lower house prices will kill them as well. You have to divide the problem into two segments. The houses that went up 40% will drop 20%. The houses that went up 150% will fall 30% to 60% from the peak. We are looking for $10 trillion in losses from June 2005 to the bottom. We know you do not think that is possible. When we told investors in April 2000 that the stock market would fall and $8 to $10 trillion would be lost, they laughed. They were not laughing in 2002. We will see a recession and massive inflation, a combination that will send the stock market down and gold and silver soaring…..The truth will now start to leak out everywhere as the auditors of the big banks and brokers start to fear another Enron scenario developing and do not want to get caught in circumstances, which will lead to liability to shareholders for hiding losses. The big accounting firms cannot wait any longer or they will join the big rating agencies on the financial gallows….. International Economic Forecast for November 2007

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

Six in 10 U.S. consumers see recession - survey

5,000 illegals working as security guards in UK's most sensitive buildings

FIREWORKS: PUBLISHER JUDITH REGAN FILES $100M LAWSUIT AGANIST MURDOCH EMPIRE...
'LIE TO PROTECT GIULIANI'...
SOURCES: REGAN CLAIMS TO HAVE 'EXTENSIVE AND DAMNING' AUDIO TAPES...

The Damned: Veteran Suicide "Epidemic" (CBS) At least 120 Americans who served in the US military killed themselves per week in 2005, CBS News learned in a five-month investigation into veteran ... CBS ‘Early Show’: Veteran Suicide Rates ‘Shockingly High’ NewsBusters
"CBS Evening News" finds high rate of veteran suicides

Bank of America sees $3 billion debt write-down

Record low dollar, record high oil/gold prices, deficits, etc., but bull s**t alone, albeit irrelevant bull s**t from china profits manufacturing distribution co. walmart, sparks lunatics/suckers’ bear market rally dead dog bounce to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! Nothing has fundamentally changed regarding the descent and deckline of criminal/fraud america.

The Ebbing Financial Flood By: Bill Bonner, Lila Rajiva & The Daily Reckoning Crew
On Friday, the Dow lost another 224 points.
The Wilshire index, meanwhile, is helpfully quoted in dollars. So you can see immediately how much money people are losing. From the top around 15,900 to last week - when the index bounced around 14,600 - is a loss of $1.3 trillion.
That's in U.S. dollars. But the U.S. dollar has lost about 10% of its value this year. So, the real world loss to investors is more than twice that amount…or around $3 trillion.
(John Connelly, treasury secretary under Richard Nixon, once famously remarked to a group of European visitors: "It's our dollar, but it's your problem." That was back in the days when America still had an almost-positive trade balance. Now, when the United States needs nearly $3 billion in foreign money every day, the dollar has become OUR problem too.)
Add to that the loss in housing values - probably about another $1 trillion, so far.
And then, there are the losses, both announced and still hidden, in subprime debt and derivatives, which could tote up to another $0.5 trillion or so.
Hey…we're starting to talk about some real money here - a combined loss of wealth equal to $4.5 trillion…or nearly 10% of the entire net worth of the United States of America.
Could that be?
We're very suspicious of numbers. They're twisted. They're bent. They're shifty. Still, our guess is that these big numbers are telling us something. They're telling us that the tide has turned…that there won't be another big bull market in stocks or property any time soon…and the feds' efforts to goose up the economy with more monetary inflation are probably not working…
…at least, that's what it looks like this morning.
You'll recall the basic plot, dear reader: central banks encourage consumption by artificially increasing the supply of money and credit. This flood tide of extra money boosted asset prices worldwide, leaving the impression of a booming economy. But wages in the United States are not rising - so the only way ordinary people could participate in the boom was by borrowing. As they borrowed more and more, credit quality decreased. Finally, holders of subprime debt realized that their credits weren't as solid as they thought they were.
Early this year, housing prices were already falling…and housing owners were having a hard time making their payments. Then, in August, credit crunched.
And now people are asking questions…borrowers are reluctant to borrow; lenders are wary about lending…
"Gloom envelops world markets," says the Financial Times.
"Wall Street Braces for More Trouble," says another headline.
The wash of credit - which lifted spirits and asset prices all over the planet - is ebbing. And once begun, it is probably impossible to reverse it.

Stocks get lift from Goldman, Wal-Mart bull s**t alone which is enough for more fraud on wall street

Realtors revise home sales forecast lower again

The Last Dead Bull-Sh**t Artist on Wall Street MIKE WHITNEY Counterpunch November 12, 2007
What a week for the stock market. On Wednesday the market took a 360 point nosedive followed, two days later, by a 220 point belly-flop. By the time it was over, the trading pits looked more like a sausage-packing plant than the world's financial epicenter. After the bell, downcast traders could be seen tiptoeing through the carnage on their way to the local liquor store to load up on "Stoly" and boxes of Franzia---anything that would steady their nerves and put the week behind them. Everyone could see it coming; the train-wreck. It was mostly carry-over from the night before when Asian stocks took a thumping on reports of slower growth in the US and growing troubles in the credit markets. That put the first domino in motion. Fed chief Bernanke's announcement that the economy will face "a sharp slowdown from the housing market's contraction" and an "inflationary surge from sharply higher oil prices and the weaker dollar", didn't help either. His remarks triggered a blow-off in the currency markets while equities were frog-marched to the chopping-block.The Shanghai market took the worst hit dropping nearly 5% before the trading-day ended. Taiwan and Hong Kong followed suit, sliding 3.9% and 3.2% respectively. Share prices in Japan fell 2%. The next morning, Wall Street crashed. It was a massacre.
This is a bear market now. The last bull was dragged from the Street on Friday with a harpoon in its chest.The subprime contagion has now spread beyond the US and Europe to markets in the Far East. No one is fooled by Bernanke's sunny predictions that the economy will bounce back next year with a strong showing in the first quarter. That's baloney and everyone knows it. The economy has stumbled down the elevator shaft and is just waiting to hit bottom. Consumer confidence is flagging, housing is falling, foreign capital is fleeing, and the greenback is one flush away from the sewage-treatment plant. Bernanke's soothing bromides are meaningless. I don't see any significant change in the broad holdings of dollars around the world. Dollars remain the dominant reserve asset and I expect that to continue to be the case, Bernanke said to the Congressional Economic Committee.Really? So why is the greenback plummeting if people aren't dumping it, Ben? What an absurd comment. The dollar has lost 63% against the euro and dropped to record lows against a basket of world currencies. Foreign central banks and investors have been ditching it as fast as they can before it loses more value. The dollar's tumble has been the most dazzling currency-flameout in modern times and Bernanke is acting like he's still asleep at the switch. It's madness.The greenback is getting clobbered by the Fed's "low-interest" snake oil and the gargantuan current account deficit. If Bernanke clips rates again to bail out the stock market, the dollar will slip into irreversible respiratory failure. Food and oil prices will shoot to the moon overnight and the remains of the greenback will be carted off to the nearest boneyard. September's trade deficit was another blow to the waning dollar. The Census Bureau reported on Friday that the deficit clocked in at $56.5 billion. That's $684 billion per annum!….. The Last Dead Bull-S**ter on Wall Street
This is a bear market now!...

International Economic Forecast for November 2007

By:BobChapman,TheInternationalForecaster

Someone doesn’t believe the government’s figures. Yes, we know there is a credit crisis and that the banks and others will be writing off hundreds of billions of dollars, but too many investors and professionals are finally realizing that our government lies about everything. Inflation is over 11% and government expects us to believe we have the lowest inflation in 50 years. They are not even believable liars. If you remember our government and those on Wall Street and CNBC told us over and over that we had reached the bottom of the real estate market. Now they tell us we may have a little farther to go in what will be the worst correction since the 1930s. Our economy has an inflation problem and the only resilience we see is the result of massive amounts of money and credit being injected into the economy. That is the result of a 15% increase in money and credit and a wide open discount window. This is how economic growth is being manufactured and the result is hyperinflation. You are supposed to believe that our inflation is as low as it was in the 1950s. We guess the neocons and Wall Street are hoping few remember the 1950s. Well, we do and this is nothing like that. How can anyone conceivably believe with oil close to $100 a barrel that inflation is 2-2/3%, never mind all the other inflationary factors? If we are correct in our inflation estimate there is no growth. The economy is hanging on by its fingernails even with massive stimulation.
The bogus third quarter GDP figures were a milestone in stupidity. If the formula for the second quarter had been used, GDP would have been over 2%, but that wouldn’t have been good enough for the charlatans and crooks of Wall Street and the beltway. This economy has been contracting for 1-1/2 years and official lies and massive amounts of money and credit have covered that up. The Fed knows the economy is in recession and now that they have committed themselves to bailing out the economy and the financial sector we see another rate cut in either December or January. Inflation is 11.3%, not 0.8% monthly, as the Commerce Department would have us believe. The Fed doesn’t care about inflation - they just lie about it. They have abandoned the dollar, so we see a good chance of another ¼% rate cut on December 11th. The housing collapse is still in stage one of three stages and there were not 166,000 jobs created in October. We will soon have the numbers that show it should be close to zero. Do not forget they need 250,000 more each month just to say even. Their birth/death ratio could be helpful if it was refined and not politicized, but all it is used for is to justify the proscribed results. If you look at the BLS’s household survey there was no job growth last month. In fact, the labor force contracted by 211,000 jobs. Based on a real survey we will take the household survey over the birth/death projection and that is ample justification in the Fed’s eyes for another cut. It’s in Wall Street’s eyes justification for another cut. Wall Street and government have an attention spam of 6 seconds similar to a dyslexic child. They only think about the next trade and could care less about tomorrow or the future of the dollar. They care nothing about our future. Again, justification for a rate cut. We can assure you November’s employment figures will stink giving the Fed ample reason to cut again, while continuing their now ridiculous lie about inflation. As an example of how bogus October’s figures were, the B/D ratio added 103,000 jobs and then the BLS added 14,000 construction jobs and 25,000 in the financial industry. They must believe we are stupid. There are massive lay offs in both industries. Worse yet, GDP is growing at zero to 2%, and in all probability 1% and it has been at that level for a year. The Fed has to cut interest rates again. Unfortunately the result will not be successful even if money and credit increases more over 20%, which there is a great chance that will occur. Employment is a lagging indicator and we identified slippage 1-1/2 years ago. This is nothing new – it’s just been covered up. If you remember unemployment has already moved from 4.4% to 4.7% over the past several months and that is official. Can you imagine what the real numbers are?
The credit market is still frozen and greater losses will continue to be announced as more and more foreclosures disrupt the system. Foreclosures are up over 200% and high numbers should prevail for 1-1/2 years or longer. As many as 2.5 million homes could go into foreclosure. That is what we predicted three years ago. We cut that figure in half to project losses in the industry. That, of course, will have a devastating affect on homeowners, real estate prices and mortgage-backed assets. The financial blood will flow for sometime to come. Again, this is lots of ammunition for the Fed to lower rates. At 4-1/2% presently they could drop another point to 3-1/2%. Considering all the other problems we could see the dollar at 50 on the USDX. The credit crisis will last years, not months. We believe domestic demand was 1-1/2% to 2% in GDP for the third quarter. That was fueled by equity cash outs of about $150 billion, which was equal to 50% of the rise in total consumer spending during the first half of the year. Over 5-1/2 years $1.1 trillion in equity extractions went toward consumer spending. This represented a 46% increase in total consumer spending over the same period. At the end of the second quarter household mortgage debt was over $10 trillion versus $4.295 trillion in 1999. Thus, in 6-1/2 years the household sector mortgage debt increased by $5.8 trillion, or 136%. Mortgage debt relative to disposable personal income surged from 64.7% at the end of 1999 to 100.2% at the end of the second quarter. This 35.5% rise was greater than the rise over the 43 years leading up to 1999. Total household debt to disposable income was 131%, up from 93.6% at the end of 1999. Aggregate indebtedness has increased exponentially. Regarding business, corporate debt averaged 34.3% of GDP. Both personal and corporate debt combined was 217% of GDP. Any reduction is short-term rates won’t help borrowers for a year or two. This debt overhang will not be manageable in a recession. As we have said the high end of the real estate market has yet to come down, but come down it will. Homes today are still some 58% above the previous cycle high in 1989. We closed our home in Malibu in November 1988. We told our clients in September and October to bail out of homes and saved people millions of dollars. All the real estate market appreciation of the last 5-1/2 years have been accomplished by use of excessive debt and absurdly low interest rates. Now all that debt has to be serviced and it cannot be. Almost all homes bought in 2006 and 2007areupsidedown. Housing starts have not dropped fast enough and that is adding to the inventory problem. Housing starts are still 30% from where they should fall too. We must admit part of the builders’ problems comes from listening to government and innocently using bogus government statistics. In just the next 11 months $800 billion in ARM resets come due and the worst will be in the first six months of 2008. That process is 18 months long and following will be a new crop coming due from resets that started a year ago. Lower house prices will kill them as well. You have to divide the problem into two segments. The houses that went up 40% will drop 20%. The houses that went up 150% will fall 30% to 60% from the peak. We are looking for $10 trillion in losses from June 2005 to the bottom. We know you do not think that is possible. When we told investors in April 2000 that the stock market would fall and $8 to $10 trillion would be lost, they laughed. They were not laughing in 2002. We will see a recession and massive inflation, a combination that will send the stock market down and gold and silver soaring. This is how you will retain your wealth over the next five years and how thinking people will make money. GOLD, SILVER, PLATINUM, PALLADIUM AND URANIUM Note that the one month gold lease rates have suddenly dropped off from .20% to .07% so it looks like some sort of short term manipulation might be on its way now that gold has crossed 800 and has its eyes on 850. Or it could be that no one wants to lease it and then sell it and they are trying to make it more attractive to do so. Or they could be accommodating the commercial shorts by giving them some cheap gold to lease and hold to cover their shorts. They have something up their sleeve, but knowing precisely what kind of evil thoughts they have on their minds may be difficult to determine. This may be a situation similar to that of shorter-term silver lease rates, which are now so negative that they have dropped off the lease rate charts. Right off the rip on Monday, the yen has strengthened again and the Dow is already down over 100 at the open as the cartel tries to put the kibosh on the recent gold rally that took gold well above 800. The yen has strengthened from Friday's close of 114.74 to 114.084 yen per dollar and from 166.155 to 165.110 yen per Euro on Monday at about 9:30 am EDT, so the minus 100 open should not come as a surprise to our IF subscribers. The yen hit was accompanied by news from Citigroup of another 8 to 11 billion in additional losses on top of the 8.4 billion just written off, plus the resignation of its CEO Charles Prince, who now joins Stanley O'Neal, the former CEO of Merrill who also just resigned, in the Golden Parachute Clown Club. The cartel's motto will now be: "Never waste your bad news when you can use it to hit gold." The truth will now start to leak out everywhere as the auditors of the big banks and brokers start to fear another Enron scenario developing and do not want to get caught in circumstances, which will lead to liability to shareholders for hiding losses. The big accounting firms cannot wait any longer or they will join the big rating agencies on the financial gallows….. International Economic Forecast for November 2007

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll
For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

Six in 10 U.S. consumers see recession - survey

Kerik indicted...
Arraigned Friday...
Giuliani Says Support Was Mistake...

Raping American Sovereignty and a North American Union

The Last Dead Bull-Sh**t Artist on Wall Street MIKE WHITNEY Counterpunch November 12, 2007
What a week for the stock market. On Wednesday the market took a 360 point nosedive followed, two days later, by a 220 point belly-flop. By the time it was over, the trading pits looked more like a sausage-packing plant than the world's financial epicenter. After the bell, downcast traders could be seen tiptoeing through the carnage on their way to the local liquor store to load up on "Stoly" and boxes of Franzia---anything that would steady their nerves and put the week behind them. Everyone could see it coming; the train-wreck. It was mostly carry-over from the night before when Asian stocks took a thumping on reports of slower growth in the US and growing troubles in the credit markets. That put the first domino in motion. Fed chief Bernanke's announcement that the economy will face "a sharp slowdown from the housing market's contraction" and an "inflationary surge from sharply higher oil prices and the weaker dollar", didn't help either. His remarks triggered a blow-off in the currency markets while equities were frog-marched to the chopping-block.The Shanghai market took the worst hit dropping nearly 5% before the trading-day ended. Taiwan and Hong Kong followed suit, sliding 3.9% and 3.2% respectively. Share prices in Japan fell 2%. The next morning, Wall Street crashed. It was a massacre.
This is a bear market now. The last bull was dragged from the Street on Friday with a harpoon in its chest.The subprime contagion has now spread beyond the US and Europe to markets in the Far East. No one is fooled by Bernanke's sunny predictions that the economy will bounce back next year with a strong showing in the first quarter. That's baloney and everyone knows it. The economy has stumbled down the elevator shaft and is just waiting to hit bottom. Consumer confidence is flagging, housing is falling, foreign capital is fleeing, and the greenback is one flush away from the sewage-treatment plant. Bernanke's soothing bromides are meaningless. I don't see any significant change in the broad holdings of dollars around the world. Dollars remain the dominant reserve asset and I expect that to continue to be the case, Bernanke said to the Congressional Economic Committee.Really? So why is the greenback plummeting if people aren't dumping it, Ben? What an absurd comment. The dollar has lost 63% against the euro and dropped to record lows against a basket of world currencies. Foreign central banks and investors have been ditching it as fast as they can before it loses more value. The dollar's tumble has been the most dazzling currency-flameout in modern times and Bernanke is acting like he's still asleep at the switch. It's madness.The greenback is getting clobbered by the Fed's "low-interest" snake oil and the gargantuan current account deficit. If Bernanke clips rates again to bail out the stock market, the dollar will slip into irreversible respiratory failure….. The Last Dead Bull-S**ter on Wall Street
This is a bear market now!

Hannity’s Program Director Tries Arresting Me Over A Question

Ron Paul Says Federal Reserve Robbed Americans of their Wealth

Watch for the fake government/economic reports; remember, they lie about everything especially when it comes to money!

Constitutional amendment would aim to prevent White House political dynasty

ASIAN MARKETS DOWN BIG...

DON’T FORGET: ANY PURPORTED IMPROVEMENT IN TRADE BALANCE IS ONLY A FUNCTION OF CONSUMERS SPENDING LESS, PARTICULARLY SINCE SO-CALLED AMERICAN PRODUCTS, WITH FEW EXCEPTIONS, HAVE PREDOMINANTLY FOREIGN MADE COMPONENTS, PARTICULARLY ELECTRONICS DESPITE WHAT THE LUNATIC FRAUDS ON WALL STREET AND IN U.S. GOVERNMENT WANT YOU TO BELIEVE. THEY LIE ABOUT EVERYTHING, ESPECIALLY WHEN IT COMES TO MONEY; AFTER ALL, THEY ARE FRAUDS!

Editorial: Mission Bogged Down

This will be Worst Recession (depression) Since the 1930s

Mr. and Mrs. President? Norquist calls for constitutional amendment; ban family members from succeeding one another...

Hillary Criticized Bush Admin for 'Suspicious' 9/11 Actions Despite Staff Convicted of Stealing, Destroying Classified 9/11 Documents

Let the consumer be aware of the fact/reality: Costs are going up on almost everything

Clinton aides plant student's question...
Says It Won't Happen Again...
Another?

Ambush by Insurgents Kills 6 US and 3 Afghan Soldiers New York Times

Rank-And-File Dems Question Latest Anti-War Strategy...

Loose Change: Final Cut Is Here

Rank and file and public : guinea (don’t touch my godfather bush) PELOSI'S HOUSE IN A MESS...

Pelosi and the Democrats Sell Out the American Worker (Again)
On October 31, Jim Hoffa, president of the Teamsters, offered his incredulity over the so-called Peru Free Trade Agreement, passed the House a few days later: I’m astounded that members of Congress would even consider passing more of these free trade agreements that workers hate.

UN human rights envoy, barred since 2003, to visit Myanmar

Government's 9/11 Investigators Were ALSO Lead OKC Bombing Investigators

CBC Pulls TV Documentary After Pressure From Chinese Envoy

Proposed missile defense upgrade for Taiwan announced

Ron Paul Says Federal Reserve 'Robbed' Americans of their Wealth

U.S. Stocks Decline to Two-Month Low; Qualcomm, Target Retreat

Metals - Gold close to record as dollar plunges to new depths

Pound touches new US dollar highs

Dollar Sinks to New Low Against Euro...

DOW DROPS HARD…..BUT MODESTLY RELATIVE TO REALITY…..
Deepening Concerns About Banks...
More Credit Writedowns...
WACHOVIA Whacked...
Gloom envelops world markets...

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll
For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

KERIK INDICTED...

16 FELONY COUNTS...

Gangster Giuliani: The GOP's Worst

Fake Christian Conservatives Expose Themselves As Neocon Shills
Fake Christian conservative Pat Robertson has hit the headlines again by throwing his hat in with Rudy Giuliani, a man who supports the continued war in Iraq, supports the preemptive bombing of Iran, is pro-abortion and an adulterer who has been married on three different occasions.
WHAT A TOTAL FRAUD PAT ROBERTSON IS! BETWEEN HIS 2000 LB. LEG PRESSES AND FALSE REPRESENTATIONS OF CONVERSATIONS WITH GOD AND INCORRECT PREDICTIONS, THAT PLANE FLIGHT WITH GIULIANI FROM ISRAEL, LAND OF THE CHRIST-KILLING JEW, EXPLAINS THIS ANTI-CHRIST FRAUD!

Hillary Clinton faces sensational claims from another woman in Bill's past Mimi Hall UK Daily Mail Thursday November 8, 2007 Hillary Clinton's presidential campaign faced damaging allegations yesterday from one of the women who claim to have been groped by former president Bill. Kathleen Willey suggests in a new book that the former First Couple could have been involved in her husband Ed's death. Willey, a former White House aide, alleges a campaign of slander and intimidation has been waged against her by Hillary since she made the sex assault allegations. Her book "Target: Caught in the Crosshairs of Bill and Hillary Clinton" details what she says are the threats made against her by the Clintons and their allies.

U.S., THE PATHETIC NATION IN DECLINE,-Communist/Repressive China Seek Closer Military Ties, the incompetent, weak-kneed grey-haired little blob gates Agree on Taiwan

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll

ACLU learns of third 'secret' torture memo from Gonzales

Backstory: An impeachment vote turnaround stuns Washington

Diana inquest hears of plot to 'assassinate' the princess

International Economic Forecast for November 2007

By:BobChapman,TheInternationalForecaster

Someone doesn’t believe the government’s figures. Yes, we know there is a credit crisis and that the banks and others will be writing off hundreds of billions of dollars, but too many investors and professionals are finally realizing that our government lies about everything. Inflation is over 11% and government expects us to believe we have the lowest inflation in 50 years. They are not even believable liars. If you remember our government and those on Wall Street and CNBC told us over and over that we had reached the bottom of the real estate market. Now they tell us we may have a little farther to go in what will be the worst correction since the 1930s. Our economy has an inflation problem and the only resilience we see is the result of massive amounts of money and credit being injected into the economy. That is the result of a 15% increase in money and credit and a wide open discount window. This is how economic growth is being manufactured and the result is hyperinflation. You are supposed to believe that our inflation is as low as it was in the 1950s. We guess the neocons and Wall Street are hoping few remember the 1950s. Well, we do and this is nothing like that. How can anyone conceivably believe with oil close to $100 a barrel that inflation is 2-2/3%, never mind all the other inflationary factors? If we are correct in our inflation estimate there is no growth. The economy is hanging on by its fingernails even with massive stimulation.
The bogus third quarter GDP figures were a milestone in stupidity. If the formula for the second quarter had been used, GDP would have been over 2%, but that wouldn’t have been good enough for the charlatans and crooks of Wall Street and the beltway. This economy has been contracting for 1-1/2 years and official lies and massive amounts of money and credit have covered that up. The Fed knows the economy is in recession and now that they have committed themselves to bailing out the economy and the financial sector we see another rate cut in either December or January. Inflation is 11.3%, not 0.8% monthly, as the Commerce Department would have us believe. The Fed doesn’t care about inflation - they just lie about it. They have abandoned the dollar, so we see a good chance of another ¼% rate cut on December 11th. The housing collapse is still in stage one of three stages and there were not 166,000 jobs created in October. We will soon have the numbers that show it should be close to zero. Do not forget they need 250,000 more each month just to say even. Their birth/death ratio could be helpful if it was refined and not politicized, but all it is used for is to justify the proscribed results. If you look at the BLS’s household survey there was no job growth last month. In fact, the labor force contracted by 211,000 jobs. Based on a real survey we will take the household survey over the birth/death projection and that is ample justification in the Fed’s eyes for another cut. It’s in Wall Street’s eyes justification for another cut. Wall Street and government have an attention spam of 6 seconds similar to a dyslexic child. They only think about the next trade and could care less about tomorrow or the future of the dollar. They care nothing about our future. Again, justification for a rate cut. We can assure you November’s employment figures will stink giving the Fed ample reason to cut again, while continuing their now ridiculous lie about inflation. As an example of how bogus October’s figures were, the B/D ratio added 103,000 jobs and then the BLS added 14,000 construction jobs and 25,000 in the financial industry. They must believe we are stupid. There are massive lay offs in both industries. Worse yet, GDP is growing at zero to 2%, and in all probability 1% and it has been at that level for a year. The Fed has to cut interest rates again. Unfortunately the result will not be successful even if money and credit increases more over 20%, which there is a great chance that will occur. Employment is a lagging indicator and we identified slippage 1-1/2 years ago. This is nothing new – it’s just been covered up. If you remember unemployment has already moved from 4.4% to 4.7% over the past several months and that is official. Can you imagine what the real numbers are?
The credit market is still frozen and greater losses will continue to be announced as more and more foreclosures disrupt the system. Foreclosures are up over 200% and high numbers should prevail for 1-1/2 years or longer. As many as 2.5 million homes could go into foreclosure. That is what we predicted three years ago. We cut that figure in half to project losses in the industry. That, of course, will have a devastating affect on homeowners, real estate prices and mortgage-backed assets. The financial blood will flow for sometime to come. Again, this is lots of ammunition for the Fed to lower rates. At 4-1/2% presently they could drop another point to 3-1/2%. Considering all the other problems we could see the dollar at 50 on the USDX. The credit crisis will last years, not months. We believe domestic demand was 1-1/2% to 2% in GDP for the third quarter. That was fueled by equity cash outs of about $150 billion, which was equal to 50% of the rise in total consumer spending during the first half of the year. Over 5-1/2 years $1.1 trillion in equity extractions went toward consumer spending. This represented a 46% increase in total consumer spending over the same period. At the end of the second quarter household mortgage debt was over $10 trillion versus $4.295 trillion in 1999. Thus, in 6-1/2 years the household sector mortgage debt increased by $5.8 trillion, or 136%. Mortgage debt relative to disposable personal income surged from 64.7% at the end of 1999 to 100.2% at the end of the second quarter. This 35.5% rise was greater than the rise over the 43 years leading up to 1999. Total household debt to disposable income was 131%, up from 93.6% at the end of 1999. Aggregate indebtedness has increased exponentially. Regarding business, corporate debt averaged 34.3% of GDP. Both personal and corporate debt combined was 217% of GDP. Any reduction is short-term rates won’t help borrowers for a year or two. This debt overhang will not be manageable in a recession. As we have said the high end of the real estate market has yet to come down, but come down it will. Homes today are still some 58% above the previous cycle high in 1989. We closed our home in Malibu in November 1988. We told our clients in September and October to bail out of homes and saved people millions of dollars. All the real estate market appreciation of the last 5-1/2 years have been accomplished by use of excessive debt and absurdly low interest rates. Now all that debt has to be serviced and it cannot be. Almost all homes bought in 2006 and 2007areupsidedown. Housing starts have not dropped fast enough and that is adding to the inventory problem. Housing starts are still 30% from where they should fall too. We must admit part of the builders’ problems comes from listening to government and innocently using bogus government statistics. In just the next 11 months $800 billion in ARM resets come due and the worst will be in the first six months of 2008. That process is 18 months long and following will be a new crop coming due from resets that started a year ago. Lower house prices will kill them as well. You have to divide the problem into two segments. The houses that went up 40% will drop 20%. The houses that went up 150% will fall 30% to 60% from the peak. We are looking for $10 trillion in losses from June 2005 to the bottom. We know you do not think that is possible. When we told investors in April 2000 that the stock market would fall and $8 to $10 trillion would be lost, they laughed. They were not laughing in 2002. We will see a recession and massive inflation, a combination that will send the stock market down and gold and silver soaring. This is how you will retain your wealth over the next five years and how thinking people will make money. GOLD, SILVER, PLATINUM, PALLADIUM AND URANIUM Note that the one month gold lease rates have suddenly dropped off from .20% to .07% so it looks like some sort of short term manipulation might be on its way now that gold has crossed 800 and has its eyes on 850. Or it could be that no one wants to lease it and then sell it and they are trying to make it more attractive to do so. Or they could be accommodating the commercial shorts by giving them some cheap gold to lease and hold to cover their shorts. They have something up their sleeve, but knowing precisely what kind of evil thoughts they have on their minds may be difficult to determine. This may be a situation similar to that of shorter-term silver lease rates, which are now so negative that they have dropped off the lease rate charts. Right off the rip on Monday, the yen has strengthened again and the Dow is already down over 100 at the open as the cartel tries to put the kibosh on the recent gold rally that took gold well above 800. The yen has strengthened from Friday's close of 114.74 to 114.084 yen per dollar and from 166.155 to 165.110 yen per Euro on Monday at about 9:30 am EDT, so the minus 100 open should not come as a surprise to our IF subscribers. The yen hit was accompanied by news from Citigroup of another 8 to 11 billion in additional losses on top of the 8.4 billion just written off, plus the resignation of its CEO Charles Prince, who now joins Stanley O'Neal, the former CEO of Merrill who also just resigned, in the Golden Parachute Clown Club. The cartel's motto will now be: "Never waste your bad news when you can use it to hit gold." The truth will now start to leak out everywhere as the auditors of the big banks and brokers start to fear another Enron scenario developing and do not want to get caught in circumstances, which will lead to liability to shareholders for hiding losses. The big accounting firms cannot wait any longer or they will join the big rating agencies on the financial gallows….. International Economic Forecast for November 2007

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll
For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

Six in 10 U.S. consumers see recession - survey

Forex - Pound hits 2.10 usd mark as dollar battered by Cheng comments

US Military Reviews Recruitment Standards; May Allow More "Criminals"

"Battle For The Republic" Exposes Real Immigration Agenda
Elite using balkanization strategy to destroy American sovereignty and create third world cesspit

The Housing Crash, Suburban Sprawl and the Crisis of the American Middle Class

Oil Races Toward a Record $100 Amid Supply Crunch

DOW DUMPS 360... but on 11-8-07, despite record low dollar, record high oil/gold prices, etc., lunatics/suckers’ bear market rally into the close to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t!

GM shares slide after record loss...

REPORT: mob/giuliani connected Kerik Indictment Expected for Evading Taxes...

DOLLAR NEW LOW...

...OIL NEW HIGH

GOLD $850...

..Canadian dollar hits record high...

Oil hits $98, closes at new record on bombs, low inventories, demand forecast

GM to take $39 billion charge What’s a billion here or there when you’re talking about worthless dollars!

CNN: Price of Iraq war 10 times pre-war predictions

Wall Street firms see recession nearing

Giuliani, mob man himself, Praises mob man Kerik's selective Crime-Fighting Results...

REPORT: Kerik Indictment Expected for Evading Taxes...

ST. LOUIS MOTORCYCLE GANGS ATTACK CARS ON ROAD...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

Sarkozy worked for Israeli intelligence How pathetic….. and very tragic for France.

Bungling, bumbling, war criminal dimwit bush and lightweight but overweight Merkel in a somewhat pathetic display of solidarity in favor of folly/mediocrity/criminality discuss, in very limited in intellectual/realistic terms, the sorry state they’ve created for the world

OIL HITS NEW RECORD...

Dollar hits new record low...

'07 Deadliest Year for USA in Iraq...

CALLS FOR CITIGROUP TO BE BROKEN UP...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

UPDATE - Merrill reveals $6.3 bln more in subprime-CDO exposure

UPDATE - SEC investigating Merrill subprime portfolio

Morgan Stanley sees $3.7 billion subprime hit

http://www.stevequayle.com/index1.html HOT HEADLINES FROM STEVE QUAYLE
China Signals Dollar Swap
Silver Hits Its Highest Mark Since 1981
Morgan Stanley Takes $3.7Bn Hit

Here's the Question...

Government Manipulating Data to Keep Cost-of-Living Index Low

Secret History of the Credit Card - watch online

New 'Disaster' Movie Warns World of Oil Apocalypse

Sarkozy Says Dollar Drop Risks Triggering Trade War

Fewer Beer and Pizza Nights As Prices Soar

Global Markets Down After U.S. Sell-Off

Record Heat Continues, But Why Are Temps So Hot

Hurricane Noel Bigger, Less Fierce Than Juan

Saurashtra Tremors Precursor to Major Quake?

Biolab Protest Creates Horrific Scene

U.S. Fifth Fleet in Gulf Exercise for Possible War in Iran

Perils of Pakistan

Dividing Jerusalem, Destroying Israel

Business as Usual in Washington

Pat Robertson's Sell-Out

Not Our Dictator

Citigroup's Subprime Explanation Defies Belief: Jonathan Weil

The Gold Bugs Were Right

China Gold Output to Beat U.S., Challenging S. Africa

Dollar Slumps to Record on China's Plans to Diversify Reserves

Bond Insurers Set Off Fresh Wave of Credit Panic

The Federal Reserve Is Scared Silly

Oil Passes $98 on Weaker Dollar

Caught Red Handed Killing the Dollar

Prepetorial #3: Running on Empty

Dubious Fees Hit Borrowers in Foreclosures

Record Heating Costs Predicted for This Winter

GM Loses $39B in 3Q, Shares Fall

Analysis: Kurds Say Kirkuk is Turkey's Aim

Getting Rid of the Navy, Then Mining ...

Agri-Food Thoughts

Climate Change 'Threatens National Security'

Climate Change Could Diminish Drinking Water More Than Expected

China Bolsters Antarctica Posts

Cops Find Themselves in Arms Race With Criminals

Bhutto Threatens Musharraf With "Long March"

Business as Usual in Washington

Crash is Coming, Warns Top Investor

Empire of Debt I: The Great Unraveling Begins

Plunging Markets Fear a Meltdown

Foreclosure Wave Sweeps America

Markets Fear Banks Have $1 Trillion in Toxic Debt

Gold Climbs to 27-Year High as Dollar, Crude Oil Reach Records

Planned India Commodity Bourse to Trade Gold, Silver

Critics Decry U.S. Food Safety System

El Nino's 'Evil Twin' Fuelled Noel's Wrath

Volcano Eruption Fears Grow in Indonesia

Landslide Buries Mexican Villagers

Ron Paul Raises More Than $4.2 Million

Ron Paul Interview

The Shocking Video Hillary Does NOT Want You to See! - video

Warning From a Vet

Senate Panel Probes 6 Top Televangelists

The Devil in the Details, Again

Five Stages of Violent Crime

The Invincible Man

Kerik indicted...
Arraigned Friday...
Giuliani Says Support Was Mistake...

Six in 10 U.S. consumers see recession - survey

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll
For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

New Report Says Most Congressmen Don’t Read ‘Monster’ Spending Bills

Crude oil, gold surge amid dollar 'reserve' worry

Forex - Pound hits 2.10 usd mark as dollar battered by Cheng comments

Iran Sanctions Will Only Hurt America

Russia threatens to build up troops on western borders over CFE

Italy's Prodi opposed to military action against Iran

US Military Reviews Recruitment Standards; May Allow More "Criminals"

"Battle For The Republic" Exposes Real Immigration Agenda
Elite using balkanization strategy to destroy American sovereignty and create third world cesspit

The Housing Crash, Suburban Sprawl and the Crisis of the American Middle Class

Oil Races Toward a Record $100 Amid Supply Crunch

DOW DUMPS 360...

GM shares slide after record loss...

REPORT: mob/giuliani connected Kerik Indictment Expected for Evading Taxes...

DOLLAR NEW LOW...

...OIL NEW HIGH

GOLD $850...

..Canadian dollar hits record high...

Oil hits $98, closes at new record on bombs, low inventories, demand forecast

GM to take $39 billion charge What’s a billion here or there when you’re talking about worthless dollars!

CNN: Price of Iraq war 10 times pre-war predictions

Wall Street firms see recession nearing

Giuliani, mob man himself, Praises mob man Kerik's selective Crime-Fighting Results...

REPORT: Kerik Indictment Expected for Evading Taxes...

ST. LOUIS MOTORCYCLE GANGS ATTACK CARS ON ROAD...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

Sarkozy worked for Israeli intelligence How Pathetic….. and tragic for France.

OIL HITS NEW RECORD...

Dollar hits new record low...

'07 Deadliest Year for USA in Iraq...

CALLS FOR CITIGROUP TO BE BROKEN UP...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

UPDATE - Merrill reveals $6.3 bln more in subprime-CDO exposure

UPDATE - SEC investigating Merrill subprime portfolio

Morgan Stanley sees $3.7 billion subprime hit

UN: Israel fuels support for extremists (AP)

Israeli settlements burden peace push (AP)

U.S. chides Israel for curbs on Palestinian forces (Reuters)

US action against individuals supporting Syrian efforts in Lebanon
The US Department of the Treasury yesterday designated four individuals affiliated with the Syrian regime's efforts to reassert Syrian control over the Lebanese political system. Two of the individuals are Lebanese, one of whom is a member of parliament, and the other an ex-member of parliament.
Lebanon-Syria-USA, Politics, 11/6/2007

UK accused of exaggerating terrorism threat
IHRC chairman, Massoud Shadjareh said that according to last year's figures released by the European Police Office (Europol), out of 498 terrorist attacks in 2006, only one was committed by a Muslim.
Regional-UK, Politics, 11/6/2007

Gulf states not to allow strike on Iran
Iran is confident that the Arab Gulf states will not allow their territory to be used for likely strike on Iran, said Acting Foreign Minister Ali-Reza Sheikh Attar on Monday.
Gulf-Iran, Politics, 11/6/2007

Israeli PM accepts to tackle all main issues for Annapolis conference
Olmert added "I recommend to each of the leaders and involved parties to deal bravely and unhesitatingly with all the components of this opportunity, this chance. Be open to hope and face the genuine and clear risks and difficulties so that the process may move ahead."
Palestine-Israel, Politics, 11/6/2007

Female detainees launch hunger strike in Israeli jails
Detainees Study Center said that Palestinan Fateh female detainees imprisoned by Israel launched a Hunger Strike to show solidarity with the detainee Amna Mona, who is confined to solitary in Al Ramla Israeli prison.
Palestine-Israel, Politics, 11/6/2007

Iran sees US as responsible in the Iraq-Turkey crisis
Iran's Foreign Ministry spokesman Mohammad-Ali Hosseini yesterday called for settlement of the existing crisis between Turkey and Iraq through diplomacy.
Iraq-Iran, Politics, 11/6/2007

UK armed forces damaged by Iraq war
Britain's armed forces are on a "dangerously unsustainable course" at a time of growing turbulence and risk, a leading think-tank warned Monday.
Iraq-UK, Politics, 11/6/2007

Iranian minister on US threats
Iran-USA, Politics, 11/6/2007

Israel puts Jerusalem on the negotiating table - CS Monitor
Palestine-Israel, Politics, 11/6/2007

Historic Saudi visit to Vatican - BBC
Saudi Arabia-Vatican, Politics, 11/6/2007

Pope Lauds Christian Presence in Saudi - Washington Post
Saudi Arabia-Vatican, Politics, 11/6/2007

2007 is deadliest year for U.S. troops - Guardian Unlimited
Iraq-USA, Politics, 11/6/2007

Cheney impeachment heads for a vote - LA Times
Iraq-USA, Politics, 11/6/2007

2,000-Year-Old Christian Community in Iraq Gains a Spiritual First in Baghdad - NY Times
Iraq, Politics, 11/6/2007

Turkish Troops Poised on Iraq Border - Washington Post
Iraq-Turkey, Politics, 11/6/2007

U.S., Iran dial down tensions in Iraq - CS Monitor
Iraq-Iran-USA, Politics, 11/6/2007

Iraq war source's name revealed - BBC
Iraq-USA, Politics, 11/6/2007

22 bodies found in mass grave outside of Baghdad, U.S. says - LA Times
Iraq, Politics, 11/6/2007

Frenzy in the markets as oil heads for $100 a barrel - Guardian Unlimited
Regional, Economics, 11/6/2007

UN asks Israel to stop violations of Lebanon airspace - Yahoo
Lebanon-Israel, Politics, 11/6/2007

Court: Group Can Challenge on Detainees - Washington Post
Regional-Canada, Politics, 11/6/2007

Libyan Islamists 'join al-Qaeda' - BBC
Libya, Politics, 11/6/2007

Yemeni Tribesmen Blow Up Oil Pipeline - NY Times
Yemen, Politics, 11/6/2007

Israeli Police Impersonate Reporters - Washington Post
Palestine-Israel, Politics, 11/6/2007

Judge: contractor can face Iraqi torture suit - Washington Post
Iraq-USA, Politics, 11/6/2007

Oil hits $97, closes at new record on bombs, demand forecast

UN asks Israel to stop violations of Lebanon airspace (AFP)

Record low dollar, record high oil prices sparks lunatics/suckers’ bear market rally to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t!

GM to take $39 billion charge What’s a billion here or there when you’re talking about worthless dollars!

CNN: Price of Iraq war 10 times pre-war predictions

Deadliest year for US troops in Iraq (AP)

UN asks Israel to stop violations of Lebanon airspace (AFP)

Wall Street firms see recession nearing

CALLS FOR CITIGROUP TO BE BROKEN UP...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

Is This 20-Year CIA Vet Crazy For Saying 9/11 Is a Probable Inside Job?

Patriot-Danny Riley, Beaten, and Shot In Jail for Quoting the Constitution.

Rice's Legal Adviser Won't Condemn Waterboarding Of U.S. Citizens By Foreign Intel Services

Bush Administration Fired acting Attorney General who criticized Waterboarding

Giuliani: I Used ‘Very Aggressive,' ‘Intensive' Interrogation Techniques

Mukasey Is (Much) Worse Than Gonzales

Sarkozy worked for Israeli intelligence How Pathetic….. and tragic for France.

Robert Baer Says Evidence Points To 911 Inside Job

OIL HITS NEW RECORD...

Dollar hits new record low...

'07 Deadliest Year for USA in Iraq...

UN asks Israel to stop violations of Lebanon airspace (AFP)

CALLS FOR CITIGROUP TO BE BROKEN UP...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

Crash is coming, warns top investor

CNN: Price of Iraq war 10 times pre-war predictions

A Look at Rights Suspended in Pakistan

No evidence of Iranian nuclear-weapons program, experts say

Inevitable Turkey-Iran-Syria-Russia alliance

Musharraf move is nightmare for Bush

Musharraf guilty of 'second coup': Bhutto

The neocons' crazy dream of World War III

Is This 20-Year CIA Vet Crazy For Saying 9/11 Is a Probable Inside Job?
Debunkers can scoff and chuckle all day long when a celebrity uses their public prominence to talk about 9/11 truth, but when a 20-year decorated CIA veteran says that the evidence points to 9/11 being an inside job, dismissive hand waving and off-the-cuff ad hominem attacks on credibility aren't so easy to justify.

Telling the Whole Truth About Oil

CALLS FOR CITIGROUP TO BE BROKEN UP...
MARKETS FEAR BANKS HAVE '1 DOLLARS TRILLION' IN TOXIC DEBT...

UPDATE: 3,500+ Detained in Pakistan Emergency; Thousands Battle Police...

PETROCHINA first to reach $1 Trillion; Overtakes EXXONMOBIL's market value ...

UPDATE: Circulation falls at many major newspapers... THE LIST...

Growing expectations of oil spike above $100...

Hillary's lead dips in new CNN poll...

Pelosi: Clinton Camp Played Gender Card...

SCREENWRITERS ON STRIKE OVER STAKE IN NEW MEDIA...

Pakistan Police Arrest Lawyers Protesting Martial Law (Update1) By Khalid Qayum Nov. 5 (Bloomberg) -- Pakistani police baton-charged and arrested dozens of lawyers challenging President Pervez Musharraf's emergency rule, as the US said it was reviewing military aid to the country in response to the decree.
Video: Pakistan reacts to emergency rule - 4 Oct 07 AlJazeeraEnglish
Pakistan rounds up Musharraf's political foes Austin American-Statesman

Activists Detained in Pakistan Emergency...

Everybody hates the worthless dollar

Sinking Currency, Sinking Country

Pakistan rounds up Musharraf's political foes Austin American-Statesman

Bank Could Increase Its Write-Downs By Billions More...

Dollar resumes downward path

Foreclosure filings soar in 3rd quarter, fake jobs data twice expected numbers, new record oil prices, new dollar lows, more bull s**t from the lunatic frauds on wall street and suckers bear market rally/dead dog bounce into the close to suck them in….. r

MERRILL LYNCH Falls on Concern Writedown May Be $10 Billion...

What have they been smoking on wall street?
Bear Stearns CEO Jersey Jimmy Cayne denies drug allegations in Wall Street Journal article Stock Prices Plunge; Dow Drops a modest relative to reality 370

ANALYST HITS BACK AFTER DEATH THREATS OVER DOWNGRADE...